Digital banking has changed how money moves. Transfers now happen instantly, across banks, wallets, and platforms. However, while sending money feels easy, interpreting those transactions remains complex. Banks, auditors, and tax authorities do not see intent. Instead, they see numbers, frequency, and descriptions. So this headline is very important to everyone. Payment Narration in Your…
The Pound to Naira exchange rate on December 29, 2025 continues to attract wide attention across Nigeria, not only because of its direct effect on import costs and foreign transactions, but also because it now sits alongside a far-reaching fiscal plan unveiled by the Federal Government and most states. As economic pressure tightens and households…
15 Business You Can Start in Onitsha and Succeed in 6 Months. Onitsha stands out as one of the liveliest commercial hubs in Southeastern Nigeria. Its sprawling markets — especially the iconic Onitsha Main Market — attract traders and buyers from across Nigeria and beyond. Because of this commercial energy, businesses from small-scale retail to…
15 Businesses You Can Start in Lagos and Succeed in a Year 15 Businesses You Can Start in Lagos and Succeed in a Year. Lagos remains one of the busiest cities in Africa. Every corner vibrates with movement, trade, and ambition. Because of this intense pace, Lagos offers many opportunities for anyone who wants to…
Nigeria Tightens Cash Withdrawal Limits to Curb Money-Laundering. In a major financial move with wide effects, the Central Bank of Nigeria (CBN) has introduced new limits on cash withdrawals. Although many people expected some form of financial reform, the scale of this change has caught banks, traders, companies, and households by surprise. Moreover, the policy…
CBN Removes Cash Deposit Limits, Boosts Weekly Withdrawal to N500,000 In a major shift, the Central Bank of Nigeria (CBN) today abolished restrictions on cash deposits. Simultaneously, it raised the weekly cash withdrawal limit for individuals to ₦500,000 across all channels. The move marks a sharp reversal of earlier policy, and aims to ease some…
