President Bola Tinubu has given a fresh update on the federal allocations going to state and local governments amid the controversies on the councils' autonomy.
Titan Trust Bank has ceased operations after merging with Union Bank following approval from the Central Bank of Nigeria, with all customer accounts now transferred.
The naira gained on the forex market, supported by rising external reserves, improved FX liquidity, and Nigeria exiting Africa’s worst-performing currencies list.
Nigeria’s new tax framework, effective January 2026, clearly defines obligations for citizens, businesses, self-employed, asset owners, and foreign companies.
Nigerian banks announced that weekly cash withdrawals will have limits, with fees for excess amounts, ATM caps, and encouragement to use digital channels.
The naira gained over N100 against the US dollar in 2025, boosted by rising reserves, policy reforms, and the Central Bank of Nigeria interventions.
Nigeria’s richest men added billions in 2026, as Forbes data shows Dangote doubling wealth, pushing top four fortunes to $43bn despite inflation pressures.
Major Nigerian banks have alerted customers that from January 1, 2026, transfers of N10,000+ attract N50 stamp duty payable by the sender and list exemptions.
Nigeria’s Tax ID Portal launches ahead of January 2026 reforms, enabling taxpayers to retrieve 13-digit Tax IDs via NIN or CAC for seamless compliance.
Nigeria’s tax reform will use digital banking data, making accurate transfer narrations crucial to avoid overpayment, audits, penalties, and confusion nationwide.
Starting January 1, 2026, Nigerian banks will charge a N50 stamp duty on electronic transfers of N10,000 and above, excluding salaries and intra-bank transfers.
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