In a series of regulatory guidelines issued last week, the Central Bank of Nigeria (CBN) introduced new measures aimed at strengthening security, transparency and consumer protection across Nigeria’s financial services sector. Released through several circulars between March 10 and March 13, 2026, the new rules cover areas including instant payments, ATM deployment, fraud monitoring, Bank …
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 Chairman of the Independent National Electoral Commission (INEC), Joash Amupitan, has said credible elections remain a top priority for Nigeria as the country continues to strengthen its democratic process. Amupitan made the remark on Monday in Abuja while receiving members of the Alumni Association of the National Institute for Security Studies (AANIS) during a …
The recent escalation of conflict in the Middle East, involving the US, Israel, and Iran, has highlighted the vulnerability of Nigeria to global energy shocks despite being a major oil producer, as fuel prices. The conflict has once again highlighted a significant paradox in the Nigerian economy: while a rise in global crude prices (now …
President Bola Tinubu on Monday swore in Taiwo Oyedele as the new Minister of State for Finance during a brief ceremony at the State House. The oath of office was administered in the president’s first-floor office, formally ushering Oyedele into the Federal Executive Council (FEC). Oyedele’s appointment followed a minor cabinet reshuffle in which the …
Several passengers suffered injuries on Monday when an Abuja-bound train from Kaduna derailed following a collision near Asham, the Nigerian Railway Corporation confirmed. Managing Director Kayode Opeifa told reporters that no one has died. Injured passengers received medical attention at Idu train station. He added that the NRC has launched an investigation to determine the …
Ahead of the proposed reconciliation meeting between the faction of the Peoples Democratic Party (PDP) led by Tanimu Turaki and the camp loyal to the Minister of the Federal Capital Territory, Nyesom Wike, the Wike group has outlined two conditions it described as non-negotiable. The meeting between the two camps is expected to take place …
The Federal Government has alleged that an embattled mining company, Jupiter Ltd, is planning what it described as a “campaign of calumny” against Nigeria during the forthcoming state visit of President Bola Tinubu to the United Kingdom. The government said the alleged move followed a dispute over revoked mineral licences and was aimed at discrediting …
Nigeria’s plan to generate up to $200 billion in non-oil export revenue over the next five years is facing serious uncertainty as the escalating conflict between Iran and Israel disrupts global shipping routes and drives up logistics costs. Exporters and supply-chain experts warn that the crisis in the Middle East is already inflicting losses on …
The Governor of Bauchi State, Bala Mohammed, is expected to join the ruling All Progressives Congress (APC) on Tuesday as part of his ongoing political realignment. Mohammed had resolved to leave the Peoples Democratic Party (PDP) after holding a meeting with President Bola Tinubu and leaders of the APC. Conditions for Defection THISDAY reports that …
