The recent Memorandum of Understanding (MoU) between the Federal Government and the Central Bank of Nigeria (CBN) on fiscal and monetary policy coordination has created a new test for how government borrowing, cash management and monetary policy are coordinated. The Alliance for Economic Research and Ethics said in a statement on Tuesday, through its Chairman, …
The Nigeria Civil Aviation Authority (NCAA) has ordered Air Peace to compensate passengers affected by a delay on a scheduled flight from Lagos to Enugu on Monday, September 21. NCAA stated this through its Director, Public Affairs and Consumer Protection, Michael Achimugu. Achimugu made the disclosure while responding to human rights lawyer, Inibehe Effiong, who …
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 …
Sahara Group has called for increased mobilisation of global capital, sustainable investment and climate finance to close Africa’s infrastructure gap, strengthen economic resilience and accelerate long-term development across the continent. The call was made by Dr Kola Adesina, Group Managing Director, Sahara Power Enterprise Group, at a United Nations General Assembly (UNGA) roundtable on Sustainable …
The Centre for the Promotion of Private Enterprise (CPPE) has called for a review of foreign participation in Nigeria’s retail and distributive trade sector, citing concerns over competition, employment and the enforcement of business and immigration regulations. The CPPE raised the concerns in a statement issued on Sunday, September 20, by its Chief Executive Officer, …
The downstream regulator says it does not fix prices of petroleum products under the Petroleum Industry Act The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has intensified surveillance along Nigeria’s border corridors to curb petrol smuggling and illegal cross-border diversion as rising Premium Motor Spirit (petrol) prices deepen pressure on households, transport operators …
A member of the House of Representatives, Abdulmumin Jibrin, has said President Bola Tinubu will secure at least 65 percent of the votes cast in the 2027 presidential election. Jibrin, who represents Kiru/Bebeji Federal Constituency of Kano State, made the prediction on Channels Television’s Politics Today on Wednesday while discussing Tinubu’s re-election bid and the …
Governments should avoid relying on broad food price subsidies during periods of rising food prices because they can consume scarce public resources while disproportionately benefiting wealthier households, the International Monetary Fund (IMF) has warned. In a report shared on Thursday, September 2026, the IMF said governments should instead diagnose the cause of a food-price shock …
The Federal Government has raised about ₦1.23 trillion through two series of bond issuances under the Power Sector Debt Reduction Programme in an effort to settle verified legacy obligations owed to electricity generation companies (GenCos) and strengthen liquidity across Nigeria’s electricity market. The latest Series II issuance of ₦728.979 billion, completed recently, followed the ₦501.021 …
