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Olayemi Cardoso

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“He suffered because he was poor”: Lawyers say police broke the law by detaining Oyo student over N8,000

New details show the N8,000 debt Oyo police said was irrelevant appears on Al-Amin Mohammed's charge sheet, as lawyers say detaining a debtor is illegal.
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Plateau women block Jos-Mangu highway after gunmen kill three vigilantes, including youth leader, on night patrol

Women and youths in Kassa community, Barkin Ladi, blocked the Jos-Mangu highway for hours on Friday after gunmen killed three vigilantes, including the youth leader.
Business

Cardoso warns bank directors to strengthen governance or face regulatory action

CBN Governor Olayemi Cardoso has warned Nigerian bank directors to strengthen corporate governance or face decisive regulatory action following the recent recapitalization exercise.
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CBN, NCC Sign MoU To Tackle SIM-Related Fraud in Nigeria

The Central Bank of Nigeria and the NCC have signed a memorandum of understanding to tackle SIM-related fraud and launch a shared phone-number risk portal.
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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

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...
News

CBN Holds Benchmark Interest Rate at 27 Percent

The Central Bank of Nigeria has held its benchmark rate at 27 percent, keeping pressure on inflation while signaling caution on economic risks.
Business

Foreign Investors Back Nigeria’s Reform-Driven Economic Outlook

Investors at a Washington forum back Nigeria’s economic reforms, citing stronger FX markets, record reserves, and sustainable growth targets.
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Naira Holds Steady as Dollar Trades Around ₦1,472 Amid Market Jitters

The dollar to naira exchange rate today steadies at ₦1,472, supported by improved liquidity and cautious CBN intervention.
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Naira Strengthens to 1,518 Per Dollar on Parallel Market

Naira rises in parallel market to ₦1,518 as central bank oversight and dollar flows ease speculative pressure.
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Cardoso Calls for Skilled Graduates to Strengthen Finance Sector

CBN Governor Olayemi Cardoso stresses the need for more skilled finance graduates to drive Nigeria’s economic growth, calling for enhanced collaboration with academic institutions.

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“He suffered because he was poor”: Lawyers say police broke the law by detaining Oyo student over N8,000

New details show the N8,000 debt Oyo police said was irrelevant appears on Al-Amin Mohammed's charge sheet, as lawyers say detaining a debtor is illegal.
News

Plateau women block Jos-Mangu highway after gunmen kill three vigilantes, including youth leader, on night patrol

Women and youths in Kassa community, Barkin Ladi, blocked the Jos-Mangu highway for hours on Friday after gunmen killed three vigilantes, including the youth leader.
News

How Aliko Dangote’s refinery turned Nigeria into a petrol exporter worth nearly N1 trillion in six months

Aliko Dangote's refinery has turned Nigeria from a heavy petrol importer into an exporter earning N998.5 billion in the first half of 2026, NBS data show.
News

Obi insists he left Anambra debt-free, says World Bank loans were federal support drawn after he left office

Peter Obi says he never borrowed money or issued bonds as Anambra governor, rejecting the state government's claim that his tenure left N127.4 billion in external debt.