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Fire Hits Building Housing Polaris Bank on Lagos Island

KEY POINTS A fire outbreak affected a 17-storey building housing a Polaris Bank branch on Broad Street, Lagos Island, on Thursday. The blaze started from a stationary saloon car parked on the third floor and was quickly contained by firefighters. No deaths or injuries...
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INEC Begins Distribution of Election Materials in Ekiti as Voter Register Hits 1.06 Million

KEY POINTS INEC has begun distributing sensitive election materials from the CBN in Ado Ekiti under tight security ahead of the June 20 elections. Ekiti’s voter register has risen to over 1.05 million, with PVC collection reaching 97.1% of registered voters. Officials say preparations...

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FirstBank hits N1bn daily disbursement on FirstAdvance

FirstBank says its salary-backed digital loan product, FirstAdvance, has hit a milestone of N1 billion in daily disbursement, reflecting rising customer adoption and trust.
Business

Revenue from VAT and CIT falls 6 Percent to N3.79trn in first quarter

Nigeria's combined revenue from VAT and company income tax fell 6.2 percent to N3.79 trillion in the first quarter of 2026, the NBS has said.
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EU chief hails US-Iran deal to end war and reopen Hormuz

EU Council President Antonio Costa has welcomed a deal between the US and Iran to end the war and reopen the Strait of Hormuz.
Business

Ex-CBN deputy governor Moghalu named Bluecode Africa board chairman

Bluecode Africa has named former CBN deputy governor Kingsley Moghalu chairman of its Nigerian subsidiary's advisory board as the payments firm enters the Nigerian market.
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FCMB appoints Bismarck Rewane non-executive director and board chairman

First City Monument Bank has appointed economist Bismarck Rewane as non-executive director and chairman of its board, following approval from the Central Bank of Nigeria.
Business

CBN Reassigns Four Deputy Governors in Leadership Shake-Up

KEY POINTS The Central Bank of Nigeria has redeployed its four deputy governors in...
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CBN unveils Payment Systems Vision 2028 to drive growth and financial inclusion

CBN Governor Olayemi Cardoso has unveiled Payment Systems Vision 2028, a strategic roadmap to build a secure, inclusive and globally competitive payments ecosystem in Nigeria.
Business

Nigeria’s capital market moves to T+1 settlement cycle

Nigeria's capital market will switch to a T+1 settlement cycle on June 1, bringing the country in line with the US, Canada and India.
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Nigeria’s Economy Slows as GDP Growth Drops to 3.89% in Q1 2026 — NBS

KEY POINTS Nigeria’s economy grew by 3.89% in Q1 2026, according to the National...
Business

UBA opens innovation hub, business office at UNILAG

UBA has opened an innovation hub and business office at the University of Lagos, as chairman Tony Elumelu returned to his alma mater for the commissioning.
Business

Nigeria’s trade surplus jumps 220 percent to $480m

Nigeria's trade surplus jumped 220 percent to $480 million in January as oil exports hit a record, even as weaker cocoa prices dragged non-oil earnings.
Business

CBN Retains Interest Rate at 26.5%

KEY POINTS The Central Bank of Nigeria retained the benchmark interest rate at 26.5%...
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Fire Hits Building Housing Polaris Bank on Lagos Island

KEY POINTS A fire outbreak affected a 17-storey building housing a Polaris Bank branch...
News

INEC Begins Distribution of Election Materials in Ekiti as Voter Register Hits 1.06 Million

KEY POINTS INEC has begun distributing sensitive election materials from the CBN in Ado...
News

Kwara Police Deny Bandit Invasion Rumour in Oke-Oyi

KEY POINTS The Kwara Police confirmed there was no bandit invasion in Oke-Oyi despite...
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FG to Evacuate Over 742 Nigerians From South Africa Amid Rising Xenophobic Attacks

KEY POINTS The Federal Government will evacuate over 742 Nigerians from South Africa before...