CBN Revises Cash Withdrawal Rules: What Nigerians Need to Know (Effective January 2026) Join our WhatsApp group The Central Bank of Nigeria (CBN) has announced a significant revision to its cash withdrawal policies, effective January 1, 2026. These changes are…
FG Urges Nigerians to Report VIPs Flouting Police Escort Withdrawal Order The Federal Government has issued a direct appeal to Nigerian citizens, urging them to actively monitor and report any Very Important Persons (VIPs) found flouting the presidential directive regarding…
Bitcoin Plunges Below $86K as December Opens with High Selling Pressure Bitcoin, the flagship cryptocurrency, experienced a volatile start to December, dropping as much as 6% on Monday to breach the crucial $86,000 support level during early Asian trading. The…
Nigerian Resident Doctors Suspend Nationwide Strike After 29 Days The Nigerian Association of Resident Doctors (NARD) has suspended its nationwide indefinite strike, bringing an end to 29 days of industrial action that began on November 1. The decision was reached…
NMDPRA Report: Nigeria’s Daily Petrol Consumption Peaks at 56.7 Million Litres in October. Join our WhatsApp group Nigeria’s daily consumption of Premium Motor Spirit (PMS), or petrol, reached an average of 56.74 million litres in October 2025. This figure, released…
The Central Bank of Nigeria(CBN) has issued a strong warning asking all banks, payment service banks, and other regulated financial institutions to immediately withdraw any advertisement or promotional material that does not comply with established consumer-protection and fair-marketing standards. This…
Nigeria’s Corporate Income Tax Soars 40% to ₦2.78 Trillion in Q2 2025 Nigeria’s Company Income Tax (CIT) revenue demonstrated significant growth in the second quarter of 2025, reaching a robust ₦2.78 trillion. This figure, reported by the National Bureau of…
FIRS Announces Three-Day IT Shutdown for System Maintenance and Upgrades The Federal Inland Revenue Service (FIRS) has issued a public notice announcing a temporary, three-day shutdown of its entire information technology (IT) ecosystem. This mandatory downtime will affect all FIRS…
AfDB Approves $500 Million Loan for Nigeria’s Economic Governance and Energy Transition The African Development Bank Group (AfDB) has committed significant support to Nigeria’s reform agenda, approving a $500 million policy-based loan. This financing is designated for the second phase…
Condom distribution in Nigeria has decreased by 55% over the past year, according to a report from the Joint United Nations Programme on HIV/AIDS (UNAIDS), indicating a major barrier in the fight against HIV. This information was revealed by the…
FCCPC Caps Digital Lenders at Five Apps Amid Industry Consolidation Deadline The Federal Competition and Consumer Protection Commission (FCCPC) is instituting a major regulatory overhaul of Nigeria’s digital lending sector. The Commission has issued new guidelines capping the number of…
CBN Proposes Strict Five-Year Ban for Repeat Dud Cheque Offenders The Central Bank of Nigeria (CBN) is moving to drastically curb financial indiscipline within the banking sector. The CBN has released a new exposure draft titled Guidelines on the Treatment…
Financial Accountability Crisis: NNPC Embroiled in ₦61.1 Billion Missing Payments Scandal The Nigerian National Petroleum Company Limited (NNPC Ltd.) is once again facing a severe financial accountability crisis. A devastating 808-page audit report from the Office of the Auditor-General of…
FIRS Rejects Atiku’s Claims of Monopoly Over National Revenue Collection The Federal Inland Revenue Service (FIRS) has strongly refuted allegations made by former Vice President Atiku Abubakar, who claimed that a private firm, Xpress Payments Solutions Limited, has been granted…
The Nigeria Civil Aviation Authority (NCAA) has fined Qatar Airways N5 million for consumer protection-related infractions. The NCAA charged Qatar Airways on September 19 with disregarding Nigerian passengers and breaking consumer protection laws. The authorities threatened to impose severe penalties…
