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Court voids CBN’s removal of Union Bank board

A Federal High Court in Lagos has nullified the CBN's January 2024 removal of Union Bank's board and ordered the immediate reinstatement of the bank's former leadership.
News

Court Adjourns El-Rufai Fraud Case to March 31 as Ex-Kaduna Governor Files Bail Application

KEY POINTS A Federal High Court in Kaduna adjourned Nasir El-Rufai’s alleged fraud case...
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...
Business

Nigeria’s Inflation Rate Dips Slightly to 15.1%

KEY POINTS Nigeria’s inflation rate edged down to 15.1 percent in January 2026, showing...
Business

Nigeria Inflation Eases to 15.15% in December as NBS Revises Methodology

KEY POINTS Nigeria headline inflation slowed to 15.15 percent in December 2025, reflecting a...
News

Economy: Experts Question Federal Government’s Positive Assessment

Analysts say Nigeria’s economic gains are largely on paper, with macro improvements yet to translate into real relief for citizens. Experts urge targeted reforms for inclusive growth.
News

CANMPEF Warns Inflation, Taxes Threaten Industrial Growth

CANMPEF warns inflation, taxes, and forex issues threaten Nigeria’s industrial stability despite modest growth in 2024.
News

Food Imports Surge 45% as Local Production Struggles to Keep Up

Nigeria’s food imports jumped 45% in H1 2025 as insecurity and weak agricultural output hurt local production capacity.
News

Nigeria’s Inflation Crisis Pushes Workers and Employers to the Edge

Nigeria’s inflation crisis is eroding wages and threatening jobs, NECA warns, urging government action to stabilize businesses and protect workers.
Business

Silent Profiteers: How Nigeria’s Inflation Crisis is Making the Rich Richer

KEY POINTS Nigeria’s inflation crisis is enriching politically connected importers, wholesalers, and landlords who...
News

The Quiet Exodus: Why Nigeria’s Middle Class is Trading City Lights for Rural Living

KEY POINTS Rising inflation, insecurity, and urban stress are driving middle-class Nigerians to relocate...
News

The Owambe Economy: Celebrating Through Crisis in an Era of Soaring Inflation

KEY POINTS Despite soaring inflation, Nigeria’s owambe celebrations remain widespread, with families spending millions...
News

Five Nigerian Cities Experiencing the Fastest Rising Cost of Living in 2025

KEY POINTS Lagos, Abuja, Port Harcourt, Uyo, and Jos are the top five Nigerian...
Business

Nigeria’s Inflation Rate Declines to 23.71% in April

KEY POINTS Nigeria's annual inflation rate decreased to 23.71% in April 2025 from 24.23%...
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News

Court voids CBN’s removal of Union Bank board

A Federal High Court in Lagos has nullified the CBN's January 2024 removal of Union Bank's board and ordered the immediate reinstatement of the bank's former leadership.
News

Court Adjourns El-Rufai Fraud Case to March 31 as Ex-Kaduna Governor Files Bail Application

KEY POINTS A Federal High Court in Kaduna adjourned Nasir El-Rufai’s alleged fraud case...
News

Labour Party Signals 2027 Presidential Ticket Will Emerge from Southern Nigeria

KEY POINTS Labour Party initially indicated its 2027 presidential ticket would be zoned to...
News

Power Minister Adebayo Adelabu Apologises to Nigerians Over Persistent Outages

KEY POINTS Power Minister Adebayo Adelabu apologises for widespread electricity outages affecting homes, businesses,...

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