CBN Drafts Rules to Ring-Fence Bank Affiliates   The Central Bank of Nigeria (CBN) has issued draft guidelines to restrict how banks fund or support their affiliated companies, aiming to prevent financial distress from spreading across corporate groups. The proposal, contained in the Exposure Draft Guidelines on...

Nigeria has recorded another major milestone on the global public relations stage as three strategic communication campaigns executed by Image Merchants Promotion Limited (IMPR) have been shortlisted as finalists for the prestigious 2026 International Public Relations Association (IPRA) Golden World Awards (GWA).

The House of Representatives Public Accounts Committee has recovered ₦521.77m in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN), marking a breakthrough in its probe into revenue leakages linked to government collections via the Remita platform.

The Central Bank of Nigeria (CBN) absorbed ₦3.04 trillion from the banking system in a single Open Market Operations (OMO) auction on June 5, 2026, as investor demand far exceeded the ₦600 billion offered.

When the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) retained the Monetary Policy Rate (MPR) at 26.5 per cent following its 305th meeting, the decision reflected more than caution.

CBN Increases Foreign Tuition Limit to $25,000   The Central Bank of Nigeria (CBN) has increased the maximum foreign exchange remittance for tuition payments by Nigerian students studying abroad to $25,000 per semester, up from the previous cap of $15,000. The adjustment is contained in the CBN...