The Central Bank of Nigeria has granted final operating licences to 82 Bureaux De Change under updated regulatory guidelines, warning the public to transact only with authorised operators.
The move is part of broader FX-market reforms aimed at tightening compliance and reducing parallel-market abuses.
The Senior Staff Association of Nigerian Universities has urged governments to deploy modern surveillance technology and strengthen campus perimeter security in response to rising school abduction concerns.
The union says technology-backed safety is essential to protect staff and students and sustain learning stability.
PalmPay has launched a month-long ‘Purple December’ campaign encouraging users to complete weekly digital tasks for prizes, culminating in a Christmas-themed social challenge.
The fintech says the activation celebrates user loyalty and highlights everyday digital-payment stories during the festive season.
A U.S. congressional delegation met with Benue clerics and traditional leaders to discuss recurring violence and insecurity, signalling heightened international concern.
Local leaders reportedly pressed for stronger protection of rural communities and accountability for perpetrators.
President Tinubu approved a phased opening of the Bodo–Bonny Road in Rivers State for light vehicles, restricted to daytime travel. Heavy-duty vehicles and night movement remain barred pending full completion expected in Q1 2026.
The opening is framed as relief for long-standing access challenges to Bonny Island.
NAFDAC has reiterated warnings against the importation of prohibited food items, stressing that offenders will face enforcement actions. The agency says the restrictions are tied to public-health safeguards and compliance with national food-safety standards. The warning fits into a broader posture of tightening border and market surveillance as regulators confront rising health risks linked to substandard and non-compliant consumables. (Source: The Punch, Dec 6, 2025.)
The Supreme Court has struck out Osun State’s suit seeking release of withheld local government allocations, ruling that the state attorney-general lacked standing to sue on behalf of the councils. However, reports indicate the Court also faulted the Federal Government’s withholding of the funds and reaffirmed the principle that allocations should be released directly to duly elected local governments. The judgment has sparked political reactions, including public commendation from Minister Adegboyega Oyetola, who described the ruling as reinforcing due process and local government autonomy. (Sources: The Punch, Premium Times, The Guardian, Dec 5–6, 2025.)
The Nigeria Export Processing Zones Authority (NEPZA) has urged the Federal Government to grant a 10-year tax relief for operators within Special Economic Zones, warning that failure to do so could weaken investor confidence and trigger disruptions across the free-zone ecosystem. The call comes as implementation of a new tax act approaches, with NEPZA framing the relief as a competitiveness tool to protect Nigeria’s FDI prospects amid rising global investment scrutiny. (Source: The Punch, Dec 6, 2025.)
After a meeting with President Tinubu, Aliko Dangote urged Nigeria’s wealthy class to channel spending away from luxury cars and private jets toward industrial investment that can drive growth and jobs. Punch reports that Dangote framed the call as a cultural and policy-era comparison, arguing that restrained elite consumption in earlier periods contrasted sharply with today’s conspicuous spending. He warned that capital tied up in prestige assets could be far more transformative if redirected into manufacturing and large-scale productive ventures. Source: Punch, December 7, 2025.
Federal revenue from the electronic money transfer levy hit about N360.29 billion between January and October 2025, more than doubling the comparable 2024 figure, according to an internal FIRS document cited by Punch. The year-on-year jump suggests increased taxable transfer volumes and/or stronger compliance, with the report noting monthly gains across the period. The data adds another angle to ongoing debates about the balance between broadening non-oil revenue and the public sensitivity around transaction-related taxes. Source: Punch, December 7, 2025.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
