Bank transfers: Senders to pay N50 stamp duty from January 1, 2026
Banks have notified their customers of the N50 Electronic Money Transfer Levy (EMTL) on the New Tax Act (NTA) 2025 that will take effect on January 1, 2026. Specifically, United…
Dollar to Naira exchange rate for October 24, 2025
The naira held firm at the official Nigerian Foreign Exchange Market (NFEM) fixing while continuing to trade weaker on the parallel (black) market on Friday. At the NFEM (Investors &…
Shehu Sani labels World Bank, IMF ‘witches and wizards’ behind Nigeria’s economic hardship
Former lawmaker and human rights activist, Senator Shehu Sani, has criticised the World Bank and International Monetary Fund (IMF), describing the Bretton Woods institutions as “the witches and wizards” behind…
Naira depreciates against US dollar
The Naira recorded depreciation against the dollar at the official foreign exchange rate market on Wednesday. The Central Bank of Nigeria’s data showed that the Naira dropped to N1,494.03 per…
FCCPC: Loan apps face N100m fine for consumer abuse, data privacy violations
The Federal Competition and Consumer Protection Commission (FCCPC) has officially issued the Digital, Electronic, Online, or Non-Traditional Consumer Lending Regulations (DEON Consumer Lending Regulation), 2025, to address longstanding consumer complaints…
Nigeria’s diaspora inflow increases to $600m monthly – CBN Governor Cardoso
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that diaspora remittance inflow into the country increased from $200 million to $600 million monthly. He disclosed this…
EFCC: How I rejected $7,000 bribe for access to hack Premium Trust Bank — Witness
A prosecution witness, Mr Ajayi Michael Folaseye, on Monday, told the Federal High Court in Lagos how he rejected a $7,000 bribe allegedly offered by a colleague seeking to illegally…
Posted inBanking News World News
UK: What to know about Nationwide’s £100 free cash payout
Millions of Nationwide Building Society customers in the UK are about to receive £100 in free cash. This is part of the building society’s Fairer Share programme, which rewards loyal…
Posted inAfrica Agriculture Banking
FULL TEXT: Tinubu speaks on his mid-term performance, says security, economy improving
To mark the second anniversary of his administration, President Bola Tinubu issued a statement to say indices on key sectors are looking good. Below is the full text. Fellow Nigerians,…
BREAKING: FCTA seals Access Bank, Total filling station over unpaid ground rent
The Federal Capital Territory Administration (FCTA) has sealed an Access Bank branch and a Total petrol station located in Wuse, Abuja, due to the non-payment of ground spanning 34 years.…
