The Central Bank of Nigeria (CBN) has issued a new directive requiring banks and payment service providers to respond to suspicious transactions within 30 minutes. The move is part of a 2026 strategic push to achieve measurable reductions in electronic…
The Benin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) on Monday handed over N802,420,000 (Eight Hundred and Two Million, Four Hundred and Twenty Thousand Naira only) to First Bank Nigeria Plc, following the recovery of funds misappropriated…
The Central Bank of Nigeria (CBN) has announced a major overhaul of its cash withdrawal and deposit regulations, effective January 1, 2026, in a move aimed at easing liquidity pressures and improving access to cash for both businesses and individuals…
The Nigerian Senate has passed the Informal Sector Employment Regulation Bill, 2025 a landmark piece of legislation aimed at protecting millions of domestic workers, apprentices, and interns from sexual abuse, exploitation, hazardous work conditions and unpaid labour. The bill, presented…
The sugar-sweetened beverage (SSB) industry loves a good photograph. A group of people in bright shirts gather on a beach, collecting bottles into neat bags. The picture travels online, framed as proof of corporate care for the planet. In Nigeria,…
The Corporate Accountability and Public Participation Africa (CAPPA) has commended the Federal Government’s decision to develop a draft policy that will earmark revenues from excise taxes on alcohol, tobacco, and sugar-sweetened beverages (SSBs) for health financing. It described the initiative…
Sidi Ould Tah of Mauritania has been elected as the ninth President of the African Development Bank Group (AfDB), marking a new chapter for the continent’s premier financial institution. The announcement was made during the Bank’s Annual Meetings in Abidjan,…
By Royal Ibeh | Vivo has officially unveiled its latest flagship smartphone, the Vivo V40, boasting significant advancements in mobile portrait photography. CEO of vivo Nigeria, Mr. Toni liu, “With V40, we’ve focused on blending powerful mobile portrait photography, lasting…
Story Summary: Nigerian petroleum marketers are demanding transparency from Dangote Refinery regarding the price at which it sold petrol to the Nigerian National Petroleum Company Limited (NNPCL). NNPCL announced new petrol prices, with costs ranging from N950.22 per litre in…
Story Summary: Human rights lawyer, Femi Falana, SAN, has criticised the Nigerian National Petroleum Company Limited (NNPCL) for setting the price of petrol produced by the Dangote Refinery, stating that it violates Section 205 of the Petroleum Industry Act (PIA),…
