KEY POINTS
The Central Bank of Nigeria retained the benchmark interest rate at 26.5% after the MPC’s 305th meeting.
The decision comes amid a slight rise in Nigeria’s inflation rate from 15.38% to 15.69% in April 2026.
Analysts say the move reflects the CBN’s...
KEY POINTS
Peter Obi was cleared by the NDC screening committee to contest its 2027 presidential primary.
The committee confirmed he met all constitutional and party requirements after a detailed vetting process.
He currently appears to be the sole presidential aspirant in the NDC...
Works Minister David Umahi handed the N545 billion Carter Bridge reconstruction contract to CCECC and ordered an emergency closure of one Eko Bridge carriageway.
Finance Minister Taiwo Oyedele opened talks with indigenous contractors in Abuja, pledging a transparent and structured plan to settle the Federal Government's outstanding debts.
Nestoil rejected reports linking it to First Bank's dividend halt, blamed a CBN forbearance directive, and threatened defamation suits against banks and media.
African nations including Tanzania, Botswana and Nigeria are threatening retaliatory action against South Africa over a fresh wave of xenophobic attacks targeting foreign nationals.