Category: Finance

CBN sets 18 as minimum age for BVN registration

March 15, 2026

The Central Bank of Nigeria (CBN) has issued fresh directives to banks, financial institutions, and payment service providers aimed at strengthening electronic payment security, tightening oversight of the Bank Verification Number (BVN) system, and improving the management of dormant bank accounts and unclaimed funds. The directives were contained in three separate circulars released by the apex […]

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Kano Govt approves early payment of March salaries ahead of Eid el-Fitr

March 14, 2026

The Kano State Government has approved the immediate payment of March 2026 salaries to civil servants in the state to...

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Senate will pass 2026 appropriation bill on March 31, says Akpabio

March 13, 2026

Senate Press Godswill Akpabio says the upper legislative chamber will pass the 2026 appropriation bill on March 31. Akpabio spoke...

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CBN directs banks to block loan defaulters from accessing credit facilities

March 13, 2026

The Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from accessing credit...

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Tinubu urges Senate to confirm Taiwo Oyedele as minister

March 10, 2026

President Bola Tinubu on Tuesday asked the Senate to screen and confirm Mr Taiwo Oyedele as Minister of State for...

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Tinubu submits FCT budget to Senate for approval

March 10, 2026

President Bola Ahmed Tinubu has transmitted the 2026 statutory budget of the Federal Capital Territory Administration to the Nigerian Senate...

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CBN directs banks to sell $150,000 to BDCs weekly

February 11, 2026

The Central Bank of Nigeria (CBN) has permitted licensed bureau de change (BDC) operators to access foreign exchange from the...

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BREAKING: Tinubu, VP Shettima Meet World Bank Delegation in Abuja

February 3, 2026

President Bola Ahmed Tinubu, accompanied by Vice President Kashim Shettima, on Tuesday, February 3, 2026, received a high-level delegation from...

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FG to councils: ‘No bank loans without clearance’

February 3, 2026

The federal government has warned state and local governments across the country not to take loans from banks or other...

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Reps c’ttee moves to clear audit reports backlog

February 1, 2026

The Public Accounts Committee of the House of Representatives has resolved to tackle the longstanding backlog of federal audit reports,...

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Every individual must file tax returns by March 31 – Oyedele

January 31, 2026

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has urged Nigerians to file their annual...

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Senate eyes March 17 for passage of N58.47tn 2026 budget

January 30, 2026

The Senate has scheduled a high-level engagement with Nigeria’s economic managers as it intensifies scrutiny of President Bola Tinubu’s ₦58.47...

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ATM: CBN to introduce fresh debit card rules

January 25, 2026

The Central Bank of Nigeria (CBN) has announced plans to introduce a new regulatory framework aimed at easing debit card...

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Transfers above N10k: Banks to start charging N50 stamp duty from January 1

December 31, 2025

FOLLOWING the implementation of the Tax Act, banks will start charging senders a N50 stamp duty on electronic transfers of...

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Reps approve Tinubu’s request to borrow $2.35bn, issue $500m sovereign sukuk

October 30, 2025

The House of Representatives has approved President Bola Tinubu’s request to borrow $2.35 billion to finance part of the 2025...

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JUST IN: FATF removes Nigeria from global financial watchlist

October 24, 2025

The Financial Action Task Force has officially removed Nigeria from its list of jurisdictions under increased monitoring, also known as...

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Breaking: FG, States, LGs Share ₦2.103 Trillion From September Federation Account

October 17, 2025

The Federal Government, state governments, and local government councils have shared a total of ₦2.103 trillion from the September 2025...

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LG funds: Osun seeks to withdraw suit against CBN

October 17, 2025

The Osun Government on Friday filed a notice of withdrawal of the suit it instituted against the Central Bank of...

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Supreme Court To Deliver Judgment today In Osun’s Battle With Tinubu Govt Over LG Funds

October 14, 2025

The Supreme Court will deliver judgment on Tuesday, October 14, 2025, in the legal dispute between the Osun State Government...

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Presidency rejects World Bank’s poverty report

October 9, 2025

The Presidency has disputed the latest economic report by Nigeria’s biggest multilateral lender, the World Bank, which estimated that 139...

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Nigeria Seeks $2bn Chinese loan For Power Grid Overhaul

October 7, 2025

Nigeria is in talks with the Export-Import Bank of China (China Eximbank) for a $2 billion loan to finance the...

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FG Begins Payment of Pension Increments to Retirees

September 30, 2025

The Pension Transitional Arrangement Directorate (PTAD) has kicked off the implementation of recently approved pension increases for retirees under the...

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CBN reduces interest rate to 27%

September 23, 2025

For the first time since 2024, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), after a...

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Ibas rejects Assembly’s move to probe six-month spending

September 22, 2025

The immediate past Rivers State Administrator, Vice Admiral Ibok-Ete Ibas (retd.), and the Rivers State House of Assembly may be...

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FG may issue N758bn pension bond – PenCom

September 19, 2025

The Federal Government may issue a N758bn bond before the first week of October to clear outstanding pension liabilities, the...

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FG, states, LGs shared N2.2tn August revenue – FAAC

September 18, 2025

The Federation Account Allocation Committee on Wednesday said the Federal Government, states, and Local Government Councils shared a total of...

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Cash transfer: FG pays N330bn to 8.1m households

September 18, 2025

The Federal Government has announced that it has disbursed a total of N330bn to 8.1 million households across the country...

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Naira strengthens to 1,514/$, nears five-month high

September 8, 2025

The naira traded near a five-month high at 1514.86/$ on the official window at the close of last week, according...

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CBN hints at lower lending rates amid easing inflation

September 7, 2025

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has hinted that lending rates may decline in the...

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Bank customers decry incessant charges, want action from BCAN

September 7, 2025

Many bank customers have continued to complain about numerous debits from their accounts in spite of their appeals. Some of...

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