United Capital Research (UCR) has predicted that Nigeria’s headline inflation rate will drop to 20.83 per cent in August 2025, down from 21.88 per cent in July 2025. The pan-African financial services institution said its forecast is based on a combination of factors, including decreasing prices of major food items, relatively stable energy prices, especially …
The Edo State Independent Electoral Commission (EDSIEC) has announced plans to conduct councillorship by-elections in 63 wards across 15 local government areas of the state. However, there are conflicting reports regarding the actual number of wards and councils involved. While EDSIEC Chairman Jonathan Aifuobhokhan told journalists that the election would take place in 1,485 polling …
The Federal Capital Territory (FCT) Police Command has confirmed a fatal motor vehicle accident that occurred on 3rd September 2025 at about 1:30 p.m. along the Nnamdi Azikiwe Expressway by Mabushi underbridge, which claimed the lives of a couple. According to a statement from the command, preliminary investigations revealed that a grey Toyota Highlander (registration …
The Central Bank of Nigeria (CBN) said it has created a new compliance department to strengthen oversight of non-prudential and emerging risks in the financial institutions. It disclosed this in a circular on Thursday, September 4. It said the new department was created in the first quarter of this year and became operational in the …
First Bank of Nigeria Limited has confirmed a service disruption affecting its key digital banking channels, making it unable for customers to access the platforms and complete transactions. The oldest Nigerian bank disclosed this in a circular on Thursday, September 4. It said the downtime is currently affecting transactions carried out on its FirstMobile, FirstOnline, …
President Bola Ahmed Tinubu will today depart Abuja for a 10-day working vacation in Europe, the State House has confirmed. In a statement released by his Special Adviser on Information and Strategy, Bayo Onanuga, the President is scheduled to spend the period between France and the United Kingdom before returning to Nigeria. The trip …
The federal government has dismissed claims that it increased the pump price of Compressed Natural Gas (CNG), clarifying that recent adjustments were made by private investors. In a statement on Thursday, the Brands and Corporate Communications Manager of the Presidential Compressed Natural Gas Initiative (PCNGI), Matilda Johnson, described reports attributing price hikes to government directives …
The Defence Headquarters (DHQ) has revealed that troops of Operation Delta Safe foiled oil theft worth ₦545,872,819 in August. The Director of Defence Media Operations, Maj.-Gen. Markus Kangye, disclosed this during the monthly military operations briefing on Thursday in Abuja. READ ALSO: Troops Foil Abduction, Rescue Six Children in Katsina Village Kangye said troops recovered 619,236 …
The Federal Competition and Consumer Protection Commission (FCCPC) has directed all digital lenders, also known as loan apps, to register with it within 90 days or risk a fine of ₦100 million. The directive is contained in the new regulations the FCCPC rolled out to address digital lenders' abusive practices, harassment of borrowers and breach …
The Securities and Exchange Commission (SEC) has approved a new cycle to be allowed for settlement of capital market transactions in two days (T+2). Chief Executive Officer (CEO) of the Central Securities Clearing System (CSCS), Haruna Jalo-Waziri, said on Wednesday, September 3. He noted that following the SEC approval, the Nigerian capital market will migrate …
