December 18, 2025/CSL Update The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing persistent regulatory breaches and weak financial conditions that rendered both institutions unviable. The revocations took effect on 15 December 2025 and […]
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Nigeria: Fiscal Outlook and Budget Credibility Risks
December 17, 2025/CSL Update This Day report indicates that Nigeria’s proposed 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) have come under renewed scrutiny following official confirmation of a significant revenue shortfall in 2024–2025. Speaking at a Senate Committee on Finance session in Abuja, Finance Minister Wale Edun acknowledged […]
Lagride Secures $100 Million UBA Loan, Expands Ev Charging Infrastructure to Transform Lagos Drivers into Mobility Investors
December 17, 2025/UBA Plc ….Facility to Scale Drive To Own Programme and Create a New Class of Mobility Investors in Lagos Lagride has secured a 100 million dollar financing facility from United Bank for Africa to expand its Drive To Own programme and enable 3,500 Lagos drivers to transition from […]
