Kano security forces have warned Emirs Sanusi II and Aminu Ado Bayero of arrest over violations of the durbar ban and introduced a 72-hour notice rule.
Nigerian banks including Access Bank, UBA, Zenith Bank and Stanbic IBTC will close branches nationwide on October 1 for Independence Day celebrations.
CBN cuts MPR from 26.5% to 23%, potentially easing Nigeria’s debt burden and lowering business loan costs, but CPPE warns of FX market risks for firms and growth.
A Sterling Bank customer recovered his N50 stamp duty after his lawyer demanded a refund following a failed N25,000 transfer that was later reversed.
Femi Otedola’s fortune reaches $2bn as First HoldCo shares hit N162.80, lifting him above eight African billionaires after his N12.58bn share purchase in 2026.
The naira gained N5 in the black market to N1,385 per dollar as the Central Bank of Nigeria cut its benchmark interest rate by 350 basis points to 23%
Renowned economist Bismarck Rewane warned that the naira could depreciate after the CBN cut its MPR to 23%, as lower rates reduce returns on naira assets.
CPPE urged Nigerian banks to cut lending rates after the CBN reduced MPR to 23%, saying cheaper credit could boost investment and business growth.
Nigeria’s foreign exchange supply rose 20.5% to $8.94 billion in 2025, while the naira continued to record mixed movements against major currencies.
Nigeria's SEC plans stricter capital requirements for online forex and CFD brokers, with market makers facing N3 billion minimum paid-up capital.
A single Nigerian urban worker needs N372,300 monthly for basic living costs, over five times the N70,000 minimum wage, ahead of the 2027 review.
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