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Cross River police arrest vigilante over $5,000 robbery and shooting

Cross River police have arrested a vigilante member accused of shooting a villager in Etung and robbing him of $5,000; a locally made pistol was recovered.
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NAFDAC finds methanol and cannabis in Ondo drinks that killed 48 people

NAFDAC lab tests found high concentrations of methanol and cannabis in herbal concoctions blamed for 48 deaths and seven cases of blindness in Ondo State.
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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.
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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
Business

Nigeria’s Inflation Slows for the First Time in 19 Months

Nigeria’s inflation rate slows after 19 months of increase, offering brief relief but ongoing economic challenges remain.
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Cross River police arrest vigilante over $5,000 robbery and shooting

Cross River police have arrested a vigilante member accused of shooting a villager in Etung and robbing him of $5,000; a locally made pistol was recovered.
News

NAFDAC finds methanol and cannabis in Ondo drinks that killed 48 people

NAFDAC lab tests found high concentrations of methanol and cannabis in herbal concoctions blamed for 48 deaths and seven cases of blindness in Ondo State.
News

Oyo school kidnap survivor tells court of 56 days without clean water

A teacher abducted from an Oriire school in May told the Federal High Court how 46 captives, including toddlers, survived 56 days on dirty water and plain rice.
News

Civil servants warn Oyedele over 40% allowance he promised to fund

Federal workers have written to Finance Minister Taiwo Oyedele warning that the unpaid 40% peculiar allowance and promotion arrears are building restiveness in the public service.