President Bola Tinubu has mentioned the names of three top performing northern governors in the area of insecurity while speaking in Abuja on Monday.
The CBN has said that Nigeria’s financial technology sector is largely reliant on foreign capital, despite its leading role in Africa’s digital finance space.
The CBN withdrew about N3.7 trillion from the banking system through NTB and OMO sales, widening liquidity deficit in the banking system to N2.5 trillion.
The Naira gained in official FX markets, fell in the black market at N1,487/$, while analysts expect stability amid $46.01 billion external reserves.
Moniepoint has announced new job openings, including technical and administrative roles, as it expands nationwide following the CBN licence upgrade.
The CBN will introduce new rules linking debit card issuance to ATM capacity, aiming to improve cash access as Nigerians hold record N5.4 trillion outside banks.
The Lagos State Internal Revenue Service (LIRS) has warned individuals and businesses against engaging in artificial or fictitious transactions to reduce taxes.
The Nigerian currency has weakened in official and parallel markets amid forex supply pressures, while rising external reserves offered limited support.
The Lagos State Government, through LIRS, will use the NTAA 2025 to recover unpaid taxes from taxpayers via third parties including families, friends.
Nigerian economist Bismarck Rewane says Nigerian currency is undervalued, with a fair value higher than the current rate, urging cautious FX management.
CBN resolves 9,771 of 10,704 customer complaints in H1 2025, highlighting a 143.3% rise in complaints. Key issues involve electronic transactions and fraud.
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