CBN Sets New Cash Withdrawal Limits Effective 2026
The Central Bank of Nigeria has announced revised cash withdrawal rules, setting new weekly limits for individuals and corporates to start in January 2026. Learn the new limits and fees.
Category : Business
CIBN Launches Ethics Summit on International Day of Banks
The CIBN has announced a new Annual Ethics and Professionalism Summit, aligning with the UN's International Day of Banks on December 4th. Discover how this initiative aims to strengthen trust and sustainable finance in Nigeria's banking sector.
Imo Hosts Major West African Economic Summit
Imo State hosts the Imo Invest Summit 2025, a major West African economic gathering featuring global leaders like Ban Ki-moon and President Boakai. The event aims to unlock investment in energy, tech, and infrastructure. Read more.
CIBN marks 2025 International Day of Banks
The Chartered Institute of Bankers of Nigeria commemorates the UN day, highlighting banks' role in sustainable development and cybersecurity amid rising digital threats. Read more.
AMCON Repays N3.6trn to CBN, Pursues 3,000 Court Cases
Nigeria's AMCON has repaid N3.6 trillion to the CBN from debt recovery and asset sales since 2010. The corporation still owes N3 trillion and is engaged in over 3,000 lawsuits. Read the full report.
Serbia's Oil Refinery Shutdown Could Cost for Years
Experts warn Serbia faces years of economic fallout, job losses, and budget risks after the shutdown of its only oil refinery due to US sanctions on Russian owners. Read the full analysis.
Stakeholders Push for Growth of Consulting in South-South
Industry leaders at Benin Consultants Convention call for expanding the consulting sector to tackle business challenges and drive economic growth in Nigeria's South-South region. Learn the strategies.
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.
Nigeria loses $363m yearly to EU beans ban
Nigeria loses over $360m annually due to the EU ban on dried beans exports, caused by dangerous pesticide levels. Stakeholders demand urgent agricultural reforms and seed preservation.
Turkey Warns Moscow, Kyiv on Energy Infrastructure
Turkey's Energy Minister warns Russia and Ukraine against targeting energy facilities after Black Sea drone attacks. Disruption would hit global markets and daily lives. Read more.
29-Year-Old Ex-Ballerina is World's Youngest Self-Made Female Billionaire
Luana Lopes Lara, a 29-year-old MIT graduate and former ballerina, co-founded prediction market firm Kalshi, now valued at $11 billion. Discover her incredible journey to the top.
Egypt's Sinai Tourism Project Alarms UNESCO, Locals
Egypt's $300m Saint Catherine tourism project is damaging a UNESCO World Heritage site and displacing the indigenous Bedouin community. Read about the controversy.
FIRS Explains 4% Levy, Says It's Not an Additional Tax
The FIRS clarifies that Nigeria's new 4% development levy consolidates existing charges, aims to simplify compliance, and boost investment. Learn how the tax reforms affect businesses and FTZs.
Eterna Plc Launches N21.52 Billion Rights Issue
Eterna Plc plans to raise N21.52 billion through a rights issue to fund expansion in retail, LPG, and aviation. Shareholders can buy 3 new shares for every 4 held. Read details.
AMCON pays N3.6tn to CBN, hits 87% recovery rate
Nigeria's AMCON has repaid N3.6 trillion to the CBN, achieving an 87% recovery rate. CEO Gbenga Alade reveals plans to trace global assets of debtors. Read the full report.
Africa Now a Global Hub for Innovation, Says LEAP Africa
At the 2025 Social Innovators Programme, LEAP Africa declared Africa a global innovation centre driven by youth. Discover the award winners and key insights.
CBN Enforces New Cash Withdrawal Limits & Fees
The Central Bank of Nigeria has announced new weekly cash withdrawal limits of N500,000 for individuals and N5m for corporates, with excess fees starting January 1, 2026. Read the full details.
Okonjo-Iweala, Oduwole Push for Services Trade Focus
WTO DG Ngozi Okonjo-Iweala and Nigeria's Minister Jumoke Oduwole warn developing countries that sidelining services trade risks growth. Africa holds just 2% of global share. Read more.
China Announces Zero-Tariff Policy for Nigerian Goods
China pledges zero-tariff access for Nigerian exports, accelerating economic ties. This move aims to deepen bilateral cooperation and mark 55 years of diplomatic relations. Explore the details and implications for Nigeria's trade future.
Power Outage Cripples Life in Adamawa, Taraba
A planned week-long power outage in Adamawa and Taraba states disrupts daily life and businesses. Residents face darkness as YEDC conducts critical maintenance. Read more.
Sterling Bank, PAU Partner to Certify Non-Oil Exporters
Sterling Bank and Pan-Atlantic University's EDC have signed an MoU to certify graduates of the Non-Oil Export Academy, aiming to build a globally competitive export community and diversify Nigeria's economy. Read how this initiative will empower Nigerian
FG, World Bank Commit to Social Protection Expansion
Nigeria and the World Bank pledge to deepen social safety nets and economic opportunities for the vulnerable. New NG-CARES phase to launch in January 2026. Read more.
German Plant Turns Beech Wood into Chemicals, Replacing Oil
A €1.3 billion German biorefinery is using beech wood biomass to make chemicals for tyres and clothing, aiming to cut fossil fuel reliance. Can this green gamble revive the struggling industry? Read more.
Asian Markets Struggle to Hold Fed-Inspired Rally
Asian markets lost early gains despite strong Fed rate cut bets. Tokyo rose, but Hong Kong, Shanghai, and Seoul fell. Get the latest on global market volatility.
Nigeria ranks 97th in global digital quality of life index
Nigeria's digital quality of life ranks 97th globally, with high internet costs a key barrier. Nigerians work 1 hour 41 mins monthly for mobile data, 14x more than Angola. Explore the full report.
Trump Rolls Back Biden's Car Mileage Standards
President Trump overturns Biden's fuel-economy rules, claiming it will lower car prices. Critics warn it will worsen climate change and increase fuel costs for drivers.
China to Implement Zero-Tariff on Nigerian Exports Early
China's Ambassador to Nigeria announces readiness to expedite zero-tariff policy for Nigerian goods, boosting trade ahead of 55th diplomatic anniversary and 2026 cultural exchanges. A major win for Nigeria's exporters.
US Hiring Data Points to Economic Weakness, Rate Cut Expected
Surprise US job losses in November, led by small businesses, signal economic weakness and raise expectations for a Federal Reserve interest rate cut. Get the full analysis.
Man retrieves lost laptop at Lagos MM2 Airport, hails FAAN
Yinka Ogunnubi recovered his lost laptop at MM2 Airport thanks to FAAN and AVSEC officials. Read his story of hope and commendation for Nigeria's aviation sector.
Trump Rolls Back Biden's Fuel Economy Standards
President Trump revokes tougher CAFE standards, aiming to cut new car costs by $1,000. The move, backed by Big Three CEOs, sparks debate on affordability versus climate goals.
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