Two days after he was hurt in a deadly car crash outside Lagos, Nigeria, British boxing star Anthony Joshua was released from hospital on Wednesday and will continue recovering at home, Nigerian officials said. The two-time heavyweight champion and 2012 Olympic gold medallist had been kept for observation at Lagoon Hospital with minor injuries following …
Senate President Godswill Akpabio has ordered the withdrawal of all ongoing defamation lawsuits filed in his name, saying the decision followed personal reflection during a New Year Mass. Akpabio made the announcement on Thursday while speaking at Sacred Heart Parish in Uyo, Akwa Ibom State. He said he was deeply moved by the priest’s sermon, …
Nigeria’s economy is projected to expand by 4.49% in 2026, according to the Central Bank of Nigeria (CBN), building on positive momentum from reforms in 2025. This projection is contained in the CBN’s Microeconomic Outlook for Nigeria, 2026 released earlier today, with the theme "Consolidating Microeconomic Stability Amid Global Uncertainty". In his note in the …
The Central Bank of Nigeria (CBN) has unveiled significant updates to its cash management policies, effective January 1, 2026. These changes are part of the bank's ongoing efforts to improve cash handling, enhance security, and promote the wider adoption of electronic payment methods for greater convenience and safety. These revisions, aimed at streamlining cash operations …
Nigeria's decision to launch a targeted joint security operation with the United States is being interpreted in both financial and diplomatic circles as a powerful statement beyond military action. The operation, conducted on Christmas Day in Sokoto, underscores the nation’s broader strategy of aligning security with economic reform and global cooperation to stimulate growth and …
Zenith Bank has reported an impairment charge of ₦781.5 billion on its financial assets for the nine-month period ending September 2025, accounting for 39.3% of its projected pre-provision operating profit for the full year 2024. A large portion of this impairment—98.5%—relates to loan impairments, including significant write-offs, which have further weighed on the bank’s loan …
The Nigerian government has reaffirmed its commitment to the implementation of the new tax laws, which will take effect on January 1, 2026, despite concerns raised by the House of Representatives over alleged discrepancies between the gazetted versions and those passed by lawmakers. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax …
Nigeria’s electricity generation has received a significant boost following the repair and restoration of the vandalised Lagos–Escravos gas supply pipeline, a development that has been welcomed by the Nigerian Independent System Operator (NISO). In a statement released on Friday, NISO confirmed that the restoration efforts have led to improved gas supply to key thermal power …
President Donald Trump has confirmed he’d ordered a deadly strike on Islamic State terrorists in Nigeria, who he has accused of persecuting Christians in the country. In a post on social media on Christmas day, Trump said he’d directed a “powerful and deadly strike against ISIS Terrorist Scum in Northwest Nigeria,” who he said had …
Nigeria’s financial landscape saw significant shifts in 2025, with key events influencing the economy’s trajectory. From major reforms to foreign capital inflows, these activities played a crucial role in shaping Nigeria’s economic outlook. Here are the top 10 financial stories in Nigeria for 2025, backed by key data points that highlight their impact. 1. Nigeria …
