1. Tinubu Signs Executive Order to Regulate Virtual Assets
President Bola Tinubu has signed the Presidential Executive Order on Virtual Assets Coordination, 2026, creating a Virtual Asset Council to harmonise the regulation of cryptocurrencies and other digital assets in Nigeria. The council will be led by the Central Bank of Nigeria (CBN), with the Securities and Exchange Commission (SEC) and the Nigeria Revenue Service (NRS) playing key regulatory roles.
The order introduces a regulatory sandbox for digital asset innovation, defines the responsibilities of each agency and outlines tax policies for the sector. The move is expected to strengthen investor confidence, improve financial stability and position Nigeria as a leading digital asset market in Africa.
2. Supreme Court Upholds Final Forfeiture of Emefiele’s Assets
The Supreme Court has upheld the final forfeiture of properties and $2.045 million linked to former Central Bank Governor Godwin Emefiele to the Federal Government, bringing one of Nigeria’s biggest asset recovery cases to a close.
The judgment reinforces the government’s anti-corruption campaign and affirms the legality of the forfeiture process. Civil society groups have welcomed the ruling, while legal experts say it sends a strong message on accountability in public office.
3. Dangote Refinery Raises $2.5bn, Eyes Stock Market Listing
Dangote Refinery has secured $2.5 billion in fresh funding and is preparing for a possible public listing as early as August. The development marks another major milestone for Africa’s largest refinery.
Industry analysts say the funding will strengthen refining capacity, reduce fuel imports and support Nigeria’s foreign exchange earnings. A stock market listing is also expected to attract new investors and improve transparency in the company’s operations.
4. CBN Orders BDCs to Return Unused Forex Within 24 Hours
The Central Bank of Nigeria has directed Bureau De Change operators to sell all unused foreign exchange to the Nigerian Foreign Exchange Market within 24 hours or risk confiscation.
The directive forms part of ongoing reforms aimed at improving forex liquidity and stabilising the naira. Financial analysts believe the policy could discourage currency hoarding and enhance confidence in the foreign exchange market.
5. FG to Publish Poverty, Income Data to Measure Economic Reforms
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, says the Federal Government will begin publishing regular data on poverty, income levels and inequality to measure the impact of ongoing economic reforms.
According to him, the initiative will improve transparency and help government design better social protection programmes. Economists say reliable data will also strengthen public confidence in policy implementation.
6. NBA Holds National Elections Despite Controversy
The Nigerian Bar Association is conducting its national elections following weeks of controversy surrounding the arrest and release of a service provider’s managing director.
The NBA leadership has assured members of a credible electoral process after resolving legal issues ahead of the poll. The outcome is expected to shape the association’s direction on major national and legal issues.
7. Troops Rescue Nine Kidnap Victims in Katsina
Nigerian troops have rescued nine kidnapped victims and recovered 56 rustled livestock during operations against bandits in Katsina State.
Security authorities said the operation disrupted criminal activities in affected communities and demonstrated continued military pressure on armed groups. Residents have called for sustained operations to improve security across the region.
8. Security Operatives Rescue Kidnapped Minors in Kwara
Security operatives have rescued kidnapped minors and killed two suspected bandits during an operation in Kwara State.
Authorities described the operation as part of ongoing efforts to prevent the spread of banditry into North Central Nigeria. Community leaders have commended the security agencies while urging continued surveillance across vulnerable areas.
9. Tobi Amusan Joins Team Nigeria Camp Ahead of Commonwealth Games
World record holder Tobi Amusan has joined Team Nigeria’s training camp ahead of the 2026 Commonwealth Games in Glasgow, boosting hopes of a strong athletics campaign.
Her arrival comes after long jumper Ese Brume withdrew through injury. Sports officials believe Amusan’s experience will strengthen Nigeria’s medal prospects at the Games.
10. Peller and Jarvis Announce August 1 White Wedding
Popular content creators Peller and Jarvis have announced August 1 as the date for their white wedding after completing their traditional marriage ceremony in Benin City.
The announcement has generated excitement across social media, with fans celebrating the couple’s relationship. Their wedding is expected to be one of the most talked-about entertainment events in Nigeria this year.
