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Adelabu Quits as Power Minister to Chase Oyo Governorship Ambition

KEY POINTS Adebayo Adelabu has resigned as Minister of Power, effective April 30, 2026. ...
News

FG, States, LGs Share ₦2.036 Trillion as Taiwo Oyedele Chairs First FAAC Meeting

KEY POINTS FG, states, and LGs received allocations from March 2026 revenue, with oil-producing...
News

EFCC Probes $347bn Forex Allocation to Firms in 10 Years

The Economic and Financial Crimes Commission (EFCC) is investigating how at least $347bn was...
News

CBN Releases $61.64 Million to Settle FX Backlog for Foreign Airlines

CBN takes action by disbursing $61.64 million to foreign airlines, aiming to resolve the FX backlog and boost the Naira's value.
Business

CBN to Crack Down on Fintech Fraud With New Guidelines

The Central Bank of Nigeria (CBN) is planning to introduce corporate governance guidelines for...
News

Naira Surges as Nigeria’s Central Bank Unifies Exchange Rates

Nigeria's naira soared by more than 27 percent against the US dollar on Monday,...
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CBN Mandates BVN, NIN Linking, Anticipates Customer Rush

CBN’s new BVN/NIN policy expected to cause a surge in bank and NIMC office visits across Nigeria.
News

Former CBN Governor Faces Human Rights Abuse in Nigeria, US Group Says

Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is being subjected...
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Former CBN Governor Faces Six Fraud Charges in Court

Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), has been...
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Nigerians Deposit More Money in Banks as CBN Boosts Lending and Devaluation Increases Dollar Value

Nigerian banks have witnessed a surge in customer deposits this year, as the Central...
News

Naira Plummets as Nigeria’s Forex Reserves Hit 18-Month Low

The Nigerian naira has continued to lose value against the US dollar, as the...
Business

Soaring Food Prices Hit Nigerian Diets Amid Inflation

With inflation hitting 30% and the Naira trading at 1000/$, over 90% of Nigerians...
News

How Nigeria’s Naira Lost 99.92% of Its Value in 50 Years 

Nigeria’s naira currency has depreciated significantly in the past five decades, losing 99.92% of...
Business

Crypto Transactions in Nigeria Skyrocket Amid Economic Struggles

Nigeria, the continent's leading economy and top oil exporter, has experienced a 9% annual...
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News

Adelabu Quits as Power Minister to Chase Oyo Governorship Ambition

KEY POINTS Adebayo Adelabu has resigned as Minister of Power, effective April 30, 2026. ...
News

FG, States, LGs Share ₦2.036 Trillion as Taiwo Oyedele Chairs First FAAC Meeting

KEY POINTS FG, states, and LGs received allocations from March 2026 revenue, with oil-producing...
News

Senate Orders Full Probe Into Boko Haram Attacks on Military Bases in Borno

KEY POINTS The Senate ordered a full military audit following deadly attacks on bases...
News

Court Orders DSS to Detain Six Suspects Over Alleged Terrorism in Abuja

KEY POINTS Six defendants were arraigned in Abuja on a 13-count charge of alleged...