Nigeria's foreign exchange reserves have reached a significant milestone, hitting $43.03 billion as of September 25, 2025—the highest level in six years. This was disclosed by the central bank governor, Yemi Cardoso, at the end of the Monetary Policy Committee meeting today in Abuja. This marks a substantial recovery from the low of $37.18 billion …
The Central Bank of Nigeria (CBN) has announced a reduction in the Monetary Policy Rate (MPR) by 50 basis points, bringing the rate down to 27%. This decision was made at the conclusion of the CBN’s Monetary Policy Committee (MPC) meeting, where all 12 members of the committee were in attendance. In addition to the …
The broader African cryptocurrency market continues to show promise, with Bitcoin (BTC) trading at approximately $113,006, marking a 0.14% increase over the past 24 hours. Ethereum (ETH) is priced around $4,196, reflecting a slight 0.31% gain. Other prominent cryptocurrencies like Binance Coin (BNB), Cardano (ADA), and Solana (SOL) are also experiencing minor fluctuations. These price …
The National Pension Commission (PenCom) has introduced a new programme, Pension Revolution 2.0, aimed at raising the pay of retirees, improving pensioners’ dignity, and extending pension services to millions of Nigerians, including those in the informal sector. The Director-General of PenCom, Ms. Omolola Oloworaran, announced the initiative in a statement on Monday. She explained that …
A political advocacy group, the South-North Progressive Forum (SNPF), has begun a nationwide campaign demanding that the presidency be zoned to the South in the 2027 general elections. Speaking at a press conference in Abuja on Sunday, the group’s chairman, Comrade Festus Onyekwulisi, said the move was necessary to address historic imbalances in Nigeria’s leadership …
The Federal Capital Territory (FCT) Police Command has recovered the body of an unidentified woman from Jabi Lake in Abuja. The discovery was reported to Jabi Division around 10:37 a.m. on Saturday, following a distress call from Jabi Lake Recreation. Detectives dispatched to the scene found the body of a woman, believed to be about …
Billionaire businessman, Femi Otedola, has waded into the controversy between Dangote Group and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN). Otedola, who is the chairman of Geregu Power Plc, commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, for the success achieved so far since the Dangote Refinery commenced operations. In …
Enugu State on Monday entered a new chapter in its history as Governor Peter Mbah formally launched the transition from conventional primary and junior secondary schools to Smart Green Schools – his administration’s flagship educational initiative. In a statewide broadcast, Governor Mbah described the transformation as a deliberate move away from outdated school structures and …
The National Drug Law Enforcement Agency (NDLEA) has intensified its war on drug trafficking with arrests and seizures in Lagos, Zamfara, Adamawa, Edo, Yobe, and Taraba States. At Murtala Muhammed International Airport (MMIA), Lagos, operatives intercepted two passengers who ingested narcotics before leaving Brazil. On September 16, NDLEA officers arrested Ofoma Sunday, 46, after he …
Award-winning actress Kehinde Bankole has marked her 20th year in Nollywood with gratitude and reflection, sharing celebratory photos and a heartfelt message on Instagram. Bankole described her two-decade journey in the industry as one filled with “lights, camera, and unforgettable moments on stage”. She credited her success to God and extended appreciation to her family, …
