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CBN Retains Interest Rate at 26.5%

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...

Peter Obi Cleared to Contest NDC Presidential Primary Ahead of 2027 Election

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...

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Umahi awards N545bn Carter Bridge rebuild to CCECC

Works Minister David Umahi handed the N545 billion Carter Bridge reconstruction contract to CCECC and ordered an emergency closure of one Eko Bridge carriageway.

Oyedele opens talks to clear FG contractor debt backlog

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 denies First Bank dividend blame, eyes legal action

Nestoil rejected reports linking it to First Bank's dividend halt, blamed a CBN forbearance directive, and threatened defamation suits against banks and media.

Ovia Steps Down as Zenith Bank Chairman After 12 Years

KEY POINTS Jim Ovia retired as chairman of Zenith Bank after completing the mandatory...

African nations threaten retaliation over S’Africa attacks

African nations including Tanzania, Botswana and Nigeria are threatening retaliatory action against South Africa over a fresh wave of xenophobic attacks targeting foreign nationals.

Gunmen Abduct Two IBEDC Workers in Ogun

KEY POINTS Two IBEDC workers were abducted by gunmen while on duty in Ogun...

NYSC Member, Three Others Killed in Bandit Attack on Katsina Highway

KEY POINTS Four people, including an NYSC member, were killed in a bandit attack...

Boko Haram Agrees to Release 50 Hostages Amid Fears for Hundreds Still Held

KEY POINTS A faction of Boko Haram agreed to release 50 women and children...

Police Launch Search for Abducted 17-Year-Old FUTO Student

KEY POINTS A 17-year-old student of Federal University of Technology Owerri was abducted in...

Ayeni Remanded in Kuje Over Alleged N8bn Money Laundering Case

KEY POINTS Tunde Ayeni has been remanded in Kuje prison after pleading not guilty...

Kano Set to Swear In New Deputy Governor Garo

KEY POINTS Murtala Sule Garo has been confirmed and is set to be sworn...

Ogun Pilgrims Arrive Saudi Arabia as Gateway Airport Records First International Flight

KEY POINTS Gateway International Airport recorded its first international flight, transporting Ogun pilgrims for...

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CBN Retains Interest Rate at 26.5%

KEY POINTS The Central Bank of Nigeria retained the benchmark interest rate at 26.5%...

Peter Obi Cleared to Contest NDC Presidential Primary Ahead of 2027 Election

KEY POINTS Peter Obi was cleared by the NDC screening committee to contest its...

Desmond Elliot Withdraws from Lagos APC Primary, Alleges Intimidation of Supporters

KEY POINTS Desmond Elliot withdrew from the APC primary for Surulere 1, citing intimidation...

Tonye Cole Withdraws from Rivers APC Governorship Primary Ahead of 2027 Election

KEY POINTS Tonye Cole withdrew from the Rivers APC governorship primary after consultations with...