Trending News: Police rescue 10 stolen children in AbiaUS Offers $20m Reward For Info On ‘Iran’s Nuclear Program’ — CENCOMCourt sentences two men to death for killing woman, her six children in KanoTinubu mocks Obi over Anambra erosionNDLEA remands two Mexicans, four Nigerians over Oyo meth labNigeria’s External Debt Hits $145bn As Servicing Burden Rises — World BankWhy Nigerians Are Getting Fewer Hours Of Electricity — NISOPSC dismisses three police officers over ‘misconduct’, redeploys four CPsNSCDC sanctions 66 personnel over misconductKenyan starvation cult leader sentenced to 200 years for murdering childrenThree feared dead, 14 hospitalised after consuming herbal mixtures in BenueBandits kill 2, abduct 18 in Kaduna communityTerrorists abduct 10 in Ogun, demand 25m ransomParaguay president resigns after collapse of digital bank linked to himNigerian teenager, Fawaz jailed four years for attempting to steal Porsche in LondonBomb Alerts Reported On 12 European Flights — AirlinesGunmen abduct 15 in TarabaCourt sacks Mark-led ADC NWC, nullifies Atiku’s candidacySenate proposes six-month jail term for hospitals denying emergency careKano Court Sentences Two Men To Death For Killing EmployerNJC Suspends Three Judges, Cautions Eight Others Over MisconductPolice arrest suspect over attack on Peter Obi’s convoy in CalabarPSC dismisses three senior police officers over misconductThousands Mock Trump After Midterm SetbackFG Secured 2,512 Terrorism Convictions In Nine Years — NSATinubu withdraws $20.5bn borrowing plan, asks n’assembly to approve fresh $7.7bn loan requestLandlords, companies who aid terrorists will be prosecuted, says FGWhy Trump, Republicans lost 2026 midterm elections — ReportOkorocha, Uzodimma and the Judiciary They Praise and AbuseKen Emeakayi: Whose Security Is Anambra Protecting?DSS frees four men arrested over alleged IPOB membership, pays N20m compensationBandits Ambush, Kill Policemen In ZamfaraTroops kill ‘top ISWAP commanders, two Arab fighters’ in BornoTerrorists abduct 14 Islamic school students in NigerB’Haram killed thousands, held girls as sex slaves – AmnestyNDLEA Intercepts Two Europe-Based Nigerians With Cocaine At Abuja AirportSERAP Asks Tinubu To Order Probe Into Suspected AI-Generated Voter PhotosBadenoch rejects calls for Britain’s apology over slave tradeTroops kill ISWAP leaders, Arab fighters in BornoFBI offers over N6m reward for information on wanted Nigerian womanCrypto Platform Binance Confirms ‘Complex’ $6.3bn HackSowore accuses DSS of ‘aiding government-sponsored thugs’ to attack him in Ado-EkitiOndo businessman dies by suicide, police begin probe154 students hospitalised over suspected drug reaction in KatsinaTinubu defends Nigeria’s external loansICPC arraigns PFIPC’s Adeyemi afresh on 22 counts of ‘forgery, impersonation’Nigerian makes US Most Wanted List over $1m fraudAPC insists Uzodimma remains Imo West candidate despite court rulingLG Chairmen probe: Orlu group petition EFCC over alleged diversion of ₦118bn LG fundsCourt declares Okorocha winner of Imo West APC primaryDeath Toll In Spain Train Collision Rises To 30Police arrest man in Zamfara over viral video ‘calling for killing of ChristiansUS arraigns Nigerian extradited from Benin Republic over alleged $100m tax fraudPolice arrest fake lawyer after 11 years of practice in EbonyiFlight attendant accused of using free flights for $25,000 scamFG approves N70,000 monthly transport allowance for workersTinubu seeks n’assembly approval for $20.5bn, €1.04bn external loansGunmen Kill Seven In Fresh Attack On Plateau Community37 miners died of suffocation in NSCDC custody — Investigative panelUNN, NYSC denied issuing Uche Nnaji’s certificates, investigator tells courtEFCC arrests 14 Chinese, Nigerian over Ogun lithium plantsOver 40 killed in attack on Orthodox Christians in Ethiopia2027: Anambra North Elders Forum Endorses Tony Nweze For Onitsha North, South Federal ConstituencyTaraba Community Puts Death Toll From Binnari Attack at 50Lula wins fourth term as Brazil’s president’14 bandits’ killed as hunters foil mass abduction in KatsinaNDLEA arrests South African woman with 36.65kg of cocaine in LagosFBI arrests nine suspects, seizes 53 electronic devices in Nigeria operationNDC names Peter Obi, Henry Dickson, others as campaign council membersPolice arrest suspect over death of 23-year-old woman in AnambraHow I steal ATM users’ PINs, defraud them – SuspectNigeria confirms first Ebola case is Bundibugyo strainEFCC Arrests Abuja Businessman Over Alleged $120m FraudPolice Uncover International Visa Fraud Hideout In Ogun, Rescue 11 GhanaiansMexican cartels turning Nigeria into meth hub – US#EndSARS Anniversary: Police Fire Tear Gas To Disperse Gathering At Lekki Toll GateUS court sentences Nigerian-born man to eight years in prison for hacking, fraud schemesImo NYSC Abduction: DSS arraigns five suspects over abduction of 20 corps members in ImoAbducted Benue Catholic priest regains freedomPower supply disrupted as electricity generation drops to 476MWEx-Delta governor, Emmanuel Uduaghan, dies at 71NAFDAC uncovers N500m fake alcohol factory in AbaWhat kind of security makes citizens disappear?NDLEA Intercepts Saudi-Bound Cannabis In Palm Oil Keg, ₦6.98bn Tramadol ShipmentEight soldiers killed as patrol vehicle hits ‘ISWAP landmine’ in BornoTwo Saudi Pilots Killed In Helicopter Crash Near Yemen BorderSERAP sues INEC over alleged ₦126bn missing electoral fundsNDLEA issues public alert after intercepting woman with drugs concealed in palm oil keg19 Dead, 25 Hurt In Stampede At India Religious GatheringPolice operatives dead as gunmen attack station in AbiaNiger State NSCDC commandant says deaths of ’37 miners’ were avoidableDSS arrests Maina’s son six years after jumping bailSecurity operatives arrest five suspects linked to abduction of 20 corps members in ImoMilitary operations alone can’t end banditry — Ribadu’20 injured, 50 houses damaged’ as gas pipeline explodes in RiversArmy arrests fake soldier accused of defrauding Gombe, Bauchi womenCorps member dies in Orientation campBandits fleeing Zamfara kill 5, burn houses in NigerNo Plan To Increase Electricity Tariff, FG InsistsNo Vacancy In Senate Presidency, Senators Declare
Sat. Nov 7th, 2026
Trending News: Police rescue 10 stolen children in AbiaUS Offers $20m Reward For Info On ‘Iran’s Nuclear Program’ — CENCOMCourt sentences two men to death for killing woman, her six children in KanoTinubu mocks Obi over Anambra erosionNDLEA remands two Mexicans, four Nigerians over Oyo meth labNigeria’s External Debt Hits $145bn As Servicing Burden Rises — World BankWhy Nigerians Are Getting Fewer Hours Of Electricity — NISOPSC dismisses three police officers over ‘misconduct’, redeploys four CPsNSCDC sanctions 66 personnel over misconductKenyan starvation cult leader sentenced to 200 years for murdering childrenThree feared dead, 14 hospitalised after consuming herbal mixtures in BenueBandits kill 2, abduct 18 in Kaduna communityTerrorists abduct 10 in Ogun, demand 25m ransomParaguay president resigns after collapse of digital bank linked to himNigerian teenager, Fawaz jailed four years for attempting to steal Porsche in LondonBomb Alerts Reported On 12 European Flights — AirlinesGunmen abduct 15 in TarabaCourt sacks Mark-led ADC NWC, nullifies Atiku’s candidacySenate proposes six-month jail term for hospitals denying emergency careKano Court Sentences Two Men To Death For Killing EmployerNJC Suspends Three Judges, Cautions Eight Others Over MisconductPolice arrest suspect over attack on Peter Obi’s convoy in CalabarPSC dismisses three senior police officers over misconductThousands Mock Trump After Midterm SetbackFG Secured 2,512 Terrorism Convictions In Nine Years — NSATinubu withdraws $20.5bn borrowing plan, asks n’assembly to approve fresh $7.7bn loan requestLandlords, companies who aid terrorists will be prosecuted, says FGWhy Trump, Republicans lost 2026 midterm elections — ReportOkorocha, Uzodimma and the Judiciary They Praise and AbuseKen Emeakayi: Whose Security Is Anambra Protecting?DSS frees four men arrested over alleged IPOB membership, pays N20m compensationBandits Ambush, Kill Policemen In ZamfaraTroops kill ‘top ISWAP commanders, two Arab fighters’ in BornoTerrorists abduct 14 Islamic school students in NigerB’Haram killed thousands, held girls as sex slaves – AmnestyNDLEA Intercepts Two Europe-Based Nigerians With Cocaine At Abuja AirportSERAP Asks Tinubu To Order Probe Into Suspected AI-Generated Voter PhotosBadenoch rejects calls for Britain’s apology over slave tradeTroops kill ISWAP leaders, Arab fighters in BornoFBI offers over N6m reward for information on wanted Nigerian womanCrypto Platform Binance Confirms ‘Complex’ $6.3bn HackSowore accuses DSS of ‘aiding government-sponsored thugs’ to attack him in Ado-EkitiOndo businessman dies by suicide, police begin probe154 students hospitalised over suspected drug reaction in KatsinaTinubu defends Nigeria’s external loansICPC arraigns PFIPC’s Adeyemi afresh on 22 counts of ‘forgery, impersonation’Nigerian makes US Most Wanted List over $1m fraudAPC insists Uzodimma remains Imo West candidate despite court rulingLG Chairmen probe: Orlu group petition EFCC over alleged diversion of ₦118bn LG fundsCourt declares Okorocha winner of Imo West APC primaryDeath Toll In Spain Train Collision Rises To 30Police arrest man in Zamfara over viral video ‘calling for killing of ChristiansUS arraigns Nigerian extradited from Benin Republic over alleged $100m tax fraudPolice arrest fake lawyer after 11 years of practice in EbonyiFlight attendant accused of using free flights for $25,000 scamFG approves N70,000 monthly transport allowance for workersTinubu seeks n’assembly approval for $20.5bn, €1.04bn external loansGunmen Kill Seven In Fresh Attack On Plateau Community37 miners died of suffocation in NSCDC custody — Investigative panelUNN, NYSC denied issuing Uche Nnaji’s certificates, investigator tells courtEFCC arrests 14 Chinese, Nigerian over Ogun lithium plantsOver 40 killed in attack on Orthodox Christians in Ethiopia2027: Anambra North Elders Forum Endorses Tony Nweze For Onitsha North, South Federal ConstituencyTaraba Community Puts Death Toll From Binnari Attack at 50Lula wins fourth term as Brazil’s president’14 bandits’ killed as hunters foil mass abduction in KatsinaNDLEA arrests South African woman with 36.65kg of cocaine in LagosFBI arrests nine suspects, seizes 53 electronic devices in Nigeria operationNDC names Peter Obi, Henry Dickson, others as campaign council membersPolice arrest suspect over death of 23-year-old woman in AnambraHow I steal ATM users’ PINs, defraud them – SuspectNigeria confirms first Ebola case is Bundibugyo strainEFCC Arrests Abuja Businessman Over Alleged $120m FraudPolice Uncover International Visa Fraud Hideout In Ogun, Rescue 11 GhanaiansMexican cartels turning Nigeria into meth hub – US#EndSARS Anniversary: Police Fire Tear Gas To Disperse Gathering At Lekki Toll GateUS court sentences Nigerian-born man to eight years in prison for hacking, fraud schemesImo NYSC Abduction: DSS arraigns five suspects over abduction of 20 corps members in ImoAbducted Benue Catholic priest regains freedomPower supply disrupted as electricity generation drops to 476MWEx-Delta governor, Emmanuel Uduaghan, dies at 71NAFDAC uncovers N500m fake alcohol factory in AbaWhat kind of security makes citizens disappear?NDLEA Intercepts Saudi-Bound Cannabis In Palm Oil Keg, ₦6.98bn Tramadol ShipmentEight soldiers killed as patrol vehicle hits ‘ISWAP landmine’ in BornoTwo Saudi Pilots Killed In Helicopter Crash Near Yemen BorderSERAP sues INEC over alleged ₦126bn missing electoral fundsNDLEA issues public alert after intercepting woman with drugs concealed in palm oil keg19 Dead, 25 Hurt In Stampede At India Religious GatheringPolice operatives dead as gunmen attack station in AbiaNiger State NSCDC commandant says deaths of ’37 miners’ were avoidableDSS arrests Maina’s son six years after jumping bailSecurity operatives arrest five suspects linked to abduction of 20 corps members in ImoMilitary operations alone can’t end banditry — Ribadu’20 injured, 50 houses damaged’ as gas pipeline explodes in RiversArmy arrests fake soldier accused of defrauding Gombe, Bauchi womenCorps member dies in Orientation campBandits fleeing Zamfara kill 5, burn houses in NigerNo Plan To Increase Electricity Tariff, FG InsistsNo Vacancy In Senate Presidency, Senators Declare
Sat. Nov 7th, 2026

BREAKING: CBN stops banks from utilising FX gains caused by naira devaluation

 

The Central Bank of Nigeria (CBN) has asked deposit money banks (DMBs) to stop utilising gains from the revaluation of the naira to pay dividends or finance operations.

CBN said a review of the foreign exchange regime change showed the DMBs are in a position to profit from the policy because of its potential to significantly increase the naira value of banks’ foreign currency (FCY) assets and liabilities.

More to follow…

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