A Federal High Court in Gusau has taken a major action on the suit challenging the outcome of the APC senatorial primary in a major political development.
Naira weakens slightly against dollar in official and parallel markets amid mixed performance, rising FX turnover, and expectations of improved CBN market reforms.
The Central Bank of Nigeria said foreign exchange remittances will not cover nursery, primary, secondary, foundation, or A-level education programmes abroad.
Nigerian banks earned N209.18bn from account maintenance charges in the first quarter of 2026, up 14.07%, driven by strong fee income across major listed lenders.
Nigeria’s capital importation rose in Q1 2026, driven by portfolio investment dominance, banking inflows, and strong contributions from the United Kingdom.
The CBN’s new Foreign Exchange Manual outlines updated forex rules, enhancing transparency and compliance with seven key changes for Nigeria's forex market in 2026.
CBN faces renewed pressure as the naira fluctuates across official and parallel markets amid rising dollar demand, global oil price changes, and forex instability.
CBN has approved Abbey Mortgage Bank Plc’s transition into commercial banking, enabling expansion into retail, SME, corporate, and digital financial services.
Nigerian banks are easing international spending limits on naira debit cards as FX liquidity improves, reflecting enhanced foreign exchange stability.
CBN reports personal loans rose to N1.96tn in January 2026, driving consumer credit growth and revealing varied lending rates across Nigerian banks.
CBN extends PoS geo-fencing compliance deadline and increases operating radius to 70 metres to ease implementation challenges across the payment ecosystem.
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