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Economy
Pruning the lenders at the edge of Nigeria's economy
What the CBN's withdrawal of 46 microfinance bank licences says about financial inclusion, depositor trust and the next phase of Nigerian financial-sector reform...
Economy
Nigeria’s fiscal illusion: Why size has been mistaken for wealth
Nigeria is often described as a rich country held back by poor management. The numbers tell a tougher, less comforting story. Nigeria is not rich. It is fiscally weak, and mismanagement only deepens that weakness....
Editor | Feb 12, 2026
Technology
After $205bn in transactions, Africa’s crypto growth shifts from trading to payments
Africa’s crypto market is entering a new phase after years of growth driven largely by speculative trading, with exchanges and users increasingly turning to payments and value transfer as transaction volumes surge past $205 billion....
Editor | Feb 12, 2026
Markets
The giant awakes: Pension funds pivot from spectators to market movers
For decades, Nigeria's pension funds were the 'sleeping giants' of the financial system - massive, slow-moving, and largely confined to the safe but unexciting world of government bonds. However, 2026 has marked a historic turning point....
Editor | Feb 12, 2026
Energy
Paying for darkness: How estimated billing, banding created Nigeria’s electricity divide
Nearly 5.4 million Nigerian households remain unmetered, paying for electricity they often do not receive. A billing system that economists say has become a regressive tax on the poorest consumers....
Editor | Feb 11, 2026
Nationality
Nigerian excellence is no longer a surprise, It is the baseline
For decades, Nigerian excellence announced itself to the world in occasional flashes....
Editor | Feb 11, 2026
Security
How Nigeria's rising insecurity threatens key trade corridors, raises business costs
As Nigeria grapples with persistent security challenges, businesses and investors could face mounting risks to supply chains, trade routes, and market access. The latest SBM Intelligence weekly security report,...
Editor | Feb 11, 2026
Economy
The politics embedded in economic structure
Every economy tells a political story long before any election does. Long before manifestos are written or ballots are cast, power is already distributed — silently — through economic structure. Who earns, who waits, who bears risk, who is protected, and ...
Editor | Feb 11, 2026
Economy
ESG and the future of infrastructure financing
Financial institutions worldwide are under growing pressure to decarbonise. Lenders increasingly “green” their loan books, and infrastructure projects are coming under the same scrutiny. ...
Editor | Feb 11, 2026
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