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monetary policy

Tinubu names Gov. Ademola Adeleke Osun coordinator of his 2027 presidential campaign

President Bola Tinubu has appointed Gov. Ademola Adeleke as Osun coordinator of his presidential campaign, and a pro-Adeleke council pledges 1.5 million votes.

Lagos warns of Lekki-Epe road sign thefts as repairs begin

Lagos officials say road signs on the Lekki-Epe Expressway vanish within days of installation and are urging residents to help catch the thieves.

Nigeria’s Central Bank Doubles Down on Inflation Fight

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%.

Supreme Court Extends Validity of Old and New Naira Notes

Nigeria's Supreme Court has ruled in favor of the indefinite legal tender status of both old and new naira notes, impacting the nation's economy.

JP Morgan Forecasts Naira to Reach N850/$ by Year-End: What It Means for Nigeria

JP Morgan, a renowned global financial services company, has made a prediction that the...

Nigeria Faces Naira Pressure, IMF Offers Loan Option

Nigeria’s currency, the naira, is under pressure and the country could seek a loan...

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Tinubu names Gov. Ademola Adeleke Osun coordinator of his 2027 presidential campaign

President Bola Tinubu has appointed Gov. Ademola Adeleke as Osun coordinator of his presidential campaign, and a pro-Adeleke council pledges 1.5 million votes.

Lagos warns of Lekki-Epe road sign thefts as repairs begin

Lagos officials say road signs on the Lekki-Epe Expressway vanish within days of installation and are urging residents to help catch the thieves.

Ogun health workers begin 72-hour warning strike after colleague is stabbed at Abeokuta hospital

Health workers at the Federal Medical Centre, Abeokuta, began a 72-hour warning strike after a laboratory scientist was allegedly stabbed by a patient’s relative at the hospital.

Obasanjo says 13% derivation is only a start for oil-producing states

Former president Olusegun Obasanjo says the 13% derivation is only a starting point for oil producing states, as Bayelsa governor Douye Diri calls it inadequate.