Mr Olayemi Cardoso, the Governor of the Central Bank, will lead Nigeria’s delegation to the World Bank and International Monetary Fund Annual Meeting in Washington DC, which opens on Monday, October 13. This was confirmed in a statement issued by Bayo Onanuga, Special Adviser to the President (Information & Strategy). Onanuga said Cardoso, as the … [Read more…]
By Ikenna Igwe When the United Kingdom rolled out its toughest immigration reforms in decades, few countries felt the tremors as acutely as Nigeria. Beyond individual dreams of study or work abroad, Britain’s policy shift threatens to reshape an entire economic lifeline. The Rules Have Changed Britain’s 2025 immigration overhaul raises the salary threshold for … [Read more…]
The Chief Executive Officer of Air Peace, Mr. Allen Onyema, has stated that the federal government under President Bola Ahmed Tinubu’ administration, made it easy for Nigerian airlines to challenge the status quo on international air routes. Onyema said this on Friday when he used the opportunity to deliver the keynote speech during the Nigeria … [Read more…]
The Central Bank of Nigeria (CBN) has lowered the country’s interest rate by 50 basis points to 27%, marking the first rate cut in 2025. CBN Governor Olayemi Cardoso announced the decision during a press briefing on Tuesday following the 302nd Monetary Policy Committee (MPC) meeting in Abuja. The reduction comes after three consecutive pauses … [Read more…]
Presidency has mocked Atiku, Obi, El-Rufai, Lawal as external reserves hit $41bn, citing Tinubu’s prudent economic management. The Presidency on Thursday mocked opposition coalition leaders, including former Vice President and 2023 presidential candidate on the platform of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar; his counterpart in the Labour Party (LP) and former Anambra … [Read more…]
Eight banks have successfully met the new minimum capital requirements stipulated for their licenses, the Central Bank of Nigeria (CBN) confirmed yesterday. Banks started raising funds last year to meet the CBN’s recapitalization requirement which has a March 2026 deadline. Speaking at a news conference in Abuja at the conclusion of the two-day Monetary Policy Committee … [Read more…]
President Bola Ahmed Tinubu has directed the National Single Window (NSW) Steering Committee to ensure the platform becomes fully operational by the first quarter of 2026. The directive was delivered during Tuesday’s fifth steering committee meeting at the State House, Abuja. The President was represented by his Chief of Staff, Femi Gbajabiamila. Gbajabiamila said the … [Read more…]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained Monetary Policy Rates at 27.5 per cent Governor of the Central Bank, Olayemi Cardoso, made the disclosure while briefing the media after the 301st MPC meeting in Abuja, on Tuesday. He said the Committee voted to retain Monetary Policy Rates at … [Read more…]
The Federation Account Allocation Committee (FAAC) has shared N1.818 trillion among the federal, state, and local governments as revenue generated in June 2025 — the highest monthly allocation so far this year. The amount was disclosed in a communiqué issued after the FAAC meeting in Abuja for July 2025. The Director of Press and Public … [Read more…]
The Consumer Price Index (CPI) which measures the rate of change in prices of goods and services, eased to 22.22 per cent in June compared to 22.97 per cent the previous month, the National Bureau of Statistics (NBS) said Wednesday. The NBS attributed the 0.76 per cent decrease in the headline index to moderation in … [Read more…]
Headline inflation rate eased to 22.97% in May 2025, relative to the April 2025 headline inflation rate of 23.71%, the National Bureau of Statistics (NBS) said in a new data released on Monday. The NBS data showed that on a month-on-month basis, food inflation rate in May 2025 was 2.19%, up by 0.12% compared to … [Read more…]
…Banking expert Arnold Ekpe takes over leadership Billionaire industrialist Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc, ending a 20-year tenure that shaped the company’s growth and market leadership. The announcement was made by Dangote Sugar Refinery in a statement signed by Company Secretary Temitope Hassan, … [Read more…]