Just six per cent of Nigerians feel financially secure, as inflation, low incomes, squeeze households, according to a Piggyvest Savings Report 2025 released recently. The report shows that low incomes, persistent inflation and rising family responsibilities continue to erode savings capacity. It paints a stark picture of financial fragility, revealing that the vast majority of …
Civic tech platform Tracka has raised the alarm over the disbursement of N129.5 billion for Nigeria’s suspended 2023 population census without any published results, accusing the National Population Commission (NPC) of failing to account for the funds and breaching the Freedom of Information (FOI) Act. BudgIT Foundation disclosed the findings in a statement on Thursday, …
The Federal Government of Nigeria plans to raise N750 billion through bond re-opening auctions scheduled for March 30, 2026. The Debt Management Office (DMO) disclosed the offer on Wednesday, noting that the settlement is set for April 1, 2026. According to DMO, the offer consists of a N250 billion 5-year bond at a 17.94 per …
The Central Bank of Nigeria (CBN) says it is set to review the Federal High Court judgement on its 2024 intervention in Union Bank of Nigeria Plc, signalling possible next steps after the ruling. In a statement issued Wednesday and signed by its acting director of corporate communications, Hakama Sidi Ali, the apex bank said …
The Central Bank of Nigeria (CBN) has removed its cash pooling requirement for International Oil Companies (IOCs), allowing them unrestricted access to their export earnings in a move aimed at boosting liquidity in the foreign exchange market. In a statement issued on Wednesday and signed by the Director of the Trade and Exchange Department, Musa …
As the March 31 deadline for filing Pay As You Earn (PAYE) tax returns approaches, many Nigerians are trying to understand what exactly they need to do. Online conversations show widespread confusion, especially among employees who assume that once their employer deducts tax, their responsibility ends. However, filing a personal income tax return is a …
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 …
