The countdown to March 31, 2026, has officially entered its final stretch. While you might have seen headlines claiming only 19 banks have met the mark, the reality on the ground is much more dynamic. In fact, as of January 2026, we have seen a surge of compliance, with approximately 22 out of 34 banks…
The Lagos State chapter of the All Progressives Congress (APC) has rejected claims that the Federal Government’s newly introduced tax reforms are designed to place additional financial pressure on poor Nigerians, describing such assertions as misleading, alarmist, and politically motivated. In a statement issued on Wednesday by its spokesperson, Seye Oladejo, the party expressed concern…
Turkish President Recep Tayyip Erdoğan has met with Somali President Hassan Sheikh Mohamud in Istanbul for high-level bilateral talks aimed at strengthening cooperation between the two countries. The meeting came in the wake of Israel’s recent recognition of Somaliland as a sovereign state, a move that has sparked diplomatic backlash from Somalia and several other…
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Babatunde Ayodele, has issued a strong prophetic caution to President Bola Ahmed Tinubu over the Federal Government’s ongoing tax reform agenda, warning that the policy could become counterproductive if not handled with wisdom, empathy, and careful economic planning. Speaking during a prayer programme at his church…
Official and Parallel Market Rates Remain Stable Amid Reduced Volatility and Regulatory Overhaul The Nigerian foreign exchange market maintained a notable level of stability on Wednesday, December 10, 2025, as both the official and parallel market rates showed minimal fluctuations. This calm performance comes on the heels of the Central Bank of Nigeria’s (CBN) sweeping…
Nigeria’s currency continued to face downward pressure as the Naira weakened to ₦1,475 per US dollar on the parallel market, slipping further from ₦1,463/$ recorded over the weekend. The depreciation reflects ongoing volatility in the unofficial forex market, where demand for foreign currency continues to outpace available supply. In contrast, the Naira maintained relative stability…
