Naira Depreciates as Dollar Demand Outpaces CBN Supply
The Nigerian naira weakened further at the official forex market, trading at ₦1,457.84 per dollar. Analysts cite weak inflows and high demand, but remain hopeful due to strong external reserves.
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Customs Slaps Banks with Penalty for Late Revenue Remittance
The Nigeria Customs Service warns designated banks over delayed remittance of collected revenue. Defaulters face a penalty interest of 3% above NIBOR. Details inside.
Customs Imposes 3% Penalty on Banks for Late Duty Remittances
The Nigeria Customs Service announces a 3% penalty for banks delaying stamp duty remittances. Defaulters risk public exposure and deactivation from the B'odogwu platform. Read the full details.
Naira Falls at Official, Black Market Amid Thin Dollar Supply
The Naira depreciated against the US dollar, closing at N1,455.49/$1 in the official market. Pressure mounts due to reduced FX inflows and limited CBN intervention. Get the latest rates and analysis.
Senate Approves CBN 2026 Exchange Rate, Cuts Oil Price
Nigeria's Senate has approved the CBN's exchange rate projection of N1,512/$ for 2026 and reduced the oil price benchmark to $60 per barrel. Get the full details on the 2026-2028 MTEF framework.
AFRIMA, UK Partner to Boost African Music Exchange
Ahead of the 9th All Africa Music Awards in Lagos, AFRIMA and the British High Commission sign a Cultural Cooperation Agreement to strengthen creative ties and open global doors for African music.
Naira Rate Gap Widens as Dollar Demand Rises
The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.
John Terry's Darkest Hour: 2008 UCL Penalty Miss
Ex-Chelsea captain John Terry opens up on severe distress and suicidal thoughts after his 2008 Champions League final penalty miss. He details the long road to recovery.
CBN's $250M Intervention Lifts Naira in Forex Market
The Naira rebounds as CBN injects $250 million into the forex market, narrowing the gap between official and parallel rates. Read the full analysis of the intervention's impact.
John Terry Reveals He Considered Suicide After UCL Final Miss
Chelsea legend John Terry opens up about his darkest moment, contemplating suicide from a 25th-floor hotel window after his 2008 Champions League final penalty miss. Read his emotional story.
CBN Injects $250M to Stabilise Naira as Reserves Hit $45.4B
The Central Bank of Nigeria intervenes with $250 million to ease dollar scarcity and steady the naira. Nigeria's FX reserves rise to a six-year high of $45.44 billion, strengthening the CBN's hand. Read the full analysis.
Naira resilient despite festive dollar demand surge
The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.
Naira Drops to N1,454/$1 Amid Festive Dollar Demand
The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.
Student Burned Alive in Vienna Crypto Extortion
A Ukrainian student was tortured and burned alive in Vienna after being forced to hand over cryptocurrency. Two suspects, including a fellow student, have been arrested. Read the shocking details.
Amnesty Condemns Burkina Faso's Death Penalty Plan
Amnesty International urges Burkina Faso's military junta to halt plans to reinstate the death penalty for treason and terrorism, warning it reverses abolition progress. Read more.
Lecturer Penalizes Student for AI-Written Project
A Nigerian lecturer's viral video shows her cancelling a student's entire project for using ChatGPT word-for-word. She explains the smart way to use AI for academic work. Read more.
Burkina Faso Junta Brings Back Death Penalty
Burkina Faso's military rulers announce the return of the death penalty for treason and terrorism, alongside new anti-LGBTQ laws. Get the full details on this major policy shift.
FG Sets 2026 Budget Exchange Rate at N1,512/$1
The Federal Government has announced a N1,512 to $1 exchange rate for the 2026 budget. Discover the key projections for oil, revenue, and spending in the new fiscal framework.
NASS Seeks Death Penalty for Kidnappers, Naming of Sponsors
Nigeria's National Assembly intensifies its fight against insecurity, demanding capital punishment for kidnappers and the public prosecution of terrorism financiers. Read the latest developments.
Naira Depreciates as FX Gap Between Official, Parallel Markets Widens
Fresh instability hits Nigeria's forex market as the naira weakens on the parallel market, widening the gap with official rates despite rising external reserves. Get the latest data and analysis.
82 Nigerian Women on Death Row, Group Seeks Halt
ASF France reveals 82 Nigerian women face execution, highlighting gender bias and poverty in the justice system. Advocates demand a moratorium and recognition of domestic violence as a mitigating factor.
Christmas Cash Demand Hits New Highs in Nigeria
Nigerians are scrambling for physical cash ahead of Christmas, driven by fears of ATM downtimes. The CBN tightens oversight as over N4.4 trillion remains outside banks. Read the full analysis.
IXPN Links Digital Economy to Local Internet Traffic
IXPN's MD, Muhammed Rudman, says localising internet traffic is vital for Nigeria's digital economy, boosting speed, security, and saving millions. Learn why this is a national imperative.
Crypto Fraudsters Tortured, Killed in UAE Over £380M
A Russian couple, convicted crypto fraudsters, were lured, tortured, and killed in the UAE after kidnappers failed to access £380 million in digital wallets. Three suspects arrested.
Nigeria's $2.25bn Eurobond Oversubscribed, Signals Investor Confidence
Nigeria raises $2.25bn via a heavily oversubscribed Eurobond, attracting over $13bn in orders. Analysts credit recent fiscal reforms and FX liberalisation for renewed global investor confidence in Africa's largest economy.
Naira Strengthens as Dollar Inflows Surge Over 64%
The Nigerian Naira receives a significant boost as dollar inflows into the FX market jump by 64.24% to $841.10 million, improving liquidity and strengthening the official rate. Read the full analysis.
Lagos Tenancy Bill 2025: Offences & Penalties Detailed
The proposed Lagos State 2025 Tenancy Bill introduces strict penalties, including fines up to N1,000,000 and imprisonment, to curb exploitative housing practices. Learn the key offences for landlords, agents, and tenants.
Naira Weakens Against Dollar in Official, Black Markets
The Nigerian naira depreciated against the US dollar on Monday, December 1, dropping to N1,448.44/$1. Despite rising foreign reserves, currency pressure persists. Full details inside.
SEC Nigeria's Reforms Fuel Historic Market Growth
The Securities and Exchange Commission (SEC) Nigeria is transforming the capital market with new laws, investor protection, and tech. Market cap hit N91.3 trillion in November 2025. Discover the blueprint for economic prosperity.
Mother tricks daughter, swaps $20 gift for N460
A Nigerian mother's viral TikTok video shows her exchanging her daughter's $20 gift for just N460. The story sparks online debate about parenting and financial literacy. Read the full story and reactions.
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