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Nigeria’s central bank has reduced its benchmark lending rate for the first time in years, signalling a cautious but consequential shift in monetary policy direction as the country’s economic managers begin to ease the aggressive tightening that defined much of the past two years. The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, announced on…
Fidet Okhiria, the long-serving former managing director of the Nigerian Railway Corporation (NRC), now finds himself in a different kind of station. Arraigned before a Lagos court on a seven-count charge, Mr. Okhiria is accused of money laundering, abuse of office, and “unlawful enrichment,” the polite legal term for a public official getting rich on…
Mr. El-Rufai, a man whose career has been defined by a sharp tongue and an even sharper intellect, now finds himself ensnared by his own rhetoric. The DSS alleges that during a televised interview, he essentially confessed to tapping the phone of Nuhu Ribadu, the National Security Adviser. It is a charge that manages to…
An alleged armed attack on former presidential candidate Peter Obi and chieftains of the African Democratic Congress (ADC) in Benin City, Edo State on Tuesday has thrown fresh alarm over the safety of opposition political figures in Nigeria, with bullet holes left on the gate of former All Progressives Congress National Chairman Chief John Odigie-Oyegun’s…
Nigeria’s National Assembly is rarely accused of moving too slowly when money is on the table. Yet, the decision to postpone plenary resumption from February 24th to March 5th suggests a rare outbreak of diligence. The official reason is the need for committees to conclude budget defense sessions with government agencies. The unofficial reality is…
The Nigerian presidency has a penchant for polite fiction. On Tuesday, the official word was that Kayode Egbetokun, the Inspector-General of Police, had resigned to attend to “family issues.” The reality is more clinical. Mr. Egbetokun was summoned to the Villa on Monday evening and told his time was up. In the language of Abuja’s…
ABUJA — The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate by 50 basis points to 26.50 per cent. This pivotal decision emerged following the 304th Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday. CBN Governor Olayemi Cardoso confirmed that all committee members unanimously supported the rate cut from its…
LONDON — Nigerian disc jockey and philanthropist Florence Ifeoluwa Otedola, famously known as DJ Cuppy, has unveiled her strategic formula for professional success. Addressing the King’s College London graduating Class of 2026, the Oxford-educated entertainer reflected on her evolution from a business student to a global brand. She delivered the commencement speech at her alma…
The Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered an immediate safety audit following a fire at Murtala Muhammed International Airport. He directed the management of the Federal Airports Authority of Nigeria to reconvene for a joint inspection of Terminal 1. Authorities will begin the evaluation by 9:00 am to guide recovery efforts….
The United States Congress has urged President Donald Trump to negotiate a far-reaching bilateral pact with Nigeria. Lawmakers want Washington and Abuja to jointly protect vulnerable Christian communities and dismantle jihadist networks. They also seek to counter expanding Chinese and Russian influence across Nigeria’s security and mining sectors. Congress anchored its demand on Nigeria’s…
