Category: Finance

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 Nigerian Foreign Exchange Market (NFEM) through authorised dealer banks. CBN announced on Tuesday in a circular signed by Musa Narkoji, director of the trade and exchange department, and addressed to all authorised dealer banks and […]

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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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FG seeks fresh $1.75bn World Bank loan

September 5, 2025

The Federal Government plans to increase its borrowing despite a significant 40.5 per cent surge in revenue for the first...

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Osun ALGON challenges CBN over LG account signatories

September 5, 2025

The Association of Local Governments of Nigeria, Osun State chapter, has accused the Central Bank of Nigeria of colluding with...

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Apex Bank Orders Geo-Tagging of PoS Terminals

August 27, 2025

The Central Bank of Nigeria (CBN) has directed that all Point of Sale (PoS) terminals in the country begin geo-tagged...

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Just-In: President Tinubu Unveils New Personal Income Tax Calculator For Nigerians

August 22, 2025

President Bola Ahmed Tinubu has announced the launch of a Personal Income Tax Calculator, which will enable Nigerians to assess how the...

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Osun warns accounting officers against ignoring audit queries

August 21, 2025

Osun State Government has warned accounting officers and Permanent Secretaries in the state against ignoring audit queries whenever such arise....

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Adeleke Urges FG To Release Osun LG Funds After NBA, Obas’ Intervention

August 20, 2025

Governor Ademola Adeleke has welcomed the intervention of the Osun State Council of Obas, the Nigerian Bar Association (NBA), and...

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