Pascal Oparada
6347 articles published since 29 Nov 2021
6347 articles published since 29 Nov 2021
Nigeria's economy faces a tighter foreign exchange market and rising living costs in 2026, with digital finance growing amid challenges in consumer protection.
The CBN's $7.53 billion intervention stabilised the naira, noting a 7.14% gain in 2025, reversing past deficits with a $4.60 billion balance of payments surplus.
Applications are now open for the FGN–ALAT Digital Skillnovation Programme, empowering young Nigerians with vital digital skills for entrepreneurship.
Nigeria's banks shutter 229 branches as digital banking thrives, with PoS transactions surging 33%. 1.8 million operators face shutdown as registration mandates loom
NCDMB launches the Nigerian Content Research, Innovation and Technology Challenge to enhance local energy solutions and promote innovative ideas in oil and gas.
Over 66,000 Starlink users in Nigeria face potential service cuts if they fail biometric registration by December 31, 2025, following NCC's extension deadline.
Nigeria's current account surplus narrows to $3.42bn despite rising crude oil and refined petroleum exports, as remittances provide vital external support.
Nigerian banks introduce a 10% withholding tax on foreign currency deposit interest from January 1, 2026, amidst President Tinubu's tax reforms for a fairer system.
The naira appreciates 6.5% in 2025, led by CBN reforms and improved FX liquidity, yet structural vulnerabilities keep economists cautiously optimistic.
Pascal Oparada
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