Nigeria’s headline inflation rate declined slightly to 15.06 per cent in February 2026, indicating a continued but gradual easing of price pressures across the economy. Data released on Monday by the National Bureau of Statistics (NBS) showed the rate slipped by 0.04 percentage points from 15.10 per cent recorded in January. Although marginal, the drop …
The Centre for the Promotion of Private Enterprise (CPPE) has outlined measures businesses and government can adopt to cushion the impact of rising petroleum product prices. CPPE Chief Executive Officer Muda Yusuf made the recommendations in an advisory note issued on Sunday, March 15. He warned that the escalating cost of energy could further strain …
Sacked former deputy governor of the Central Bank of Nigeria (CBN), Bala Bello, has expressed gratitude to President Bola Tinubu following his appointment as Special Adviser to the President on Political Economy. According to Bello, the new role will allow him to contribute more directly to the administration’s reform agenda. It will also allow him …
Warnings of severe flooding in 2026 are casting a spotlight on infrastructure resilience in Edo State, even as the government ramps up spending on roads, bridges and public assets aimed at stimulating economic activity. The Nigerian Meteorological Agency (NiMet) has predicted above-normal rainfall during the 2026 rainy season, identifying Edo as one of the states …
Nigeria’s banking sector has raised a combined ₦3.85 trillion in fresh capital as of March 12, 2026, according to the latest update from the Proshare Nigeria Banking Sector Recapitalisation Compliance Tracker. The figure underscores the scale of the industry’s push to meet new regulatory capital thresholds ahead of the Central Bank of Nigeria’s (CBN) March …
The Central Bank of Nigeria (CBN) has directed banks to deny new credit and certain banking services to large borrowers with non-performing loans, as part of efforts to strengthen credit discipline and protect financial system stability. In a circular dated March 12, 2026 and addressed to all banks, CBN said the directive was issued to …
The Central Bank of Nigeria (CBN) has introduced new operational requirements for instant payments and stricter rules governing Bank Verification Number (BVN) operations as part of measures to strengthen fraud detection and ensure financial system stability. In a circular issued on Thursday and signed by the Director of the Payments System Policy Department, Musa Jimoh, …
President Bola Ahmed Tinubu has approved the nomination of Lamido Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN), subject to Senate confirmation. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed this in a statement on Wednesday, March 11. He stated that the appointment is in accordance with …
The Central Bank of Nigeria (CBN) has given deposit money banks an 18-month deadline to fully comply with new baseline standards. The baseline standards require the deployment of automated anti-money laundering (AML) solutions aimed at strengthening the fight against financial crimes in the country. The CBN has the directive in a circular dated March 10 …
The Securities and Exchange Commission (SEC) on Tuesday launched its inaugural Regulator/Fintech Clinic to close regulatory gaps. The initiative is aimed at improving engagement with Nigeria’s fast-growing financial technology (fintech) sector and strengthening regulatory oversight. It is designed to align innovation with regulatory compliance while ensuring stronger investor protection across the country’s digital finance ecosystem. …
