CBN Issues Warning to BDCs Against Money Laundering   The Central Bank of Nigeria (CBN) has warned Bureau De Change operators across the country of severe sanctions for failing to comply with anti-money laundering and terrorism financing regulations. In a circular dated April 17, 2025, and signed...

Again, Hakama Sidi-Ali Clinches Top Honour at 2025 National Spokespersons Awards Abuja, Nigeria – In a remarkable demonstration of excellence in public communication, Hakama Sidi-Ali, spokesperson for the Central Bank of Nigeria (CBN), was awarded the Outstanding Spokesperson (Banking Sector) for the second consecutive year...

Dangote Fuel Still Pricey Despite Crude Oil Crash - S&P Global   The pricing of refined petroleum products at the Dangote Petroleum Refinery has been identified as one of the incentives to import these products into Nigeria. S&P Global said in a report that the Dangote refinery’s...

CBN Mandates Banks to Strengthen Sanctions Compliance Measures   The Central Bank of Nigeria (CBN) has issued a fresh regulatory directive to banks, payment service banks, and fintech companies, warning them to tighten their sanctions compliance frameworks or face enforcement actions. In a circular dated April 17,...

NNPC Targets $30bn Investments in Oil Sector by 2027   The Nigerian National Petroleum Company Limited (NNPCL) has unveiled its agenda for attracting $30 billion investments by 2027 and $60 billion by 2030. The Group Chief Executive Officer (GCEO) Bayo Ojulari disclosed this to members of staff...

Investors Gain N239bn as Equity Market Recovers Losses   The Nigerian equities market closed positively on Thursday, as investors gained N239bn in market capitalisation, reversing the losses recorded in previous sessions following a four-day trading week caused by the Easter public holidays. Data from the Nigerian Exchange...