Nigerian banks like Access, UBA, GTB enforce new CBN cash withdrawal limits from Jan 1, 2026. Weekly limits set at N500k for individuals, N5m for corporates, with fees for excess. Details inside.
Nigerian banks implement a 10% withholding tax on foreign currency deposit interest from Jan 1, 2026. Learn how this new tax law affects your dollar account and who is exempt.
The Nigerian naira appreciated 6.5% in 2025, marking its first annual gain in 13 years. Discover how CBN reforms and FX reserves growth fueled this historic turnaround.
Several people have been killed as cost-of-living protests in Iran turn violent, marking the country's most serious unrest in three years. Stay informed on the escalating crisis.
Thieves executed a sophisticated heist on a German bank vault over Christmas, stealing £30 million in gold and valuables. Details of the 'Ocean's Eleven'-style robbery revealed.
South Sudanese pound and Ethiopian birr lead Africa's worst-performing currencies in 2025, losing over 10% vs dollar. See why the Naira avoided the bottom 10 despite its struggles.
NAICOM insists the July 30, 2026, recapitalisation deadline is fixed by law. NDIC says remitting 50% of earnings to govt hampers its Deposit Insurance Fund growth. Read the full details.
NDIC reaffirms strict adherence to fiscal regulations while seeking exemption from a 50% cost-to-income policy to build a robust fund for protecting depositors. Learn about the strategic talks with MOFI.
The Central Bank of Nigeria has revised its cash withdrawal and deposit policies, effective January 1, 2026. Learn the 5 major changes, including new limits and fees.
Nigeria's forex market is rapidly evolving with deeper liquidity, smoother mobile access, and easier funding. Learn what this means for traders in Lagos, Abuja, and Port Harcourt and how to navigate the new conditions for success.
A Nigerian man's heartbreaking self-tribute before dying from a heart condition has gone viral, exposing demands for N2m deposits by Lagos hospitals and a failing healthcare system. Read his full story.
The Naira extended its gains against the US dollar, reaching N1,449.99/$1 in the official market. Analysts from SBM Intelligence and Citibank provide contrasting forecasts for the currency's exchange rate in 2026.
Access Holdings plans a N40bn private placement in foreign currency to meet CBN's recapitalisation rules and fund expansion. The move comes as the March deadline nears.
Kingsley Aneke's tragic death highlights Nigeria's healthcare crisis. His self-penned obituary blames hospital strikes and upfront payment demands. Read his powerful final plea for change.
Fuji star King Saheed Osupa's performance at Seyi Tinubu's coronation as Okanlomo of Yorubaland wows fans, leading to comparisons and jabs at colleague Taye Currency. Get the full story and reactions.
Plans to mine Europe's largest rare earth deposit in Norway face delays over environmental fears for endangered beetles and mosses. Discover the clash between green energy goals and conservation.
Nigeria's EFCC arrests five herbalists in Osun and Lagos for fraud involving counterfeit dollars and euros. Suspects promised spiritual currency conjuring. Full story.
The NDIC has initiated a payout of up to N2 million per depositor for customers of Aso Savings and Union Homes. Learn about the verification process and what happens to balances above the insured limit.
CBN revokes Aso Savings & Union Homes licences for regulatory breaches. NDIC starts insured deposit payments up to N2m. Learn how to claim your funds.
NDIC MD reassures depositors of N5m insurance cover, details collaboration with CBN for supervision, and warns against Ponzi schemes. Read key insights from Kano Trade Fair.
NDIC MD reassures Nigerians of deposit safety with up to ₦5m insurance. He warns against Ponzi schemes and details collaboration with CBN for banking stability. Visit their Trade Fair pavilion for more.
Nigeria's Central Bank has abolished cash deposit limits and raised weekly withdrawal thresholds to N500k for individuals. New policy takes effect January 2026.
Ten Nigerian banks recorded over N33.24 trillion in savings deposits by September 2025, a 6.8% annual increase. See which Tier-2 banks led the growth and the latest CBN savings rates.
Naira strengthens against US dollar in official market, closing at N1,453.84/$1 after CBN's $250 million intervention. Get latest forex updates and market analysis.
An armed thief, posing as a delivery worker, invaded a San Francisco home, tied up the owner, and stole $11 million in cryptocurrency. Learn about this alarming trend targeting crypto investors.
Central Bank of Nigeria urges citizens to stop spraying, mutilating naira notes during festive period. CBN describes currency as vital national symbol requiring proper handling.
Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.
Nigeria's new tax reform mandates taxation on virtual currencies while exempting capital market gains. Chairman Taiwo Oyedele urges young investors to consider regulated markets.
The Central Bank of Nigeria has warned citizens against the abuse of the Naira, stating that spraying, hawking, or mutilating the currency is a punishable offence. Respect our national symbol.
Bitcoin value plunges 25% from October peak, falling below $90,000. Discover why investors are fleeing crypto amid trade war fears and Fed uncertainty. Stay informed!