The Centre for the Promotion of Private Enterprise (CPPE) has called on the Central Bank of Nigeria (CBN) to address structural bottlenecks in the financial system and push for stronger fiscal discipline to ensure that the benefits of its latest monetary easing are fully realised. The centre's position follows the decision of the CBN's Monetary …
The Central Bank of Nigeria (CBN) said 20 banks have fully met the new minimum capital requirements, with just one month to the March 2026 recapitalisation deadline. CBN Governor Olayemi Cardoso disclosed this on Tuesday during a briefing at the end of the two-day Monetary Policy Committee (MPC) meeting. He said the committee acknowledged the …
The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate by 50 basis points to 26.5 per cent, marking a shift toward moderate monetary easing amid sustained disinflation and improved macroeconomic indicators. CBN Governor Olayemi Cardoso announced the decision on Tuesday at the end of the two-day Monetary Policy Committee (MPC) meeting. He …
Nigeria’s Debt Management Office (DMO) has raised ₦524.28 billion at its February 2026 Federal Government bond auction, falling short of its ₦800 billion offer despite overwhelming investor demand. DMO revealed this in its report on the summary of FBN bond auction results for February 2026, released on Tuesday, February 24. A review of the results …
The Federal Government on Monday, February 23, defended Executive Order 9 (EO9), declaring that the directive is a constitutional enforcement mechanism and not an attempt by the President to usurp the powers of the legislature. It said this in a statement titled 'Executive Order 9: Constitutional Fidelity, Not Executive Overreach,' shared by the Special Adviser, …
Nigeria government has won a final international arbitration against European Dynamics UK Ltd, with a tribunal dismissing claims totalling more than $6.2 million arising from a dispute over a national e-procurement project. The aide to the President on Communication and Publicity, Office of the Attorney General of the Federation and Minister of Justice, Kamarudeen Ogundele, …
Nigeria’s capital market contribution to Gross Domestic Product (GDP) has increased to 33 per cent from 13 per cent in April 2024, reflecting its expanding role in the economy. The growth follows a 125 per cent increase in market capitalisation, which rose to N123.93 trillion from about N55 trillion. The Director-General of the Securities and …
The Centre for the Promotion of Private Enterprise (CPPE) said Nigeria’s recent rebound in capital importation may be encouraging, but underlying structural risks threaten its sustainability. The economic think tank group gave the warning in a statement on Sunday, signed by its Chief Executive Officer, Muda Yusuf. It noted that total capital inflows rose to …
Yiaga Africa has identified a series of operational lapses and integrity concerns that marred the Federal Capital Territory (FCT) Area Council elections held on Saturday, February 21, by the Independent National Electoral Commission (INEC). In a preliminary statement on the exercise, the civic organisation cited the late opening of polling units, redistribution of voters without …
All eyes are on the Central Bank of Nigeria (CBN) as its Monetary Policy Committee (MPC) meets February 23–24 to decide whether to cut the benchmark interest rate or maintain its cautious stance amid shifting macroeconomic signals. The decision comes at a delicate moment for policymakers, balancing moderating inflation against concerns about liquidity and financial …
