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 Nigerian stock market closed bullish on Christmas Eve as the All-Share Index rose, adding N228.37 billion to investors’ wealth and lifting market capitalisation.
Nigerian banks have warned customers to stay vigilant this festive season as fraudsters deploy fake apps, phishing messages, and social engineering tactics to steal.
The naira strengthens against major currencies, boosted by CBN interventions and enhanced liquidity. Analysts project exchange rate trends for 2026.
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.
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