ATM transactions rise 208% to N89trn
By Elizabeth Adegbesan The value of Automated Teller Machines (ATM) transactions grew sharply by 208.4 percent year-on-year (YoY) to N89.12 trillion in 2025 from N29.12 trillion in 2024. The Central Bank of Nigeria, CBN, disclosed this in its 2025 Annual Report noting that the increase in ATM transactions reflects user preferences, adoption of digital channels, […]
ECOWAS moves to cut air travel cost in Nigeria, others
By Favour Ulebor, Abuja The Economic community of West African States has approved major changes aimed at reducing the high cost of flying within Nigeria and the entire West Africa region. In a statement yesterday, the Commission said Heads of State and Government had, at their December 2024 summit in Abuja, adopted a measure that will […]
Forex: CBN limits cash payout for PTA/BTA at 25%
By Babajide Komolafe The Central Bank of Nigeria (CBN) has introduced a limit of 25 per cent on the amount of cash beneficiaries can receive when accessing their Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) from Bureau De Change (BDCs). The CBN disclosed this in a document titled, Frequently Asked Questions on Current Reforms of […]
Implementing new tax laws ‘ll be responsible, humane —Tegbe
…FG to consult more on CGT, other concerns By Emma Ujah, Abuja Bureau Chief As the country gets ready to commence the new tax system next month, chairman of the newly inaugurated National Tax Policy Implementation Committee (NTPIC), Mr. Joseph Tegbe, has said the new tax regime will be undertaken in a responsible and humane manner. […]
NNPC E&P oil output hits 355,000 bpd
By Obas Esiedesa, Abuja NNPC Limited on yesterday disclosed that oil production by its upstream subsidiary, NNPC E&P Limited (NEPL), has reached 355,000 barrels per day. The company in a statement by Chief Corporate Communications Officer, Andy Odeh said the milestone was achieved on December 1, 2025, representing its highest daily output since 1989. Odey noted […]
CBN revamps agric guarantee scheme, targets smallholder farmers
By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has launched a major overhaul of the Agricultural Credit Guarantee Scheme Fund (ACGSF), unveiling a new strategic direction aimed at expanding credit access to smallholder farmers and accelerating national food security efforts. Speaking in Abuja at the inauguration of the reconstituted ACGSF Board, CBN Governor, […]
