Tension has gripped a major community far from Sokoto, where US recently bombed terrorist hideout as a missile was discovered in another northern state.
The naira opened higher on Monday, gaining against the US dollar, pound, and euro, supported by rising reserves, foreign investments, and expected CBN interventions.
All social media of Nigerian Bank has been deleted after the Central Bank of Nigeria approved the merger of Titan Trust and Union Bank of Nigeria.
The Nigerian Exchange ended the week higher as Financial Services and ICT stocks led gains, with 7.821 billion shares traded and positive market breadth.
The naira gained on the forex market, supported by rising external reserves, improved FX liquidity, and Nigeria exiting Africa’s worst-performing currencies list.
Nigeria’s new tax framework, effective January 2026, clearly defines obligations for citizens, businesses, self-employed, asset owners, and foreign companies.
The naira gained over N100 against the US dollar in 2025, boosted by rising reserves, policy reforms, and the Central Bank of Nigeria interventions.
Nigeria’s richest men added billions in 2026, as Forbes data shows Dangote doubling wealth, pushing top four fortunes to $43bn despite inflation pressures.
Major Nigerian banks have alerted customers that from January 1, 2026, transfers of N10,000+ attract N50 stamp duty payable by the sender and list exemptions.
Nigeria’s Tax ID Portal launches ahead of January 2026 reforms, enabling taxpayers to retrieve 13-digit Tax IDs via NIN or CAC for seamless compliance.
Starting January 1, 2026, Nigerian banks will charge a N50 stamp duty on electronic transfers of N10,000 and above, excluding salaries and intra-bank transfers.
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