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Cash held outside the Nigerian banking system rose to 4.87 trillion naira in August 2026, reversing three consecutive months of decline and raising new questions about the pace at which Nigerians are transitioning from physical cash to digital payments. The latest monetary data from the Central Bank of Nigeria (CBN) shows that currency outside banks increased by N70.9 billion, or …

By Victor Osula, Abuja President Bola Tinubu has extended his working holiday in Europe by a few days and is expected to return to Nigeria at the weekend, the Presidency said on Monday. The announcement came as Vice President Kashim Shettima represents the president at the 81st United Nations General Assembly in New York, where he is expected to deliver …

The Oyo State Police Command has arrested a man suspected of being linked to the threatened kidnapping and murder of a 50-year-old resident of Salla Arts Village, Saki, and members of his family. The suspect was arrested after the victim reported receiving a threatening telephone call from an unknown person who allegedly demanded IDR 3 million and threatened to kidnap …

The Federal Government and its development partners have launched a $300 million investment fund designed to accelerate the expansion of off-grid electricity and distributed renewable energy projects across Nigeria. The Nigerian Distributed Renewable Energy Fund is jointly managed by the Sovereign Investment Authority of Nigeria and Africa50, with the aim of attracting public and private capital into projects such as …