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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...
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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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FG domestic borrowing hits N8.1tn in Q1 2026

FG domestic borrowing reached N8.1 trillion in the first quarter of 2026, a 7.4 percent year-on-year rise that already overshoots the quarterly benchmark the 2026 Appropriation Act implies.
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Manufacturing sector taxes climb to N2.05tn in 2025

Nigeria's manufacturing sector contributed N2.05 trillion in total taxes in 2025, with VAT and Company Income Tax both posting double-digit gains, according to the National Bureau of Statistics.
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Flood swamps Lagos primary school as pharma company’s canal project leaves children out of class

A pharmaceutical company's construction project has blocked a Lagos canal, flooding a primary school and keeping hundreds of children out of class.
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SDP’s Adebayo confirms 2027 presidential bid, warns Nigeria is drifting toward one-man rule

SDP leader Prince Adewole Adebayo has confirmed a 2027 presidential run and warned that Nigeria risks one-man rule, not a one-party state.
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Diesel prices ground 80% of Nigeria’s fishing trawlers as 10,000 jobs hang in the balance

Soaring diesel prices have grounded more than 80% of Nigeria's fishing trawlers, threatening 10,000 jobs and pushing up fish prices at markets.
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Nigeria slashes import tariffs on drugs, rice and cars under new 2026 fiscal policy

Nigeria's 2026 fiscal policy slashes import tariffs on drugs, rice and cars, drawing mixed reactions from pharmacists, farmers and auto experts.
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OPS urges Tinubu to halt CETA bill passage

The Organised Private Sector of Nigeria called on President Bola Tinubu on Monday to intervene and halt the CETA bill passage before the National Assembly advances it further.
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Zulum says Jilli market closed before NAF airstrike

Borno Governor Babagana Zulum on Sunday backed the military's airstrike on Jilli market, declaring that the state closed the site five years ago after identifying it as a hub for insurgents and their supply networks.
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Army disputes sabotage claims in Katsina soldier death

The Nigerian Army's 17 Brigade dismissed viral media reports that a soldier who died in Katsina was a victim of internal sabotage or neglect, calling the accounts false.
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Former Kano Lawmaker Aminu Goro Dumps APC, Set to Join ADC

KEY POINTS Aminu Goro has resigned from the APC and is set to join...
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Airstrike on Yobe Market Leaves Over 200 Feared Dead

KEY POINTS Over 200 people are feared dead after a Nigerian airstrike hit a...
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Gunmen Abduct Sapele Council Chairman, Shoot Vigilante in Hotel Attack

KEY POINTS Gunmen abducted Sapele council chairman Bright Abeke during a shooting attack at...
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Business

CBN Retains Interest Rate at 26.5%

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

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...
Politics

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...
Politics

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...