Nigerians are feeling the pinch of rising prices, and the Central Bank is taking decisive action. Governor Dr. Olayemi Cardoso reaffirmed the Monetary Policy Committee's (MPC) commitment to keeping interest rates high to combat inflation. This comes after two significant interest rate hikes in 2024, pushing the benchmark lending rate to a record 24.75%.
Dangote refinery marks one year of petrol production, easing Nigeria’s 50-year fuel queues, cutting pump prices, creating jobs, and boosting industrialisation efforts.
The Zamfara mosque attack saw 40 worshippers abducted during dawn prayers, highlighting fragile peace efforts and worsening insecurity in northwest Nigeria