Washington, Nov. 14, 2025 – The U.S. Treasury and Taiwan’s central bank on Friday said they agreed to continue close consultations on macroeconomic and foreign exchange rate matters and both pledged to avoid manipulating the value of their currencies to gain a competitive advantage. In a joint statement issued by the U.S. Treasury, they said that there were cases where intervention in foreign exchange markets could be considered. But this “should be reserved for combating excess volatility and disorderly movements in exchange rates, with the expectation that this tool …
PTAD disburses N3.9bn pension arrears to 91,146 pensioners
Abuja, Nov. 14, 2025 – The Pension Transitional Arrangement Directorate (PTAD) has disbursed N3.9 billion pension arrears to 91,146 pensioners under the Defined Benefit Scheme (DBS). Olugbenga Ajayi, its Head of Corporate Communications, disclosed this in a statement on Friday. The statement said the payment was part of the N32,000 increment earlier approved by President Bola Tinubu. It said N1.9 billion was disbursed to to 59,865 pensioners under the Parastatals Pension Department, N830 million to 12,976 Pensioners under the Civil Service Pension Department, N620 million to 9,689 Pensioners under …
Bitcoin sinks deeper below $100,000 as bear market grips crypto
Washington, Nov. 14, 2025 – Bitcoin sank deeper below the $100,000 mark, dragged down by a fresh wave of risk aversion and a selloff in tech stocks that reignited Wall Street jitters. The digital currency fell as much as 3.9% to $97,956, intensifying a slump that’s wiped out more than $450 billion in value since early October. Once-reliable sources of support — including large investment funds, ETF allocators, and corporate treasuries — have stepped back, removing a key prop from this year’s rally and triggering a new phase of …
Digital Lending: FCCPC sets Jan. 5 deadline for compliance
Abuja, Nov.14, 2025: The Federal Competition and Consumer Protection Commission (FCCPC) has set Monday, Jan. 5, 2026, as the deadline for full compliance with the Digital, Electronic, Online and Non-Traditional Consumer Lending Regulations, 2025. The Commission disclosed this on Thursday in a statement signed by Ondaje Ijagwu, its Director of Corporate Affairs. The statement said regulation came into effect on July 21, 2025 under the Federal Competition and Consumer Protection Act (FCCPA) 2018. It said the law is aimed to promote fairness, transparency, and accountability across Nigeria’s growing digital lending …
Senate directs NNPCL to refund N210trn missing funds
Abuja, Nov. 12, 2025 – The Senate has directed the Nigerian National Petroleum Company Limited (NNPCL) to refund ₦210 trillion it could not account for to the Federation Account The Senate gave the directive on Tuesday after rejecting NNPCL’s written explanations on the N210 trillion unaccounted for in the company’s accounts between 2017 and 2023. The Senate took the resolution after adopting the report of its Committee on Public Accounts which investigated NNPCL’s accounts from 2017 to 2023. According to the committee’s report, the NNPCL’s audited records indicated ₦103 …
Naira slides at official market, closing at N1,440.89 to dollar
Lagos, Nov. 12, 2025 – The Nigerian currency, the Naira, depreciated at the official foreign exchange market on Tuesday, closing at N1,440.89 to the dollar. The currency lost N3.39 to the dollar on Tuesday from N1,437.5000 it closed on Monday. Bid rates quoted by dealers at the market on Tuesday ranged from N1,436 to N1,440.89 to the dollar. Meanwhile, the naira is being traded at the black market in Lagos between N1, 450 and N1, 460 to the dollar.
Fidelity Bank extends lifeline to Makoko community
Donates Boats and Relief Materials to Orphanage and Schools Lagos, Nov. 11, 2025 – In a demonstration of its commitment to corporate social responsibility, leading financial institution, Fidelity Bank Plc, has extended support to residents of the Makoko waterfront community in Lagos with the donation of boats, educational materials, food items and other essential relief items. The donation was championed by the Achievers Inductees Class of 2025 under the Fidelity Helping Hands Programme (FHHP), the bank’s staff-led CSR initiative where members of staff identify areas of critical interventions in their …
Ecobank Nigeria drives access to digital learning for children with disabilities
Lagos, Nov. 11, 2025 – Ecobank Nigeria has again demonstrated its commitment to building a more inclusive society by supporting children with disabilities through education and digital learning in commemoration of Ecobank Day 2025. Ecobank Day is the Group’s annual flagship corporate social responsibility event. The theme for this year is “Enabling Inclusive Learning for All.” Staff of Ecobank Nigeria visited and supported Hope Fountain Foundation for the Deaf in Lagos; Omoyeni School for the Blind in Ibadan; OPM Free School for Children Born with Autism and Down Syndrome in Port …
Naira appreciates at official market Monday, closing N1,437 to dollar
Lagos, Nov. 11, 2025 -The Nigerian currency, the Naira, appreciated slightly at the official segment of the foreign exchange market on Monday, closing at N1,437.50 to the dollar. The currency gained N01,00 to the dollar on Monday, up from the N1,438.50 which it closed on Friday. Bid rates quoted by dealers at the segment on Monday ranged from N1,435 to N1,442 to the dollar. The naira has been appreciating steadily at the market in the last few weeks, which analysts attribute to effective management of the foreign exchange market, …
Trump floats $2,000 tariff rebate checks for most Americans
Washington, Nov. 10, 2025 – President Donald Trump called people who don’t support tariffs “fools” and floated the idea of $2,000 rebate checks for almost all Americans in a social media post Sunday. Trump said on Truth Social that the United States is taking in trillions of dollars thanks to far-reaching tariffs he has imposed since taking office in January. He said the country will soon start paying down $37 trillion in debt. “People that are against Tariffs are FOOLS! We are now the Richest, Most Respected Country in …