Banks accused of double stamp duty charges as new tax laws spark outrage in Nigeria
Nigerians are raising fresh concerns over what they describe as double stamp duty deductions by commercial banks, barely days...
CBN
Nigeria to Seize Unregistered POS Terminals From January as CAC Places Fintechs Under Watch
A sweeping nationwide crackdown on unregistered Point-of-Sale (POS) operators will begin on 1 January 2026, the Corporate Affairs Commission...
Top News Across Nigeria Today: Visa Bans, Defence Shake-Up, New Cash Limits and Senate Demands Dominate Headlines
Major policy decisions, security concerns and economic updates shaped Nigeria’s news cycle on Thursday as the United States imposed...
CBN Revises Cash Policies: Removes Deposit Cap, Sets New Withdrawal Limits for Individuals and Corporates
The Central Bank of Nigeria (CBN) has overhauled its cash management policies, removing the cumulative deposit cap and introducing...
Dollar to Naira Exchange Rate Today, October 7, 2025: Naira Strengthens as FX Liquidity Improves
The naira showed renewed strength on Tuesday, October 7, 2025, trading in the mid-₦1,400 range across both official and...
CBN Confirms 14 Banks Meet Recapitalisation Target as Interest Rate Cut to 27% Boosts Confidence
Nigeria’s Central Bank says 14 banks have successfully met new capital requirements introduced under the ongoing recapitalisation programme, a...
CBN Orders Moniepoint, OPay, PalmPay, Banks to Geo-Tag 4.2m PoS Terminals Within 60 Days or Face Shutdown
Nigeria’s booming Point-of-Sale (PoS) industry is set for a seismic shake-up as the Central Bank of Nigeria (CBN) has...
Yul Edochie Urges Tinubu to Reinstate Cashless Policy, Claims It Curbed Kidnapping and Boosted Naira Value
Nollywood star Yul Edochie has sparked national debate after publicly urging President Bola Ahmed Tinubu to revive Nigeria’s suspended...
Buhari Crashed Nigeria’s Economy by Printing Excess Money – Oshiomhole Blows Hot
Senator Adams Oshiomhole has openly accused former President Muhammadu Buhari of wrecking Nigeria’s economy through reckless monetary decisions, particularly...
CBN Pushes Yuan Trade Amid Naira Woes as Stakeholders Warn of Deepening China Dependence
China’s growing economic grip on Nigeria came under the spotlight again as the Central Bank of Nigeria (CBN) touted...
Trump’s Tariff Tsunami Triggers Emergency Economic Talks in Nigeria as Naira Crashes Further
President Bola Tinubu’s Economic Management Team (EMT) is preparing for a high-level review of the 2025 budget after fresh...
CBN Fines Nine Banks N1.35bn Over Cash Scarcity in ATMs During Festive Season
The Central Bank of Nigeria (CBN) has penalized nine Deposit Money Banks a total of N1.35 billion for failing...
Senate Bill to Ban Use of Dollars, Foreign Currencies in Nigeria Passes First Reading
A bill seeking to ban the use of foreign currencies, including the dollar and pound sterling, for transactions in...
Nigeria’s Inflation Rate Soars to 34.60% in November, Deepening Economic Hardship
Nigeria’s inflation rate surged to 34.60% in November 2024, up from 33.88% in October, signaling heightened economic hardship for...
CBN Plans Strategic Workforce Reduction, 1,000 Employees Set to Retire with ₦50bn Package
The Central Bank of Nigeria (CBN) is set to retire approximately 1,000 employees by December 31, 2024, as part...
BREAKING: CBN Increases Nigeria’s Interest Rate to 27.50% Amid Rising Inflation
The Central Bank of Nigeria (CBN) has raised the country’s Monetary Policy Rate (MPR) by 25 basis points, moving...