The Central Bank of Nigeria (CBN) has ordered all international money transfer operators (IMTOs) to open naira settlement accounts and route all remittance transactions through them, effectively ending dollar payouts to recipients in Nigeria. The policy, which takes effect May 1, 2026, requires that diaspora remittances be disbursed in local currency, marking a significant shift …
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has called for stronger collaboration among African financial regulators. He made the call at the 4th Annual IMF/AFRITAC West 2 High-Level Executive Forum for Financial Sector Regulation and Supervision in Abuja on Tuesday, March 24. He warned that growing cross-border linkages in the continent’s …
The Director-General of the Securities and Exchange Commission (SEC) Nigeria, Emomotimi Agama, has been re-elected as Vice Chair of the Africa/Middle-East Regional Committee of the International Organisation of Securities Commissions (IOSCO) for a second term covering 2026–2028. The SEC disclosed the development in a statement issued Tuesday, March 24, noting that the appointment was confirmed …
The Centre for the Promotion of Private Enterprise (CPPE) has rejected proposals for additional taxation on sugar-sweetened beverages (SSBs), warning that such a move would worsen cost pressures on businesses, undermine economic recovery, and trigger job losses across Nigeria’s manufacturing value chain. In a policy brief released Tuesday, signed by its Chief Executive Officer, Dr …
A coalition of community groups and civil society organisations has called for widespread solidarity with residents of Makoko and demanded justice for victims of forced evictions across Lagos State. The call was made at a press briefing on March 24, 2026, by the Coalition against Demolition, Forced Eviction, Landgrabbing and Displacement in Lagos State. The …
Nigeria’s technology-driven Credit Rating Agency, DataPro, said it will hold its annual virtual training for media practitioners on March 26, 2026, as part of efforts to strengthen reporting standards in the financial sector. The agency announced this in a statement signed by its Senior Financial Analyst, Victoria Balogun, on Monday, March 23. The training programme, …
Two academics and a public relations practitioner have called for greater intellectual contribution to Nigeria’s development, as they formally join The Nigerian Economy Newspaper as regular contributors. The new columnists—Dr Felix Ijeh, Ewere Okonta and Blaise Udunze—are expected to strengthen the publication’s coverage of economic and social policy as it expands its digital media footprint. …
The Securities and Exchange Commission and the National Youth Service Corps have signed a Memorandum of Understanding to educate corps members on the dangers of fraudulent investment schemes and promote safe investment habits. The agreement was signed in Abuja by SEC Director-General Emomotimi Agama and NYSC Director-General Olakunle Oluseye Nafiu, according to a statement on …
The Centre for the Promotion of Private Enterprise (CPPE) has warned that rising petrol prices, driven by global oil shocks, could reverse Nigeria’s fragile progress in slowing inflation, calling for urgent government action to cushion the impact on households and businesses. In its February 2026 inflation brief issued by its Chief Executive Officer, Muda Yusuf, …
Nigerian businessman and philanthropist Tony Elumelu has announced a fresh round of 3,200 African entrepreneurs to receive funding under the Tony Elumelu Foundation (TEF) Entrepreneurship Programme, marking a major expansion of one of the continent’s largest private-sector-driven development initiatives. The announcement, made on Sunday, March 22, in his annual birthday message, coincides with the unveiling …
