AMCON Clears N3.6trn Debt to CBN, Targets N215bn Recovery for 2025   The Asset Management Corporation of Nigeria (AMCON), the government-owned agency established in 2010 to stabilize and revitalize the Nigerian financial system, recovered N156bn from debtors in 2024 while targeting a recovery of N215bn before...

Senate Grills CBN Governor Over Alleged N1.44trn Unremitted Surplus   The Senate Committee on Banking, Insurance and Other Financial Institutions on Thursday met with the leadership of the Central Bank of Nigeria (CBN) to demand clarification on the alleged non-remittance of N1.44 trillion into the Consolidated...

The Central Bank of Nigeria (CBN) has revised its cash withdrawal rules, discontinuing the special authorisation previously permitting individuals to withdraw N5 million and corporates N10 million once monthly, effective January 2026.

FG Releases N68bn for Vaccines, N50bn for Health Workers' Arrears   The Federal Government has released N68bn for vaccine financing and deployed N50bn to settle outstanding arrears for health workers. The Coordinating Minister of Health and Social Welfare, Prof. Muhammad Pate, announced this on Thursday at the...

Auditor-General Slams CBN Over Recycled Banknotes Worth N29.7bn   The Office of the Auditor-General of the Federation has accused the Central Bank of Nigeria (CBN) under the leadership of the former Governor, Godwin Emefiele, of re-circulating dirty and unfit banknotes valued at N29.77bn in violation of...

FEC Approves Over ₦890bn for Fresh Road Projects Nationwide   The Federal Executive Council (FEC) has approved more than ₦890 billion for the execution and review of several major road projects across the country, in line with President Bola Ahmed Tinubu’s commitment to his administration’s Renewed...