The Central Bank of Nigeria (CBN) said 20 banks have fully met the new minimum capital requirements, with just one month to the March 2026 recapitalisation deadline. CBN Governor Olayemi Cardoso disclosed this on Tuesday during a briefing at the end of the two-day Monetary Policy Committee (MPC) meeting. He said the committee acknowledged the …
The National Peace Committee (NPC) has warned that rising incidents of vote-buying, violence and insecurity could undermine the credibility of the Ekiti State governorship election scheduled for June 20, 2026. The warning was issued over the weekend in Ado-Ekiti during a three-day Stakeholders’ Validation Forum organised by the NPC through its secretariat, the Kukah Centre. …
Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Prof. Taiwo Oyedele has said Nigeria’s tax reforms aim to strengthen the capital market while promoting inclusive economic growth. Prof. Oyedele stated this while highlighting the benefits of the benefits of the ongoing tax reforms in Nigeria. He spoke at the 3rd Professor Uche Uwaleke Biennial …
Nigeria’s export of unprocessed raw materials surged to ₦2.9 trillion in the first nine months of 2025, despite the Federal Government’s intensified push for value-added exports and local processing. Latest data from the National Bureau of Statistics (NBS) showed that raw material exports rose by 147.4 per cent from ₦1.174 trillion recorded in the corresponding …
Former Vice President Atiku Abubakar has described the low voter turnout in Saturday’s area council elections in the Federal Capital Territory (FCT) as a sign of a political environment “poisoned by intolerance, intimidation, and the systematic weakening of opposition voices.” In a statement issued on Sunday from his Abuja office, Abubakar accused the administration of …
Nigeria government has won a final international arbitration against European Dynamics UK Ltd, with a tribunal dismissing claims totalling more than $6.2 million arising from a dispute over a national e-procurement project. The aide to the President on Communication and Publicity, Office of the Attorney General of the Federation and Minister of Justice, Kamarudeen Ogundele, …
The All Progressives Congress (APC) has won five chairmanship seats in the Federal Capital Territory (FCT) Area Council elections, while the Peoples Democratic Party (PDP) secured one seat. The elections were conducted by the Independent National Electoral Commission (INEC) on Saturday across the six area councils of the Federal Capital Territory, Abuja Municipal Area Council …
Recently, key economic data have revealed stronger foreign exchange (FX) inflows, tighter Central Bank controls, cooling inflation, and a shift in investor positioning, all of which are reinforcing the naira’s recent gains, although oil revenue and global risk remain key threats. Analysts are beginning to say that the naira’s recent strength is starting to look …
The Federal Government and Japan have launched a $50 million Impact Innovation Fund to support Nigerian startups tackling critical social challenges. This follows agreements signed between the Nigeria Sovereign Investment Authority (NSIA) and the Japan International Cooperation Agency (JICA). The signing ceremony, held at the Ministry of Budget and Economic Planning in Abuja on Friday, …
The Federal Government has assured foreign investors in Nigeria’s solid minerals sector of stronger legal protections for their investments, citing the country’s status as a signatory to the Cape Town Convention on International Interests in Mobile Equipment. The Minister of Solid Minerals Development, Dele Alake, gave the assurance during the signing of an Engineering, Procurement …
