The Central Bank of Nigeria (CBN) has warned Nigerians that refusing to return money mistakenly transferred into their bank accounts could attract between five and 10 years’ imprisonment.
CBN Governor Olayemi Cardoso gave the warning at a stakeholders’ meeting under the bank’s CBN Listens Programme held at the Jogor Event Centre in Ibadan, Oyo State, on Thursday.
The bank also warned against fraudulently obtaining another person’s banking information and urged customers to protect their account details.
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French President Emmanuel Macron and President Bola Tinubu have agreed to put off Macron’s planned state visit to Nigeria. The trip, which was expected in late October 2026, will now happen in early 2027.
Reports from Nigerian and French sources confirm the decision. The visit was meant to strengthen ties between the two countries after Tinubu’s state visit to France in November 2024. Officials had hoped to discuss trade, investment, energy, solid minerals and other areas of cooperation.
French presidential sources said Macron also postponed a planned stop in Senegal. The original schedule covered late October. No new exact dates have been fixed yet.
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The National Economic Council has endorsed a clear 90-day action plan aimed at easing the daily cost of living for ordinary Nigerians.
The plan, put forward by the Federal Ministry of Finance, was approved on Thursday during the Council’s 161st meeting. Vice President Kashim Shettima chaired the virtual session. Finance Minister and Coordinating Minister of the Economy Taiwo Oyedele presented the details.
The goal is simple: turn the gains from President Bola Tinubu’s economic reforms into real relief that people can feel in their pockets.
The plan focuses on five main areas:
• Making food more affordable
• Harmonising taxes
• Completing high-impact projects that benefit citizens
• Removing obstacles that slow down investment
• Providing regulated support for households
NEC also approved a national dashboard to track projects across the country. The dashboard will show how money from the fuel subsidy removal is being used, with emphasis on transparency and accountability.
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The Lagos State Government has presented grants ranging from N100,000 to N250,000 and business equipment to Micro, Small and Medium Enterprises (MSMEs) across the state. The initiative is aimed at strengthening entrepreneurship, improving access to finance for small business owners, and promoting sustainable business development in Lagos. According to the government, the support will help beneficiaries grow their businesses, create more jobs, and contribute to the state's economy.
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Popular Edo comedian Osagie Idiedia, better known as MC Porkupyne, was attacked by a group of hoodlums in Benin City on the night of 24 October 2026. He was returning from a party when the incident happened.
The comedian sustained serious injuries, including deep cuts, and was rushed for medical care. Reports say he was later moved to the University of Benin Teaching Hospital (UBTH). Friends close to him, including fellow comedian MC Casino, said he was still in pain and that doctors advised flying him abroad for better treatment. Plans for that trip were already being discussed.
The Edo State Police Command quickly confirmed the report and started a full investigation. Commissioner of Police Patrick Daaor ordered officers to dig into the facts, find those involved, and make sure anyone found guilty faces the law. The police condemned the attack and said violence of this kind will not be allowed in the state. They also asked anyone with useful information to come forward and urged the public to stay calm while they work.
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The Nigeria Customs Service, NCS, has accused some applicants protesting their exclusion from its 2024/2025 recruitment exercise of attempting to secure employment through unofficial channels. The accusation is coming amid the allegations of irregularities that have continued to trail the selection process.
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Gunmen swarmed a rural Nigerian village on motorcycles and killed at least 20 people, survivors told journalists on Saturday. It is the latest attack in the country’s northeast. The attackers opened fire just after Friday prayers in the rural village of Binnari, in Taraba state, residents said.
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A 28-year-old woman identified as Safiya Tukur has been remanded in custody after allegedly using a sharp object to inflict a deep cut on her husband’s private part during a violent domestic fight in the Kpakungu area of Minna in Niger State. The incident occurred about 10 a.m. on 15 October 2026 at their residence in the Darusalam area of Kpakungu.
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Secretary to the Government of the Federation, SGF, Senator George Akume on Saturday branded any northerner contesting in the 2027 presidential election as an enemy of the region. The African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, is the only prominent politician from the north battling to unseat President Bola Tinubu in next year’s presidential contest.
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' Bandits have killed seven members of a local vigilante group and abducted an unspecified number of residents during an attack on Kaura Namoda town in Zamfara State. It was gathered on Saturday that the attackers reportedly operated for more than three hours after entering the town through a riverine route at about midnight on Friday.
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Shoprite Nigeria is planning to open standalone neighbourhood stores as part of efforts to revive its operations following financial difficulties that forced the retailer to restructure its business. Adekunle Adebiyi, an investor in Shoprite Nigeria, disclosed this during an interview on Nairametrics’ Drinks and Mics on Friday, where he discussed the supermarket chain’s financial challenges and recovery plans.
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The Minister of Works, David Umahi has revealed that the 750-kilometre Lagos-Calabar Coastal Highway still lacks a single comprehensive engineering design, more than two years after construction started in March 2024. During an interview, the Minister said the project is being designed and costed in separate sections rather than under one master design.
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The Delta State Police Command has rescued a 23-year-old kidnap victim and arrested eight suspects as three firearms, 26 live cartridges and substances suspected to be Indian hemp were also recovered. The command’s spokesman, SP Bright Edafe, said in a statement on Saturday that operatives of the Owa-Oyibu Division, working with local volunteer groups, rescued the victim on October 20, 2026.
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Troops of Operation Hadin Kai have neutralised 15 terrorists in a precision air strike north-west of Pulka in Gwoza Local Government Area of Borno State. The Nigerian Army said the terrorists were neutralised during an operation conducted at about 11:50 pm on October 23, 2026. The Acting Military Information Officer of the Northeast Joint Task Force, Operation Hadin Kai, Captain Mohammed Goni disclosed this in a statement on Saturday.
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Sunday, October 25, 2026
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Thanks for the update
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