CBN increases ATM card issuance fee by 50% to N1,500
The CBN has increased ATM card issuance fees to ₦1,500 while simultaneously abolishing monthly maintenance charges for Naira debit cards to encourage electronic banking.
Business and Economy
China to eliminate all customs duties on Africa
Effective May 1, China will remove all customs duties on imports from 53 African nations to boost bilateral trade and reduce a significant $100 billion trade deficit.
Nigeria’s budget is a fiction. And now the numbers prove it.
Nigeria faces a looming fiscal crisis after revelations that eight ministries received only 1.3 percent of their N1.218 trillion capital
CBN grants Flutterwave banking licence to expand financial services
Flutterwave has obtained a banking licence from the CBN, allowing it to expand from payments into full financial services across Africa.
Flutterwave secures Nigerian microlending licence, expands beyond payments
Africa’s most valuable fintech unicorn Flutterwave secures a Nigerian license to operate as a national microlender https://t.co/ME8dBMXAH4 — Bloomberg (@business)
US cuts Nigerian crude imports by nearly 50%
The United States reduced its imports of Nigerian crude oil by nearly half in January 2026, as shifting trade dynamics saw other African exporters gain market share.
Ranked: Best state for doing business in Nigeria
A new report ranks Lagos as Nigeria’s top state for ease of doing business, citing strong infrastructure and governance while highlighting persistent regional and systemic challenges.
What CBN’s new policy on diaspora remittances means for naira to dollar exchange — Gwadabe
ABCON president Aminu Gwadabe says the CBN’s new diaspora remittance policy will enhance transparency, boost forex liquidity, and strengthen the naira.
Hundreds feared affected as Kuda lays off staff across departments
Kuda has laid off hundreds of employees across several departments as part of a restructuring aimed at supporting its next
UK and Nigeria agree billion-dollar export finance deal to refurbish ports
Nigeria and the UK have signed a £746 million deal to upgrade Lagos ports, strengthening trade and infrastructure during President Bola Ahmed Tinubu’s visit.