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From sky-high bride prices to delayed weddings and the quiet rise of cohabitation, Nigeria's harsh economic climate is forcing young couples to rethink everything they were taught about marriage. Here's what's really happening. For generations, Nigerians have grown up knowing the roadmap: finish school, get a job, pay the bride price, do the traditional, then the white wedding, then start a family. Today, that roadmap is increasingly unaffordable and young Nigerians are quietly drawing a new one. There is a quiet revolution happening in Nigerian homes, and it does not announce itself with protests or policy papers. It shows up in the WhatsApp chats of frustrated young men trying to raise bride price. In the conversations between couples who have chosen to "manage" together without a ceremony. In the growing number of educated women who are asking, out loud, whether traditional marriage expectations still make sense in an economy that has all but collapsed on ...

The Central Bank of Nigeria has instructed commercial banks to restrict banking services for loan defaulters, especially large-ticket obligors, in a move aimed at strengthening financial discipline and protecting the banking system. CBN Directs Banks to Restrict Banking Services to All Loan Defaulters Nigeria’s banking sector is set for stricter enforcement of loan repayment obligations following a new directive from the Central Bank of Nigeria (CBN) instructing financial institutions across the country to impose restrictions on loan defaulters. The directive, which was issued through an official circular to commercial banks and other financial institutions, mandates banks to limit access to certain banking services for borrowers who fail to meet their loan repayment obligations. The move is part of a broader effort by the apex bank to strengthen financial discipline, reduce the growing risk of non-performing loans, and protect the stability of the banking system. According to the c...

By Elvis Onuigbo | March 11, 2026 | Banking Regulation The Central Bank of Nigeria has issued new guidelines requiring banks, fintechs and money transfer operators to deploy automated anti-money laundering systems to improve real-time detection of suspicious financial transactions. Nigeria’s financial institutions are set to implement stricter financial crime monitoring systems as the Central Bank of Nigeria (CBN) introduces new guidelines mandating the deployment of automated anti-money laundering solutions. Under the new directive, banks, mobile money operators, international money transfer operators, and other financial institutions will be required to adopt automated Anti-Money Laundering (AML) systems that can detect and report suspicious transactions in real time. The new baseline standards, released by the CBN, form part of broader efforts to strengthen Nigeria’s financial system against illicit financial activities. The framework is designed to su...

Nigeria’s Aviation Minister Festus Keyamo welcomes Zamfara Governor Dauda Lawal back to the APC, praising his resilience and remarkable political journey from defeat to victory. The Minister of Aviation and Aerospace Development, Festus Keyamo, has warmly welcomed the Governor of Zamfara State, Dauda Lawal, back to the All Progressives Congress (APC), describing his political journey as a powerful example of resilience, determination, and perseverance in Nigeria’s democratic landscape. Speaking during a recent political gathering, Keyamo praised Lawal’s remarkable journey from political setback to eventual triumph, noting that his story serves as inspiration to many aspiring leaders across the country. According to the minister, Lawal’s political path demonstrates that temporary defeat does not define a leader’s destiny but can instead become a stepping stone toward greater success. He explained that despite facing an initial setback within the APC, Lawal remained stea...

March 2026 | By Visblog Economics Correspondent Despite Dangote Refinery sourcing crude oil locally from NNPCL and refining it within Nigeria, petrol prices keep rising. We break down the six economic and structural reasons behind the paradox. Despite Dangote Refinery sourcing crude oil locally from NNPCL and refining it within Nigeria, petrol prices keep rising. We break down the six economic and structural reasons behind the paradox. For many Nigerians, the Dangote Refinery represented a turning point — the moment Africa's largest nation would finally stop exporting crude oil abroad, importing it back as refined fuel at ruinous foreign-exchange costs, and start keeping the value chain at home. President Bola Tinubu, Alhaji Aliko Dangote, and senior officials at the Nigerian National Petroleum Company Limited (NNPCL) all spoke, in various ways, about the relief the refinery would bring. And on paper, the logic is airtight. Nigeria sits atop some of the world...

The EFCC has handed over N279 million recovered from a disputed National Theatre contract to the Wole Soyinka Centre for Culture and Creative Arts in Lagos, pledging to monitor how the funds are used. The Economic and Financial Crimes Commission (EFCC) has handed over N279 million in recovered funds to the Wole Soyinka Centre for Culture and the Creative Arts in Lagos, reinforcing its commitment to recovering public funds lost to corruption. The official handover took place on Friday, March 6, 2026, at the EFCC Lagos Zonal Directorate 2 office in Ikoyi. Background of the Investigation According to the anti-graft agency, the case dates back to 2009, when a petition was filed by Kabir Yusuf, a former General Manager and Chief Executive Officer of the National Theatre. The petition alleged irregularities in a contract awarded through the Federal Ministry of Tourism, Culture and National Orientation for development work at the National Theatre complex. The contract, valued at N299.7 m...

By Elvis Onuigbo Experts say single-tasking improves concentration, reduces stress, and boosts productivity. Here’s why focusing on one task at a time is better than multitasking. In an age dominated by constant notifications, busy schedules, and digital distractions, multitasking has become a daily habit for many people. From responding to emails during meetings to scrolling through social media while working, juggling multiple tasks often feels like the only way to keep up with modern life. However, psychologists and productivity experts are increasingly warning that multitasking may be doing more harm than good. Instead, they recommend single-tasking — the practice of focusing on one task at a time — as a more effective way to work and maintain mental balance. Studies within Cognitive Psychology suggest that the human brain performs best when it concentrates on one activity rather than attempting to handle several tasks simultaneously. Multitasking often...

By Press Release President Bola Tinubu has approved the posting of 65 Nigerian ambassadors, including Reno Omokri, Femi Fani-Kayode, and Jimoh Ibrahim, to countries across the world and the United Nations. President Bola Ahmed Tinubu has approved the deployment of dozens of Nigerian diplomats to foreign missions across the world, marking a significant step in strengthening the country’s international engagement. The approvals cover 31 non-career ambassadors and 34 career diplomats, all of whom were earlier confirmed by the Nigerian Senate in December. The announcement was made on Friday through a statement issued by presidential spokesman Bayo Onanuga , Special Adviser to the President on Information and Strategy. According to the presidency, the new ambassadors will represent Nigeria in various strategic countries as well as at the United Nations, where diplomatic engagement remains critical to the country’s foreign policy agenda. High-Profile Political Figures Amon...

Is trust more important than communication in a relationship? Relationship experts share insights on what truly sustains love, emotional security, and long-term commitment. In a time when relationships are increasingly shaped by social media, instant messaging, and shifting expectations, a long-standing debate has resurfaced: What truly matters most in a relationship — trust or communication? From marriage counselors to everyday couples navigating love in the digital age, opinions remain divided. While some insist that trust is the backbone of any lasting union, others argue that communication is the real engine that keeps relationships alive. Recent conversations among relationship therapists and social commentators suggest the answer may not be as simple as choosing one over the other. Growing Concern Over Relationship Stability Across cities and communities, relationship breakdowns are becoming more common. Analysts point to issues such as insecurity fueled by social media, ...

NCC  The Nigerian Communications Commission (NCC) has proposed that all telecom operators issue a minimum 14-day notice before deactivating any SIM card due to inactivity or churn. This is a significant update in subscriber protection and telecom regulation in Nigeria . ABUJA, Nigeria – In a significant regulatory proposal that could transform how millions of mobile subscribers are treated across Nigeria, the Nigerian Communications Commission (NCC) has proposed that all telecommunications operators issue a minimum 14-day notice to mobile subscribers before deactivating their SIM cards — whether prepaid or post-paid. This move, part of a broader consultation process on new Quality-of-Service (QoS) rules, has been met with optimism by consumer rights advocates and concerns from telecom industry stakeholders alike, as it seeks to strike a balance between network management, consumer protection, and fraud prevention. What Exactly Did NCC Propose? Under the latest regulatory cons...