Effective June 1, 2026, the Central Bank of Nigeria (CBN) has implemented a strategic reshuffling of its Deputy Governors. The updated appointments, as confirmed by the bank’s official portal, are as follows:....KINDLY READ THE FULL STORY HERE▶

• • Dr. Muhammad Sani Abdullahi: Transitioning from Economic Policy to the Corporate Services Division.

  • Mr. Philip Chukwuemeka Ikeazor: Moving to head the Economic Policy directorate.

  • Ms. Emem Nnana Usoro: Shifting from Corporate Services to oversee Operations.

  • Mr. Lamido Abubakar Yuguda: Moving from Operations to lead Financial System Stability.

  Update on PoS Geo-Fencing Enforcement

  The Central Bank has officially postponed the enforcement deadline for its mandatory Point of Sale (PoS) terminal geo-fencing policy.

  • New Deadline: Enforcement is now scheduled to begin on August 1, 2026.

  • Purpose: This extension provides payment service providers additional time to ensure full compliance.

  • Background: First announced in August 2025, the policy mandates that all PoS terminals be geo-tagged. This initiative is designed to bolster the monitoring of electronic transactions, curb fraudulent activities, and transition Nigeria’s payment ecosystem to the international ISO 20022 messaging standard.

  Affected Stakeholders: The directive applies to all financial institutions, including Deposit Money Banks, Microfinance Banks, Mobile Money Operators, Super Agents, and switching companies, all of which are required to complete the necessary terminal updates.

Former Secretary to the Government of the Federation (SGF), Babachir Lawal, has alleged that specific Fulani factions are rejoicing over Atiku Abubakar’s presidential candidacy, viewing it as a path to securing the Nigerian presidency for their ethnic group. Speaking on Channels Television’s Politics Today following his departure from the African Democratic Congress (ADC), Lawal leveled several criticisms against the former vice president.....KINDLY READ THE FULL STORY HERE▶

Lawal defended his use of the term “Kachalla”—a title he associated with local leaders of bandit groups like that of Bello Turji—to describe Abubakar, explicitly questioning the former vice president’s Fulani identity and allegiances.

A central pillar of Lawal’s critique is that Abubakar has remained silent regarding rampant insecurity in Nigeria, particularly in the North and his home state of Adamawa. Lawal contended that the presidential hopeful has failed to publicly denounce kidnappings and mass killings, nor has he visited affected communities to offer condolences.

Furthermore, Lawal pointed to the 2022 murder of Deborah Samuel in Sokoto as a point of contention. He alleged that after initially condemning the incident, Abubakar retracted his statement, claiming it had been issued by an aide without authorization. Lawal argued that a leader seeking the highest office in the country should be willing to openly condemn violence and genocide, regardless of the circumstances.

The Federal Workers Forum has issued a notice of potential indefinite national industrial action, citing escalating insecurity and a failure to resolve critical wage grievances. The following summary details the forum’s position:....KINDLY READ THE FULL STORY HERE▶

• • Leadership Critique: The forum, represented by National Coordinator Mr. Emelieze and Secretary Mr. Ayo Ogundele, has criticized the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) for failing to provide adequate leadership regarding these worker concerns.

  • Wage Implementation Issues: The group reports that an online poll of members strongly supports a strike. They allege the July 2024 minimum wage adjustment provided only a taxable ₦40,000 uniform increase, which they claim delivered no meaningful benefit.

  • Broken Promises: Workers claim that a 40% peculiar allowance promised by the Head of the Civil Service, Didi Walson-Jack, for May 1, 2026, was subsequently rejected by the Office of the Accountant-General. Furthermore, they report that May 2026 salaries did not include the wage awards promised by the Minister of Finance, and consequential adjustments remain unpaid.

  • Outstanding Entitlements: The forum highlighted long-standing arrears, including two months of wage awards from July 2024, unpaid promotion arrears, and outstanding Duty Tour Allowance claims.

  • Rejection of Proposals: The group has rejected a ₦100,000 minimum wage proposal backed by the Nigeria Governors’ Forum, labeling it a “Greek gift” aimed at suppressing earnings, and instead is demanding a living wage and a cost-of-living allowance.

  • Insecurity Concerns: Beyond economic issues, the forum expressed alarm over the rise in kidnappings and violent attacks, specifically citing recent incidents in Oyo and Borno states.

  • Government Demands: The forum has urged the NLC and TUC to engage the government on these hardships and has called on the government to secure the release of all hostages, including teachers and schoolchildren. Additionally, the group suggested that the National Assembly consider legislation regarding civilian firearm ownership and that a sovereign national conference be convened to address the nation’s challenges.