The Central Bank of Nigeria (CBN) said it has granted final licenses to 82 Bureaux De Change (BDCs) to operate with effect from November 27, 2025. CBN disclosed this in a statement on Monday, December 8, by its Acting Director of Corporate Communications, Hakama Sidi Ali. CBN said it acted in line with its powers conferred …
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it has commenced an unprecedented audit of 760 federal road projects valued at ₦36 trillion. The nationwide special tracking exercise is in collaboration with the Federal Ministry of Works to ensure transparency and value in public infrastructure spending. In a statement on Monday, December …
Nigeria is moving towards a T+1 (trade date plus one day) settlement cycle and will eventually settle for a T+0 cycle, according to the Securities and Exchange Commission (SEC). The move is part of a series of wide-ranging reforms the SEC Director-General Emomotimi Agama hinted at during the second Capital Market Committee (CMC) meeting for …
A Superintendent of the Nigeria Security and Civil Defence Corps (NSCDC), Hassan Abdullahi, has been sentenced to seven years in prison for offences related to certificate forgery and corrupt advantage. The Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it secured the conviction at the Federal Capital Territory High Court sitting in Gudu, …
The Centre for the Promotion of Private Enterprise (CPPE) has warned that debt sustainability projected at 46 per cent of revenue for the 2026 fiscal year remains a critical concern. The centre raised the alarm in a statement on Sunday, December 7, signed by its Director/Chief Executive Officer, Muda Yusuf. The Centre highlighted key issues …
Social media users have begun to raise concerns that landlords will hike rents because of a provision in the new tax law. Their worries bordered on the provision of the 20 per cent relief on annual rent and up to ₦500,000 relief the new tax law provides. In a Facebook post, a social media user …
The report highlights stocks with share prices below ₦20 that have more than doubled in value, which could be a smart investment choice for individual investors. An individual who had invested ₦1 million in any of the cherry stocks trading at a share price of below ₦20 at the beginning of the year and held …
Lagos and Kaduna states have emerged as the top-performing states in the federal government's ease of doing business (EoDB) ranking for 2025. The Director-General of the Presidential Enabling Business Environment Council (PEBEC), Zahrah Audu, stated in a press release on Thursday, December 4. The ranking is based on the council’s 2025 subnational Ease of Doing …
The Securities and Exchange Commission (SEC) has flagged Glorious Wealth Fund (GWF) as a fraudulent and unlicensed online investment platform. The commission raised the alarm in a statement on Thursday, December 4, warning Nigerians against transacting with the platform. “The attention of the Securities and Exchange Commission (SEC) Nigeria has been drawn to the activities …
Africa’s biometric systems are blocking millions of citizens from access to fundamental rights and services, a report has shown. The report, titled ‘Biometric Digital-ID in Africa: Progress and Challenges to Date – Ten Country Case Studies’, was published on Thursday, December 4, by the Institute of Development Studies (IDS). It provides the most comprehensive and …
