Nigeria’s Inflation Drops but Remains Among the Worst Globally, JP Morgan Executive Says

Managing Director and Head of West Africa at JP Morgan, Dapo Olagunju, has warned that Nigeria still faces major economic hurdles despite recent improvements in key indicators, particularly inflation. Olagunju made the observation while speaking at the ‘Fitch on Nigeria 2025’ economic forum held in Lagos, where top financial experts, investors, and policymakers gathered to … Read more

Nigeria’s Foreign Reserves Hit $46.7bn — Highest Since 2018, as CBN Celebrates Major Economic Milestone

Welcome to bankibusiness. Nigeria’s foreign reserves have surged to $46.7 billion, the highest level recorded since 2018, reflecting improved investor confidence, stronger oil receipts, and rising external inflows. The Central Bank of Nigeria (CBN) announced the new figure on Tuesday, describing it as a major breakthrough under its ongoing economic and monetary reforms. CBN Governor, … Read more

US Postal Service Reports $9 Billion Annual Loss, Renews Push for Legislative Reforms

Welcome to Bankibusiness The United States Postal Service (USPS) on Friday reported a $9 billion net loss for fiscal year 2025, prompting the agency to renew calls for sweeping legislative and regulatory reforms aimed at stabilizing its long-term finances. According to its year-end financial statement, the Postal Service generated $80.5 billion in revenue, a slight … Read more

OWealth: Meaning, How It Works, How to Activate, How to Cancel and All Features Explained

Owealth

Hello everyone! Welcome again to BankiBusiness. It is me, your friend, Prudent Joshua. Today, I want to share something very important, something a lot of people have been asking me about lately—OWealth. Let me start with a short story, because sometimes, this is the best way to explain something clearly. Not too long ago, I … Read more

How Much Is Opay POS Machine? Full Price Guide, My Experience, Types, Fees and What You Must Know Before Getting One

Hello everyone! Welcome to BankiBusiness! It is me again, your friend, Prudent Joshua. I decided to write this article because of something that happened not too long ago during one of my visits to Awka. I was at an Opay agent center close to Aroma Junction. I did not go there to buy a POS … Read more

NELFund Loan 2026: How to Apply, Eligibility, Repayment and Latest News for Nigerian Students

Hello. I am Prudent Joshua. I write from my real life experience helping students and readers understand things that look confusing. Today I will talk about the Nigerian Education Loan Fund and the nelfund loan. I will explain what it is. I will show how to apply. I will share problems people face and how … Read more

Abia governor raises NYSC corps members’ allowance to ₦50,000 — full breakdown, why it matters and what corps members should expect

Abia State Governor Alex Otti has approved a major increase in monthly allowances paid to National Youth Service Corps (NYSC) members serving in the state. The new package raises payments from the long-standing ₦4,000 to amounts of up to ₦50,000 depending on posting and role, according to multiple news reports. This is a large, immediate … Read more