Category: Business
POS, ATMs: CBN issues fresh directive to Nigerian banks on foreign card transactions
The Central Bank of Nigeria (CBN), has directed banks and non-bank acquirers to introduce multi-factor authentication (MFA) for foreign-issued card transactions exceeding $200 per day….
BREAKING: NMDPRA CEO Farouk Ahmed, NUPRC boss resign as Tinubu names replacements
Farouk Ahmed, the Chief Executive officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has tendered his resignation. This is coming barely 24 hours…
FAAC revenue drops as FG, states, LGs share N1.928 trillion in November
The federal, state and local government councils have shared a total of N1.928 trillion as Federation Account revenue for November 2025. The allocation was made…
Petrol marketers begin implementing fuel price drop nationwide – IPMAN
The Independent Petroleum Marketers Association of Nigeria (IPMAN) said members would begin implementing the latest fuel price reduction by Dangote Refinery from Tuesday to next…
PoS Terminals: CBN gives one month deadline for dual connectivity
The Central Bank of Nigeria (CBN) has issued a one month deadline to Acquirers, Processors, Payment Terminal Service Aggregators and Payment Terminal Service Providers to…
Tax reforms: Why Nigerians are afraid of January 2026 implementation – Oyedele
Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, said lack of adequate awareness is the reason Nigerians are panicking over the…
Tax reforms: Why Nigerians are afraid of January 2026 implementation – Oyedele
Taiwo Oyedele, chairman of the presidential fiscal policy and tax reforms committee, said lack of adequate awareness is the reason Nigerians are panicking over the…
FG eyes N1.9tn from new 2026 development levy
The Federal Government is projecting to earn about N1.9tn from the newly introduced development levy in 2026, the first year it will show up in…
CBN approves 82 Fully Licensed BDC Operators in Nigeria [Full List]
The Central Bank of Nigeria (CBN) has confirmed that only 82 Bureau De Change (BDC) operators currently hold valid licenses to operate in the country….
Nigerian govt reduces oil block entry costs as 2025 licensing round begins
The Federal Government has further reduced the signature bonus for oil block bidders to between $3 million and $7 million as part of efforts to…

