MURIC has criticised INEC over alleged incidents during the 2026 Osun governorship election and called for the removal of its chairman, Joash Amupitan.
The CBN's new money-market rules enhance banks' access to funding, allowing individuals and companies direct participation in OMO auctions for greater investments.
The CBN mandates banks, fintechs, and financial institutions to deploy automated AML systems, using AI and real-time monitoring, with strict compliance deadlines.
Nigerian industrialist Abdulsamad Rabiu has recorded the highest wealth gain among Africa’s billionaires after his net worth climbed sharply over the past year.
Travellers to Canada carrying CAN$10,000 or more in cash or monetary instruments must declare it to avoid seizure, fines, or legal consequences under CBSA rules.
The naira fell to N1,425 per US dollar in the official market and N1,430 in the parallel market amid rising dollar demand and Middle East tensions.
FCMB Group Plc has announced the successful completion of a capital-raising programme undertaken to strengthen the financial position of its subsidiary, FCMB Limited
Four Nigerians, Dangote, Rabiu, Adenuga, and Otedola, rank among Africa’s richest in the 2026 Forbes list as billionaire wealth across the continent rises sharply.
The naira dropped again against the US dollar, pound, and euro, with GTBank confirming declining rates despite CBN’s $300 million forex intervention.
The CBN has disclosed that 30 commercial banks in the country have already met the new minimum capital requirements introduced as part of the banking sector reforms.
Nigerian banks have released updated interest rates, showing wide differences between prime and maximum rates after CBN MPC meeting held in Abuja.
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