CBN Orders 30-Minute Fraud Response by Nigerian Banks

The Central Bank of Nigeria has directed major financial institutions including Access, Zenith, and UBA to reduce fraud response times to under 30 minutes to combat rising digital threats and enhance customer protection.

NCC Probes Telecom Service Quality After Tariff Increases

The Nigerian Communications Commission has initiated a comprehensive competition review in the telecom sector following recent data and airtime price hikes, as subscribers report persistent poor service quality despite paying more.

World Bank $12M Loan for Nigerian IDP-Hosting States

The World Bank has approved a $12 million performance-linked loan for Nigerian states hosting internally displaced persons (IDPs) under a new federal project aimed at closing data gaps and improving IDP integration into development systems.

Refineries Seek Govt Support to End Fuel Imports

Domestic refiners in Nigeria say they have enough capacity to reduce petrol imports in 2026 if crude supply challenges are addressed. CORAN calls for targeted funding and better data collection.

Naira Gains Against Dollar in Official Forex Market

The Nigerian naira appreciated against the US dollar in the official NAFEM market but showed mixed results against other currencies and at bank counters, with analysts pointing to oil revenues and CBN policies for support.

NGX Rebounds: Market Cap Rises by N93 Billion

The Nigerian stock market rebounded on Tuesday with market capitalization increasing by N93.48 billion. The NGX All-Share Index rose 0.09% as gainers outnumbered losers with 39 advancing stocks.

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