MURIC has criticised INEC over alleged incidents during the 2026 Osun governorship election and called for the removal of its chairman, Joash Amupitan.
The U.S. terminates Temporary Protected Status for Somalia and South Sudan, impacting thousands of immigrants facing uncertain futures and deportation risks.
Nigerian banks including GTB will close branches for the holiday and have urged customers to use ATMs, mobile apps, internet banking, and USSD channels.
Nigerian banks have described a viral claim of planned bank shutdowns as a result of the recapitalisation drive of CBN as misleading and aimed at causing panic
Black market traders adjusted dollar prices as the naira strengthened at the official market, supported by Central Bank of Nigeria interventions.
Nigeria’s banks are racing to meet the CBN’s March 31, 2026 recapitalisation deadline, with 16 compliant, mergers emerging, and ACAMB dismissing rumours as false.
The naira fell by N10 against the US dollar last week as Nigeria’s external reserves declined, highlighting continued demand pressure and market volatility.
Banks in Nigeria have warned Nigerians against using public Wi-Fi for transfers and other financial transactions, especially during the festive season.
The CBN expects the naira to remain stable into 2026 as inflation slows, borrowing costs ease, and measured interventions help cushion pressures.
Elon Musk’s net worth jumped to $749 billion, nearly $500 billion more than Larry Page, driven by Tesla stock options, SpaceX value, and a record pay package.
The CBN ordered banks to fully accept foreign cards nationwide, ensuring uninterrupted and efficient transactions for tourists and Nigerians returning from abroad.
Money
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