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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

Cardoso wins Central Bank Governor of the Year award

CBN Governor Olayemi Cardoso has won the Central Bank of the Year award in London, dedicating the recognition to the apex bank's board, management and staff.
News

Business confidence in the macroeconomy rises to 7.9 index points, says CBN

Business confidence in Nigeria's macroeconomy rose to 7.9 index points in May from 3.9 in April, the CBN says, even as consumers remained pessimistic.
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.
Business

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 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.
News

Capital importation jumps 182 percent to $3.52 Billion

Nigeria's capital importation jumped 182% to $3.52bn in January, driven almost entirely by foreign portfolio investment, while foreign direct investment collapsed by 80 percent.
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.
Politics

Tinubu says subsidy cabals want him dead

President Bola Tinubu says oil subsidy and exchange rate cabals want him dead, blaming the threat on the reforms he launched after taking office in 2023.
Business

CBN Retains Interest Rate at 26.5%

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

CBN closes bank recapitalization with N4.65trn fresh capital

The Central Bank of Nigeria has concluded the Nigeria bank recapitalization programme, with 33 deposit money banks raising a combined N4.65 trillion in fresh capital over 24 months.
Business

Naira Strengthens to Highest Level Since February

KEY POINTS The naira appreciated to N1,355/$, its strongest level since February 2026. Rising...
Business

CBN Cuts Interest Rate to 26.5% as Inflation Eases

KEY POINTS The CBN reduced its benchmark interest rate from 27% to 26.5%, signaling...
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News

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...
News

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...