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INEC Sets February 21 for Rivers Bye Elections

KEY POINTS • INEC schedules Rivers State bye elections for February 21, 2026• Vacancies arose...
News

Rivers Lawmakers Loyal to Wike Defect to APC in Major Shake Up

KEY POINTS • Two Rivers senators defect from PDP to APC during Senate plenary• Six...
News

Banks’ Weekly Borrowing from CBN Soars to ₦5.38 Trillion Amid Liquidity Crunch

Nigerian banks' weekly borrowing from the CBN has surged to ₦5.38 trillion, reflecting increased liquidity demand and economic challenges.
News

Naira Falls as External Reserves Dip Despite FX Reforms

The naira continues to fall amid declining external reserves, despite FX reforms by the Central Bank of Nigeria, raising concerns about the country's economic stability.
News

Major Shakeup at CBN: Over 90 Senior Staff Dismissed

The Central Bank of Nigeria has dismissed seven directors and over 90 senior management staff as part of a major restructuring to enhance operational efficiency and governance.
News

Nigerian Senator Urges Caution in Amending CBN Act

Senator Sani Musa calls for careful consideration in amending the CBN Act, emphasizing the need to preserve the Central Bank's autonomy for economic stability.
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Nigeria Enhances Oil Investment Appeal with FX Regulation Relaxation

LAGOS - Nigeria, Africa's largest oil producer, has unveiled new measures aimed at attracting...
News

Central Bank Enforces 0.5% Cybersecurity Levy on Electronic Transfers

Lagos, Nigeria (BusinessDay) – In a bid to bolster cybersecurity measures and protect electronic...
News

Emefiele to Face Trial for Alleged $2.14 Billion Forex Abuse in Lagos on Monday

The Governor of the Central Bank of Nigeria, Godwin Emefiele, is set to appear...
News

Naira Hits Record Low on Official Exchange, Nears N1,500/$ Mark

The naira plunges to a new all-time low on the official market, raising concerns over potential economic impacts and market stability.
Business

FG Seizes Control of 3 Major Banks Amid Regulatory Failures

Nigerian government seizes control of Union, Polaris, and Keystone Banks amidst regulatory and corporate governance crises.
Business

Supreme Court Extends Validity of Old and New Naira Notes

Nigeria's Supreme Court has ruled in favor of the indefinite legal tender status of both old and new naira notes, impacting the nation's economy.
Business

Nigeria’s Economic Woes Deepen Amid Inflation, FX Shortages

Amid soaring inflation rates and a dwindling foreign exchange (FX) reservoir, Nigeria's economic health...
Business

CBN Initiates New Measures to Stabilize Nigeria’s Forex Market

Nigeria's Central Bank (CBN) has unveiled fresh strategies aimed at bolstering the Naira, which...
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News

INEC Sets February 21 for Rivers Bye Elections

KEY POINTS • INEC schedules Rivers State bye elections for February 21, 2026• Vacancies arose...
News

Rivers Lawmakers Loyal to Wike Defect to APC in Major Shake Up

KEY POINTS • Two Rivers senators defect from PDP to APC during Senate plenary• Six...
News

Economic Hardship Debate Deepens As Radda Says FG Controls 52% Of Federation Revenue

Governor Dikko Radda says the Federal Government controls most federation revenue and should share responsibility for Nigeria’s economic hardship.
News

NBA, Atiku Call For Suspension Of New Tax Laws Over Alleged Gazette Alterations

The NBA and Atiku Abubakar are demanding suspension of Nigeria’s new tax laws over alleged post-passage alterations.

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