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Sanwo-Olu reportedly orders LAWMA boss Muyiwa Gbadegesin to resign over Lagos waste crisis

Lagos Gov. Babajide Sanwo-Olu has reportedly ordered LAWMA managing director Muyiwa Gbadegesin to resign over the state’s worsening waste crisis, an agency insider says.
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SERAP sues INEC over alleged failure to account for N126 billion in electoral funds

SERAP has sued INEC at the Federal High Court in Abuja over its alleged failure to account for more than N126 billion in electoral funds flagged by the Auditor-General.
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CBN, NCC Sign MoU To Tackle SIM-Related Fraud in Nigeria

The Central Bank of Nigeria and the NCC have signed a memorandum of understanding to tackle SIM-related fraud and launch a shared phone-number risk portal.
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CBN Grants National Licenses to Major Fintech Players

The Central Bank of Nigeria has upgraded major fintechs to national licenses, formalising nationwide operations and imposing higher capital and compliance standards.
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CBN’s Global Investor Push Boosts Nigeria’s Economic Confidence

Nigeria’s CBN promotes reforms, policy stability, and market transparency to global investors, driving Eurobond demand and renewed confidence in the economy.
Business

CBN Lifts Limits, Raises Weekly Withdrawal Threshold

The Central Bank of Nigeria has overhauled its cash-handling rules, lifting deposit limits and increasing weekly withdrawal thresholds to N500,000 for individuals and N5 million for corporates.
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CBN Injects $1.25 Billion to Support Fuel Imports

The Central Bank of Nigeria disbursed $1.25 billion to petroleum marketers in the first quarter of 2025 to stabilise fuel import and supply
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Afe Babalola Warns Nigeria’s Debt Crisis Hurts Investor Confidence

Afe Babalola warns Nigeria’s debt crisis is hurting investor confidence and calls for fiscal discipline, leadership reform, and stronger economic management.
News

Dollar To Naira Rate Steadies Amid Market Pressure

The dollar to naira exchange rate steadied on October 15, 2025, with official and parallel market rates showing minimal movement.
Business

Nigerian Banks’ Deposits with CBN Soar Dramatically High

The CBN's deposits from Nigerian banks grew by over 800% year over year in 2025. This shows that the money market was tighter and there was too much cash.
News

CBN Reports N38.8 Billion Profit, Reversing Heavy 2023 Loss

CBN rebounds from N1.15 trillion loss to report N38.8 billion profit in 2024
Business

Businessman Sentenced, Wristwatch Forfeited For Refusing Naira

Uzondu Chimaobi sentenced to four years in prison for refusing to accept Naira as payment, violating Nigerian law on legal tender.
News

Nigeria Records $6.83 Billion Payments Surplus in 2024

Nigeria records a $6.83 billion payments surplus in 2024, marking the first surplus in three years. Key reforms and trade performance contributed to the success.
News

Kenya’s President Ruto Nominates Interior Minister as New Deputy President

Zenith Bank has named Abiodun Durosinmi as its new CFO, following the Central Bank of Nigeria's approval of the appointment
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Sanwo-Olu reportedly orders LAWMA boss Muyiwa Gbadegesin to resign over Lagos waste crisis

Lagos Gov. Babajide Sanwo-Olu has reportedly ordered LAWMA managing director Muyiwa Gbadegesin to resign over the state’s worsening waste crisis, an agency insider says.
News

SERAP sues INEC over alleged failure to account for N126 billion in electoral funds

SERAP has sued INEC at the Federal High Court in Abuja over its alleged failure to account for more than N126 billion in electoral funds flagged by the Auditor-General.
News

Angry Zamfara Youths Block Deputy Governor’s Convoy

KEY POINTS Angry youths blocked Deputy Governor Mani Mummuni’s convoy in Gwashi. At least...
News

Boko Haram Attack Kills Five Security Operatives in Adamawa

KEY POINTS Five security operatives are feared killed in attacks on two Adamawa communities. ...