NEWS

NCC, CBN Sign MoU to Combat Fraud, Boost Consumer Protection in Digital Economy

Daily Dispatch April 21, 2026

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) aimed at safeguarding consumers from fraud and strengthening collaboration between the telecommunications and financial sectors. As NCC, CBN Sign MoU to Combat

BUSINESS NEWS

Tinubu Nominates Lamido Yuguda as CBN Deputy Governor

Daily Dispatch March 11, 2026

President Bola Ahmed Tinubu has nominated Lamido Abubakar Yuguda for appointment as Deputy Governor of the Central Bank of Nigeria (CBN), subject to confirmation by the Senate. The nomination was made in line with Section 8(1) of the Central Bank of Nigeria Act, 2007. Yuguda’s appointment follows the recent redeployment of the former Deputy Governor, […]

BUSINESS

CBN Projects Petrol Price Increase to N950 Per Litre in 2026

Daily Dispatch January 10, 2026

The Central Bank of Nigeria (CBN) has projected that Premium Motor Spirit (PMS), also known as petrol, could rise to around N950 per litre in 2026. The forecast is based on an average crude oil price of $55 per barrel, domestic crude production of 1.5 million barrels per day, and an assumed exchange rate of […]

BUSINESS

Just In: Nigeria’s merchandise trade hits N38.9 trn in Q3 2025

Daily Dispatch December 11, 2025

Nigeria’s total merchandise trade surged to N38.9 trillion in the third quarter of 2025, marking a significant expansion in the nation’s trade activities. According to newly released official figures, the Q3 2025 trade value represents an 8.71% increase compared to the N35.8 trillion recorded in the same period of 2024. It also reflects a 2.36% […]

BUSINESS

FG Sets New Rule for Nigerians, Non-Residents to Access Bank Accounts

Daily Dispatch September 13, 2025

Starting January 1, 2026, no Nigerian citizen or foreign resident will be able to open or maintain a bank account without first obtaining a Tax Identification Number (Tax ID). This requirement is part of the Nigeria Tax Administration Act, 2025, signed into law by President Bola Tinubu on June 26, 2025. Beyond banking, the law […]

BUSINESS

CBN: Economy Expands for 8th Straight Month in July at 52.7 PMI

Daily Dispatch September 3, 2025

The Central Bank of Nigeria (CBN) says economic activities grew for the eighth month in a row, with the July 2025 Purchasing Managers’ Index hitting 52.7 points. 26 of 36 Subsectors Record Growth Out of 36 subsectors surveyed, 26 expanded, led by Transportation Equipment, while Paper Products saw the steepest decline. Industry, Services, Agriculture Sustain […]