Breaking: CBN retains interest rate at 26.5%
The Central Bank of Nigeria (CBN) has once again maintained the Monetary Policy Rate (MPR) at 26.5 percent, signaling a…
Category: Breaking
FG, Dangote Refinery Meet Marketers Over Fair PMS Pricing as Fuel Costs Remain High
The Federal Government has intensified efforts to ensure fair pricing of Premium Motor Spirit (PMS), commonly known as petrol, by…
SEC Approves 7 New Crypto Firms Under Regulatory Sandbox to Boost Nigeria’s Digital Asset Market
Nigeria’s digital asset industry has received a significant boost as the Securities and Exchange Commission (SEC) granted Approval-in-Principle (AIP) to…
FTSE Russell Delays Nigeria Frontier Market Upgrade Over Concerns About New T+1 Settlement Cycle
Nigeria’s anticipated return to Frontier Market status has hit an unexpected hurdle after global index provider FTSE Russell announced that…
Nigeria’s Foreign Reserves Hit $51.04 Billion, Highest Level in 17 Years as Economic Reforms Gain Momentum
Nigeria’s foreign reserves have surged to $51.04 billion, reaching their highest level in nearly 17 years and signaling renewed strength…
Nigeria’s GDP Grows 3.89% in Q1 2026 as Agriculture and Services Power Economic Expansion
Nigeria’s economy began 2026 on a stronger footing, with the country’s Gross Domestic Product (GDP) expanding by 3.89% year-on-year in…
BREAKING: NAICOM rolls out Mandatory Policyholders’ Protection Fund, tightens insurance compliance
The National Insurance Commission (NAICOM) has issued sweeping new guidelines mandating all insurers and reinsurers to contribute to the Insurance…
Breaking news: PenCom Increases Equity Investment Limits for RSA Funds to Boost Liquidity
Nigeria’s National Pension Commission (PenCom) has announced an increase in the allowable equity investment limits for key Retirement Savings Account…
IMF Raises Nigeria’s 2026 Economic Growth Forecast to 4.4%
The International Monetary Fund (IMF) has revised Nigeria’s economic growth forecast for 2026 upward to 4.4%, reflecting growing confidence in…
BREAKING NEWS: Nigeria Inflation Drops to 14.45% in November 2025, Beats Tinubu’s 15% Target
Nigeria’s headline inflation rate slowed to 14.45 percent in November 2025, marking a notable decline from 16.05 percent in October…
BREAKING: Nigeria’s external reserves surpass $45 billion – first time in 6 years
Nigeria’s external reserves have officially crossed the $45 billion mark, marking the first time in six years that the country…
BREAKING: CBN retains MPR at 27% to sustain inflation fight
The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27 percent, maintaining its tight monetary stance as part of…
BREAKING: Banks place Nestoil under receivership over $1bn debt
Police have sealed off the corporate headquarters of Nestoil Limited in Victoria Island, Lagos, after the company was placed under…
JUST-IN: Nigeria’s Inflation Rate Falls to 18.02% in September 2025 as Food Prices Ease
Nigeria’s inflation rate continued its downward trend in September 2025, easing to 18.02% from 20.12% in August, according to the…
IMF Upgrades Nigeria’s 2025 Growth Forecast to 3.9%, Projects 4.2% in 2026 Amid Economic Reforms
The International Monetary Fund (IMF) has raised Nigeria’s economic growth forecast, projecting a 3.9% expansion in 2025 and a further…
BREAKING: Dr. Sidi Ould Tah Elected as New AfDB President, Succeeding Adesina
Dr. Sidi Ould Tah, former Minister of Economy and Finance in Mauritania, has been elected as the 9th President of…
BREAKING: Otedola Invests N320bn in First Bank, Cites Tinubu and Cardoso’s Reforms as Key Drivers
Billionaire investor and Chairman of First Holdco Plc, Femi Otedola, has announced a landmark N320 billion personal investment in First…
BREAKING:Petrol Prices Surge by 76.73% Year-on-Year in April 2025 Despite Monthly Dip – NBS
In April 2025, the average retail price of Premium Motor Spirit (PMS), or petrol, soared to N1,239.33 per litre, marking…
Nigeria’s Inflation Rate Climbs to 24.23% in March 2025 Amid Rising Economic Pressures
Nigeria’s inflation rate has surged to 24.23% in March 2025, as reported by the National Bureau of Statistics (NBS). This…
BREAKING: Mojisola Meranda Emerges New Lagos Assembly Speaker After Mudashiru Obasa’s Impeachment
Hon. Mojisola Lasbat Meranda has been elected as the new Speaker of the Lagos State House of Assembly, Mudashiru Obasa,…
Investors’ Negative Sentiment Drags Stock Market YtD Performance to 28.97%
The Nigerian stock market has experienced a decline, with the Year-to-Date (YtD) performance dropping to 28.97% due to profit-taking in…
Kaduna DisCo Gets New Owners
ASI Engineering Limited (ASI) has announced the acquisition of a 60% equity stake in the Kaduna Electricity Company Plc (Kaduna…
Equity market sustains rally with N131bn gain
The Nigerian equity market saw another day of gains on Wednesday, with investors pocketing N131 billion boosted by strong performances…
Segun Alebiosun to serve as acting CEO of First Bank
Segun Alebiosun, currently the Executive Director and Chief Risk Officer, is likely to become the acting Managing Director and Chief…
Former CBN Governor Godwin Emefiele Granted N50 Million Bail
A high court in Ikeja, Lagos, has approved a N50 million bail for the former Central Bank of Nigeria (CBN)…
CBN Increases capital base for commercial banks to N500- N200 billion
In a sweeping financial reform announced on Thursday, March 28, 2024, the Central Bank of Nigeria (CBN) has raised the…
NAAT announces three-day warning strike over withheld salaries
The National Association of Academic Technologists (NAAT) has declared a three-day warning strike starting from March 20, citing the non-payment…
Hamas deputy military commander killed in Israeli air strike
A White House official, Jake Sullivan, confirmed that Hamas leader Marwan Issa was killed in an Israeli air strike, making…
Unpaid salaries: SSANU, NASU tackle FG, declare seven-day strike
The Senior Staff Association of Nigerian Universities (SSANU) and the Non-Academic Staff Union (NASU) have jointly declared a seven-day warning…