5 h. ago CBN revises documentation requirements for PAPSS transactions

From Adanna Nnamani, Abuja The Central Bank of Nigeria (CBN) has announced a revision to the documentation requirements for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria. In a circular on Monday, which was signed by its Ag. Director, Corporate Communications, Hakama Ali, the apex bank said the review is part […] The post CBN revises documentation requirements for PAPSS transactions appeared first on The Sun Nigeria.

Politics

6 h. ago Naira Redesign: Court Strikes Out N1bn Suit Against Buhari, Emefiele, CBN

The Federal High Court in Abuja presided over by Justice Inyang Edem Ekwo has struck out a N1 billion suit filed against former President Muhammadu Buhari and former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, over the hardships that trailed the 2023 Naira redesign policy. The judge dismissed the suit filed by […]

Events

7 h. ago CBN directs banks to source FX for PAPSS settlement through NFEM

The Central Bank of Nigeria (CBN) has announced that authorised dealer banks can now independently source foreign exchange for Pan-African read more CBN directs banks to source FX for PAPSS settlement through NFEM

Politics

31 h. ago Group Pressures Jonathan To Return, Cites Need For Unity And Stability

Dr. Jibril Mustapha, the President of the Nigeria Rescue Mission Organisation, has called on former President Goodluck Jonathan to run for the presidency in the 2027 elections. In a statement issued on Saturday from Lagos, Mustapha emphasized that the country is facing numerous challenges, including economic hardship, insecurity, and unemployment, which require strong leadership to […] The post Group Pressures Jonathan To Return, Cites Need For Unity And Stability appeared first on Information Nigeria.

Politics

43 h. ago Nigeria Has Exited Turbulent Economic Period – Cardoso, Edun

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the minister of Finance and Coordinating minister of the Economy, Wale Edun, have declared that Nigeria has exited its most turbulent economic period and is now firmly on the path to growth and stability. Speaking on Friday night at a joint press conference at […]

Politics

43 h. ago Tax Reform Bill To Exempt Real Estate Sector, Construction Firms From VAT

The federal government has declared that the Tax Reform Bill, once enacted, will exempt real estate transactions from Value Added Tax (VAT), a move aimed at reducing the cost of building materials and housing. This reform is expected to ease the financial burden on low-income earners and stimulate growth in the construction and real estate […]

Economics

3 d. ago Some Problems Require Traditional Solutions, Not Holy Ghost Fire – Yul Edochie

Nollywood actor Yul Edochie has issued a message to pastors and priests, urging them to stop hiding their connection to traditional African practices and be more transparent with their congregations. Posting on his Instagram page on Thursday, Edochie claimed that many religious leaders are, in fact, traditionalists who often visit their ancestral homes to carry […] The post Some Problems Require Traditional Solutions, Not Holy Ghost Fire – Yul Edochie appeared first on Information Nigeria.

Politics

3 d. ago FX, Money Market dominate as FMDQ secondary market turnover hits N58.20trn

Foreign Exchange (FX) and Money Market (MM) transactions dominated secondary market activity, jointly accounting for 70.35 percent of the total read more FX, Money Market dominate as FMDQ secondary market turnover hits N58.20trn

Politics

3 d. ago “Nigerian Youths Are Paid N20,000 To Abuse Those Fighting For Them” – Peter Obi

Former presidential candidate of Labour Party, Peter Obi, has lamented over what he described as transactional politics in Nigeria. Obi alleged that some politicians bankroll young people to harass and discredit advocates of good governance on social media. Speaking at Johns Hopkins University in Washington, D.C., United States of America, on Thursday, the former governor of […] The post “Nigerian Youths Are Paid N20,000 To Abuse Those Fighting For Them” – Peter Obi appeared first on Information Nigeria.

Politics

3 d. ago Security Agencies Needs More Technology To Address Killings – Nasarawa Gov

Nasarawa State Governor, Abdullahi Sule has said that security agencies in the country requires more resources to address killings in the north central part of the country. Speaking during an interview on Channels Television on Thursday, Governor Sule noted that the military needs more support in form of technology and communication, among others, to effectively […] The post Security Agencies Needs More Technology To Address Killings – Nasarawa Gov appeared first on Information Nigeria.

Technology

3 d. ago Burna Boy Faces Lawsuit In New York Court Over Alleged Theft Of Music, Video Composition

Haitian music legend Fabrice Rouzier has filed a lawsuit against Nigerian superstar Burna Boy, accusing him of stealing elements from his 2002 song ‘Je Vais’ for the recently released ‘4 Kampe II,’ a collaboration with French-Haitian artist Joe Gilles, also known as Joe Dwet File. According to legal documents obtained by Peoples Gazette, Rouzier alleges […] The post Burna Boy Faces Lawsuit In New York Court Over Alleged Theft Of Music, Video Composition appeared first on Information Nigeria.

Events

4 d. ago NEC defers state police talks amid rising violence, honours victims

From Juliana Taiwo-Obalonye, Abuja The National Economic Council (NEC), chaired by Vice President Kashim Shettima, met on Thursday at the Presidential Villa, Abuja, but postponed discussions on state police despite escalating insecurity. Attendees included governors, Rivers State Sole Administrator Vice Admiral Ibok-Ete Ibas, Delta Governor Sheriff Oborevwori, FCT Minister Nyesom Wike, and CBN Governor Yemi […] The post NEC defers state police talks amid rising violence, honours victims appeared first on The Sun Nigeria.

Events

4 d. ago 2025 Hajj: Pilgrims To Get Travel Cash After VP Shettima’s Intervention

The Central Bank of Nigeria (CBN) has approved cash-based Basic Travel Allowance (BTA) for Nigerian pilgrims participating in the 2025 Hajj, following a personal intervention by Vice President Kashim Shettima. According to a statement by the spokesman of the vice president, Stanley Nkwocha, the decision marks a significant reversal of an earlier CBN directive mandating […]

Politics

5 d. ago Inlaks, Zenith Pensions Custodian partner for seamless digital transact

Inlaks, an ICT infrastructure and systems integrator, has partnered with Zenith Pension Custodian Limited (ZPC) to deliver seamless digital financial read more Inlaks, Zenith Pensions Custodian partner for seamless digital transact

Politics

5 d. ago Nigerians accumulate N75.65trn in savings, liquid assets –CBN

By Chinwendu Obienyi Amid mounting macroeconomic uncertainty, Nigerians are leaning heavily towards savings and low-risk financial instruments, with recent data from the Central Bank of Nigeria (CBN) showing a marked increase in quasi-money holdings. Quasi-money are assets that are easily and quickly convertible into cash. They are considered to be close substitutes for cash in […] The post Nigerians accumulate N75.65trn in savings, liquid assets –CBN appeared first on The Sun Nigeria.

Politics

5 d. ago Craneburg EKSG signs final documents for N32bn infrastructure bond

… to transform Ekiti’s road network Craneburg EKSG Motorway Company Plc in collaboration with InfraCredit, has officially signed the final read more Craneburg EKSG signs final documents for N32bn infrastructure bond

Politics

5 d. ago IMF Lowers Nigeria’s 2025 Growth Forecast To 3.0% On Weakening Oil Price

The International Monetary Fund (IMF) has revised downward Nigeria’s economic growth projections for 2025 and 2026, to 3.0 for 2025 and 2.7 for 2026 as global uncertainties grow and sustained weaknesses in oil prices impact the country’s economy. This is as it sees a growing probability of a recession from per cent in October to […]

Politics

6 d. ago Federation account revenue falls to ₦1.94 trn amid drop in oil receipts – CBN

From Adanna Nnamani, Abuja In January, Nigeria’s Federation Account revenue dropped to ₦1.94 trillion, a 31.35% decline from December 2024 and 35.22% below the monthly benchmark, according to the Central Bank of Nigeria’s (CBN) January 2025 Economic Report. The fall was driven by reduced receipts from Petroleum Profit Tax (PPT), royalties, Company Income Tax (CIT), […] The post Federation account revenue falls to ₦1.94 trn amid drop in oil receipts – CBN appeared first on The Sun Nigeria.

Politics

6 d. ago DBNC 2025: Unlocking Growth in Nigeria’s Evolving Business Landscape

Thriving in business requires more than just waiting for the perfect conditions, it demands adaptability, strategic foresight, and a strong read more DBNC 2025: Unlocking Growth in Nigeria’s Evolving Business Landscape

Politics

6 d. ago Experts Advocate Entrepreneurship Education As Catalyst For Economic Dev’t

Economic experts have identified entrepreneurship education as a powerful catalyst required to drive the nation’s economic development. This was the position of experts on Tuesday at a workshop jointly organised by De Monfort University (DMU), Leicester, United Kingdom; the University of Ibadan School of Business (UIBS) and the National Centre for Technology Management (NACETEM) in […]

Politics