The International Monetary Fund (IMF) has warned that the world is being pulled in two directions: a negative energy supply shock from conflicts in the Middle East, and a positive demand shock from artificial intelligence (AI) that is also fuelling inflation. Record public debt is shrinking governments' room to respond. IMF Managing Director Kristalina Georgieva …
The U.S. Consulate General in Lagos has marked a major milestone in the construction of its new consulate compound at Eko Atlantic City with a topping-out ceremony to celebrate the completion of the building’s highest structural point. The New Consulate Compound is a tangible expression of the importance the United States places on its relationship …
The Chief Executive Officer (CEO) of Nigerian Exchange Limited (NGX), Jude Chiemeka, has been elected President of the African Securities Exchanges Association (ASEA), effective September 30, 2026. Chiemeka, who also chairs the West African Capital Markets Integration Council (WACMIC), succeeds Pierre Célestin Rwabukumba, CEO of the Rwanda Stock Exchange. His appointment comes as ASEA seeks …
The British High Commission in Nigeria has commended Lloyd's Register for its support for emerging Nigerian leaders through the UK Government's Chevening Scholarship Programme. Under the partnership, outstanding Nigerian professionals in maritime-related fields can pursue fully funded master's degrees at leading UK universities. Lloyd's Register, a provider of engineering, technology and professional services for the …
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has launched the 2026 Licensing Round, offering 40 oil and gas blocks to investors. The Commission Chief Executive, Mrs. Oritsemeyiwa Eyesan, announced the round at the NUPRC's fifth anniversary ceremony in Abuja on Tuesday. The event was themed "From Uncertainty to Stability: Unlocking the Next Phase of Investment." …
NPF Pensions Limited says it is taking its services directly to police retirees through a WhatsApp platform that has already onboarded almost 100,000 officers, even as it widens its investment options to sustain returns after the recent reduction in the Monetary Policy Rate (MPR). The Acting Managing Director of NPF Pensions, Mr Mohammed Dutse, disclosed …
The Federal Government has cleared all inherited pension liabilities, some dating back to 2007, through an N758bn intervention bond, providing long-awaited financial relief to 957,045 beneficiaries across the country. The Director-General of the National Pension Commission (PenCom), Ms Omolola Oloworaran, announced this in her keynote address, titled "From Reform to Reality: Renewed Hope, Pension Security …
The Central Bank of Nigeria (CBN) has cut its benchmark interest rate — the Monetary Policy Rate (MPR) — from 26.5% to 23%, a reduction of 350 basis points. The decision was taken by the Monetary Policy Committee (MPC) at its 307th meeting on September 22, 2026. The MPR is the rate at which the …
The Chartered Institute of Bankers of Nigeria (CIBN) has charged financial journalists to play a critical role in sustaining the gains of banking sector recapitalisation, tax reforms and the fintech revolution, saying the success of economic reforms depends largely on accurate, timely and responsible reporting. The Institute said effective public communication remained essential to the …
The Nigeria Deposit Insurance Corporation (NDIC) has urged Nigerians to move more of their funds into the formal banking system, assuring depositors that the increase in deposit insurance coverage from N500,000 to N5 million has significantly strengthened protection for customers of deposit money banks. The Corporation said the revised limit, which now fully covers 98.98 …
