markets
UBA’s next chairman: Emmanuel Nnorom
United Bank for Africa Plc has announced the appointment of Mr. Emmanuel N. Nnorom as its next Group Chairman, effective 21 August 2026, following the scheduled retirement of Mr. Tony O. Elumelu from...
Friday, 10 July 2026Subscribe
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Briefings archive
ALL BRIEFINGS
Latest source-backed briefings on Nigeria’s economy, policy, markets and business environment.
economy
Nigeria's New Fiscal Regime Is Now Live. Here's What Changed on 1 July 2026.
The 2026 Fiscal Policy Measures take full effect on 1 July. Lower tariffs on cars and rice. A green tax on big engines. Higher duties on beer, spirits and cigarettes. Import prohibitions on 17 product...
Monetary Policy
CBN Revokes 46 More Microfinance Bank Licences – At Least 267 Have Now Been Revoked Since 2020
Effective today, the Central Bank of Nigeria revoked the operating licences of 46 microfinance banks under Sections 12 and 13 of BOFIA 2020, approved by Governor Cardoso. The stated grounds:...
economy
The Poverty Data Gap: What Nigeria's New Intelligence Lab Reveals About Decades of Blind Policy
Nigeria launched a data lab to track poverty programmes – 30 years after those programmes began. With 140 million Nigerians now below the poverty line, the question is not whether the data exists. It...
markets
Ecobank Distributes $40M Dividend as Board Undergoes Refresh at 38th Annual Meeting
Ecobank Transnational Incorporated, the pan-African banking group, has approved a dividend distribution of $40 million to shareholders following its 38th Annual General Meeting held in Lomé, Togo on...
general
Seplat Energy Shifts Control to Nigerian Capital as Heirs Energies Takes 20% Stake
Seplat Energy, one of Nigeria's largest upstream oil producers, is undergoing a significant leadership transition that signals a broader shift in ownership and control of the country's energy sector...
markets
Oil’s war premium is back: how a chokepoint and a long war are rewriting 2026
Oil is trading with a clear war premium again. Prices have not returned to the April spike, but the latest jump shows that markets are re-pricing risk as if the Strait of Hormuz were a structural...
general
Trump's $100,000 H‑1B fee is blocked by a court, but skilled migration to the US remains harder than before
A federal court has thrown out the most extreme element of Trump's skilled-worker visa crackdown. Here is what changed, what did not, and why it matters for professionals outside the US.
Monetary Policy
₦1 quadrillion in digital payments, but 28.8 million adults still excluded
Nigeria now moves more than ₦1 quadrillion a year through electronic payments, based on Nigeria Inter‑Bank Settlement System (NIBSS) data for 2024. That means money sent by bank transfer, card, mobile...
general
CBN raises overseas tuition FX cap to 25,000 dollars, keeps schools below university level out
The Central Bank of Nigeria (CBN) has increased the maximum amount that Nigerian students can receive in foreign exchange for tuition payments abroad to 25,000 dollars per semester, up from 15,000...
economy
Oil Rally Prompts Nigeria to Consider Refinancing High-Cost Debt
Nigeria is weighing a rare opportunity to reshape its debt profile. With Brent crude up sharply in 2026 and investor demand pushing Nigerian Eurobond spreads to their lowest in more than a decade,...
markets
One-Day Settlement: What T+1 Means for Nigeria’s Market
Nigeria’s capital market has moved from a two‑day settlement cycle (T+2) to a one‑day cycle (T+1), becoming the first market in Africa to do so. The change means that when investors trade shares or...