The Federal Government is trying to hold the line on two major household costs as Nigerians continue to deal with higher living expenses: electricity tariffs and petrol prices. On September 21, 2026, the Minister of Power, Joseph Tegbe, said there were no plans to increase electricity tariffs for now, following reports that another hike could…
The CBN terrorism financing supervision 2026 push is putting Nigerian banks and other financial institutions under closer scrutiny as the Central Bank of Nigeria moves to strengthen controls against the use of the financial system to fund terrorism. In a September 8 statement, the CBN said terrorism financing supervision had become a current supervisory priority….
The EFCC N1.23 trillion recovery announced by the Economic and Financial Crimes Commission is drawing attention not only because of the size of the figure, but because of what happens to the money and assets after they are recovered. EFCC Chairman Ola Olukoyede said the commission recovered N1.233 trillion, $684.48 million, £373,905.78 and €9.34 million…
Nigeria’s foreign reserves have climbed to $53.11 billion, putting the country just $142 million below the level recorded in January 2009, when reserves reached $53.25 billion. The latest figure, reported by the Central Bank of Nigeria as of August 24, represents the strongest reserve position in more than 17 years. The increase is significant because…
At just 13, Nigerian rapper Iceking Ochacho is already learning one of the hardest lessons in the music business: getting people to listen is one thing, but getting them to remember you is another. The young artist, whose real name is Shedrack Mohammed Adah, recently celebrated his I’m Back EP by giving ₦20,000 to each…
The naira’s latest gain may look like another small move in the foreign exchange market, but the more important story is what the Central Bank of Nigeria is changing behind the scenes. The CBN has removed restrictions that previously prevented banks active in the foreign exchange market and government securities from accessing its Discount Window….
Nigerian TikTok star Peller has sparked another debate about young marriage after pushing back at critics who believe he and Jarvis are too young to settle down. In a viral video, Peller argued that the reason many parents discourage their children from marrying early is ultimately economic. “The reason your parents tell you not to…
Liverpool could soon have some of the biggest names in global business sitting around the ownership table. A consortium led by British-Indian businessman Amit Bhatia is reportedly closing in on a major minority investment in Liverpool, with Amazon founder Jeff Bezos and Facebook co-founder Eduardo Saverin among the investors involved. The stake could be around…
The family of late Nigerian singer Destiny Boy has revealed that they have struggled to access his phone and bank account months after his death, exposing a problem that is becoming increasingly common in a digital economy: what happens to your digital life when you die? Destiny Boy, whose real name was Afeez Adesina, died…
Nigeria is facing renewed economic pressure as exceptionally high interest rates combine with renewed weakness in the naira, raising concerns over borrowing costs, business activity and household purchasing power. The Central Bank of Nigeria has maintained its benchmark Monetary Policy Rate at 26.5 per cent, following its July 20–21 Monetary Policy Committee meeting. The decision…
