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Tuesday, 27 October 2026Lagos · LondonUpdated 07:33 GMT

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FBI reportedly arrests nine Nigerians in cybercrime operation targeting Americans

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Stock image: Noah Wulf / Wikimedia Commons, CC BY-SA 4.0

US authorities have reportedly arrested nine Nigerians wanted over online fraud schemes that targeted American victims. Dozens of phones and computers were said to have been seized in the operation. Details of the charges and where the suspects will face court have not been fully released.

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Naira posts fresh losses as CBN adjusts the dollar rate, despite $55.2bn in reserves

The Central Bank of Nigeria has adjusted its official dollar exchange rate, and the naira has recorded fresh losses. This comes even though the country's foreign reserves are reported at $55.2 billion. Analysts are watching how the currency moves in the coming days.

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Stock image: kopee15 / Wikimedia Commons, Public domain

WHO says Nigeria has no active Ebola case but has not yet been declared Ebola-free

The World Health Organization has clarified that Nigeria currently has no active confirmed Ebola case, but the country has not been formally declared Ebola-free. The clarification follows talk that Nigeria could make the declaration from 7 December.

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The Lagos skyline seen from the water
Stock image: kopee15 / Wikimedia Commons, Public domain

CBN gives JPMorgan approval in principle to open a merchant bank in Nigeria

The Central Bank of Nigeria has granted JPMorgan approval in principle to set up JPMorgan Merchant Bank Nigeria Limited. Adedapo Olagunju, who has led the bank's West African operations since 2018, has been cleared to run it. The approval is only a first step, as a final licence is still needed before the bank can begin business.