The Deputy Governor of Kano State, Comrade Aminu Abdussalam Gwarzo, on Friday, March 27, 2026, tendered his resignation letter from his position.
The Central Bank of Nigeria (CBN) has instructed commercial banks to deny additional credit facilities to borrowers who have failed to repay existing loans.
The naira fell slightly against the US dollar, pound, and euro as the CBN intervened, buying dollars to stabilize the currency amid market pressures.
Nigeria’s naira strengthened by N10 in the black market after the CBN cut its benchmark interest rate to 26.5%, boosting investor optimism amid FX concerns.
Abdul Samad Rabiu has rejoined the Bloomberg Billionaires Index after a $5 billion net worth surge driven by strong performances of BUA Cement and BUA Foods.
The LCCI has welcomed the decision of the Central Bank of Nigeria to reduce the Monetary Policy Rate (interest rate) by 50 basis points to 26.50 per cent.
The EFCC has arrested a man identified as Callistus Okeke over allegations that he defrauded two individuals of N369.3 million through separate transactions.
A Nigerian court has ordered Muhammadu Indimi’s Oriental Energy to pay his twin daughters after ruling they were unfairly denied dividend entitlements.
President Bola Tinubu said the naira could strengthen to N1,000 per dollar within weeks, citing reforms and Central Bank of Nigeria intervention.
BDC operators have raised the dollar above N1,400, selling at N1,428, as rising demand and limited supply intensified pressure on the naira in the FX market.
A fresh study by Moniepoint has shown that electronic transfers have overtaken cash as the dominant payment method in Nigeria’s nightlife economy.
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