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Gbenga Daniel says Ijebu Remo State Bid Near Agreement as Talks Intensify in Ogun

KEY POINTS • Daniel says lawmakers are nearing agreement on the proposed Ijebu Remo state•...
News

Video of Olubadan Declining Alaafin Handshake Sparks Fresh Debate Over Yoruba Traditional Hierarchy

KEY POINTS • Viral footage from an Ibadan event shows the Olubadan ignoring a handshake...
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.
News

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

Gbenga Daniel says Ijebu Remo State Bid Near Agreement as Talks Intensify in Ogun

KEY POINTS • Daniel says lawmakers are nearing agreement on the proposed Ijebu Remo state•...
News

Video of Olubadan Declining Alaafin Handshake Sparks Fresh Debate Over Yoruba Traditional Hierarchy

KEY POINTS • Viral footage from an Ibadan event shows the Olubadan ignoring a handshake...
News

New Awujale to Emerge Within a Month as Ijebu Ruling House Screens 86 Nominees

KEY POINTS Fusengbuwa Ruling House says screening of 86 nominees for Awujale has been...
News

Nigeria DisCos Collected N210 Billion in October, NERC Says

Nigeria’s DisCos collected N210 billion in October 2025, according to NERC, as billing gaps and subsidies continued to weigh on electricity sector finances.

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