Banks Begin 10% Tax on Dollar Deposits
Nigerian banks implement a 10% withholding tax on foreign currency deposit interest from Jan 1, 2026. Learn how this new tax law affects your dollar account and who is exempt.
Category : Search result: Iranian currency collapse
Naira Appreciates 6.5% in 2025, Breaks 13-Year Record
The Nigerian naira appreciated 6.5% in 2025, marking its first annual gain in 13 years. Discover how CBN reforms and FX reserves growth fueled this historic turnaround.
Deadly Protests Spread Across Iran Over Economic Woes
Several people have been killed as cost-of-living protests in Iran turn violent, marking the country's most serious unrest in three years. Stay informed on the escalating crisis.
Lagos GNI Building Fire: Death Toll Rises
The Lagos State Government confirms another body recovered from the GNI building fire site on Lagos Island. Get the latest updates on casualties and the ongoing investigation.
Atiku Slams FG Borrowing, Warns of Economic Collapse
Former VP Atiku Abubakar warns that Nigeria's borrowing under Tinubu has pushed the nation to the brink of economic collapse. Read his full New Year's message and analysis of Nigeria's 2025 crisis.
Lagos Fire Victim's Last Calls for Help Break Hearts
The heartbreaking final calls of businessman Nze Obum, trapped in the Lagos Great Nigeria building fire, reveal a desperate struggle for survival. Read the full story and public outrage.
Naira Escapes Africa's 10 Weakest Currencies in 2025
South Sudanese pound and Ethiopian birr lead Africa's worst-performing currencies in 2025, losing over 10% vs dollar. See why the Naira avoided the bottom 10 despite its struggles.
Lagos Island High-Rise Buildings Pose Fire Risk - BCPG
The Building Collapse Prevention Guild raises alarm over systemic fire safety failures in Lagos Island skyscrapers after the Great Nigeria Insurance inferno. Urgent government action demanded.
National Grid Collapses, Plunges Nigeria into Darkness
Nigeria's national grid collapsed on Monday, December 29, 2025, causing widespread blackouts. Power generation crashed from over 2,000MW to just 140MW. Read the full details and impact.
Nigeria's National Grid Collapses, Power Drops to 139MW
Nigeria's national power grid collapsed on Monday, December 29, 2025, causing a nationwide blackout after generation crashed from 4,800MW to 139MW. Get the full report.
Nigeria's Power Grid Collapses, Plunging Nation into Darkness
Nigeria's national electricity grid collapsed on Monday, causing a nationwide blackout as generation crashed from over 2,000MW to just 139MW. Only three DisCos received power. Read the full report.
Nigeria's Power Grid Collapses, Supply Drops to 50MW
Nigeria's national electricity grid collapsed on Monday, December 29, 2025, causing a nationwide blackout. Only two distribution companies received power. Read for details and restoration updates.
Supercomputer Predicts EPL Winner, Chelsea Slumps
Opta's supercomputer reveals Arsenal as heavy favourites for the 2025/26 Premier League title after 18 matches, with Chelsea's December collapse ending their hopes. Get the full analysis.
Nigeria's Forex Market Expands with Better Access & Liquidity
Nigeria's forex market is rapidly evolving with deeper liquidity, smoother mobile access, and easier funding. Learn what this means for traders in Lagos, Abuja, and Port Harcourt and how to navigate the new conditions for success.
Man spends N8m on solar, leaves Nigeria's power grid
Agba Akin invested N8 million in a solar power system to escape Nigeria's unreliable national grid. See his story and public reactions to this major energy move.
Power Grid Crashes to 3,000MW, N5 Trillion Lost
Nigeria's power crisis deepens as grid output averages 3,000MW, far below 13,625MW capacity. Experts blame N4 trillion debt and poor remittance, leaving many in darkness this Christmas. Read the full analysis.
Naira Gains Against Dollar, Experts Predict 2026 Rate
The Naira extended its gains against the US dollar, reaching N1,449.99/$1 in the official market. Analysts from SBM Intelligence and Citibank provide contrasting forecasts for the currency's exchange rate in 2026.
Access Holdings to Raise N40bn via Private Placement
Access Holdings plans a N40bn private placement in foreign currency to meet CBN's recapitalisation rules and fund expansion. The move comes as the March deadline nears.
Chernobyl Shelter at Risk of Collapse from Russian Strike
Chernobyl's director warns a direct Russian missile hit could collapse the inner radiation shelter, causing a 'mini-earthquake'. Full restoration may take 3-4 years. Read the urgent update.
Anita Joseph's DMs Flooded After Marriage Ends
Nollywood actress Anita Joseph appeals to suitors to stop flooding her DMs after confirming the end of her 5-year marriage to MC Fish. She declares she is single but not searching.
Osupa's Coronation Performance Draws Reactions, Fans Troll Taye Currency
Fuji star King Saheed Osupa's performance at Seyi Tinubu's coronation as Okanlomo of Yorubaland wows fans, leading to comparisons and jabs at colleague Taye Currency. Get the full story and reactions.
7 Nigerian Celebrities Who Narrowly Escaped Death in 2025
From horrific road crashes to terrifying home accidents, discover how Nasboi, Adesua Etomi, and other top Nigerian celebrities miraculously survived life-threatening incidents in 2025. Read their shocking stories.
BBNaija Queen Mercy's Home POP Ceiling Collapses
BBNaija star Queen Mercy Atang recounts a terrifying incident as her sitting room POP ceiling collapsed. Her sister and nanny had a narrow escape. Read her full story.
EFCC Arrests 5 'Babalawos' With Counterfeit $3.4M, €280K
Nigeria's EFCC arrests five herbalists in Osun and Lagos for fraud involving counterfeit dollars and euros. Suspects promised spiritual currency conjuring. Full story.
BBNaija's Queen Mercy Atang Escapes Death in Home Accident
BBNaija star Queen Mercy Atang recounts a terrifying incident as her sitting room POP ceiling collapsed. Her family narrowly escaped harm in what she calls divine intervention. Read the full story.
House Orders Emergency Work on Collapsed Imo Road
The House of Representatives has directed federal agencies to immediately begin emergency repairs on the collapsed Umuma Isiaku–Nkwerre Road in Imo State and address severe erosion across Ideato. Urgent relief for displaced communities is also mandated.
22 Dead in Fez Building Collapse Before AFCON 2025
Tragedy strikes Morocco's Fez days before AFCON 2025 as building collapse kills 22. Super Eagles' host city in mourning. Get the latest details and impact on the tournament.
Gas Shortage Causes Major Drop in Nigeria's Power Supply
Nigeria's national grid confirms a sharp drop in electricity supply nationwide due to gas constraints affecting generation companies. Learn the impact and historical context of the power crisis.
CHRICED Warns Defections to APC Signal Creeping Dictatorship
CHRICED warns Nigeria's democracy is under threat as opposition governors defect to APC. The group calls for vigilance against one-party dominance and erosion of accountability. Read more.
Iran Abandoned Assad Days Before His Ousting
Exclusive report reveals how Iranian forces and diplomats fled Syria in December 2024, leaving Bashar al-Assad to his fate as rebels closed in on Damascus. Discover the inside story.
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