The Central Bank of Nigeria (CBN) has given deposit money banks an 18-month deadline to fully comply with new baseline standards. The baseline standards require the deployment of automated anti-money laundering (AML) solutions aimed at strengthening the fight against financial crimes in the country. The CBN has the directive in a circular dated March 10 …
The Securities and Exchange Commission (SEC) on Tuesday launched its inaugural Regulator/Fintech Clinic to close regulatory gaps. The initiative is aimed at improving engagement with Nigeria’s fast-growing financial technology (fintech) sector and strengthening regulatory oversight. It is designed to align innovation with regulatory compliance while ensuring stronger investor protection across the country’s digital finance ecosystem. …
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered the temporary suspension of helicopter landing fees imposed on oil companies over concerns that the charges could disrupt operations in the oil and gas sector. Keyamo said he gave the directive for suspension of the charges on Monday, March 9, during a meeting with …
President Bola Tinubu has approved the Final Investment Decision (FID) on the Bonga Southwest deepwater project, estimated to attract about $20 billion in Foreign Direct Investment into Nigeria. This marks a significant step in Nigeria’s quest to attract strategic investments and accelerate sustainable economic growth. According to a statement by Andy Odeh, Chief Corporate Communications …
Nigerians are grappling with renewed economic pressure after oil marketers raised the pump price of Premium Motor Spirit (PMS), popularly known as petrol, to as high as ₦1,330 per litre at some filling stations, intensifying the burden on commuters and transport operators already struggling with rising cost of living. The ripple effects of regional conflicts …
Nigeria recorded a higher trade surplus in the fourth quarter of 2025 despite a decline in total merchandise trade and exports, highlighting the country’s continued positive trade balance even as crude oil earnings weakened. The National Bureau of Statistics (NBS) disclosed this in its 'Foreign Trade in Goods Statistics (Q4 2025)', released on Tuesday. The …
Counsel to former Kaduna State governor Nasir el-Rufai, Ubong Akpan, has asked the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to either release his client or arraign him in court. In a statement issued on Monday, Akpan said the “purported” 14-day remand order against el-Rufai, issued by a magistrate court on February 19, …
A viral video circulating on TikTok has sparked anxiety among parents after a mother claimed that excessive consumption of soy-based baby milk could damage infants’ kidneys, weaken bones, and cause bloating. The video, which features a container labelled Baby Wonder Soya Plus placed on top of a bucket of soybean pap powder, shows the mother …
The Federal High Court in Abuja on Tuesday adjourned the trial of former Attorney-General of the Federation (AGF), Abubakar Malami, and his son, Abdulaziz Malami, in a case involving alleged terrorism financing and unlawful possession of firearms until April 15 and 16. The defendants were present in court when the matter came up before Justice …
The Nigerian government has called on citizens to share their views on possible age limits and other measures to protect children on social media platforms. The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, announced the initiative on Tuesday. He called on parents, educators, young people and digital professionals to participate in a public …
