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The Central Bank of Nigeria has kept its benchmark interest rate unchanged at 26.5 per cent following its latest Monetary Policy Committee meeting in Abuja. Central Bank Governor Olayemi Cardoso announced the unanimous hold decision on Tuesday after evaluating lingering domestic risks and global geopolitical market shocks. The apex bank prioritised exchange rate stability and…
The Federal Government has paid N333 billion to clear verified legacy debts owed to eight electricity generation companies. The cash disbursement covers 17 individual power plants across the country under the Presidential Power Sector Financial Reforms Programme. State administrators finalized the payout to relieve severe illiquidity across the domestic power value chain. The transaction completes…
A parliamentary committee has issued a strict 48-hour ultimatum to federal ministries, departments, and agencies stalling its investigation into a phantom government body. The House Ad-hoc Committee investigating the illicit creation and operational history of the Presidential Foreign Investment Promotion Council declared Thursday as the final deadline for recalcitrant civil servants. Committee Chairman Yusuf Gagdi…
The New Nigeria People’s Party has declared a decisive turn in its protracted internal war, announcing that the Independent National Electoral Commission has restored its original logo on its portal and affirmed the National Working Committee headed by Dr Major Agbo, even as the party uploaded a placeholder presidential candidate ahead of the…
The House of Representatives has launched an investigation into the persistent casualties and property losses suffered by Nigerians living in South Africa. Lawmakers resolved on Wednesday to audit the assets abandoned by over 3,500 citizens evacuated during recent and past xenophobic attacks. Motion sponsor Babajimi Benson warned that lawful Nigerian residents have faced targeted violence…
French lawmakers have voted to ban social media access for children under the age of 15. The legislation makes France the first nation in the European Union to impose a complete digital majority threshold on commercial social platforms. Both houses of parliament adopted the measure late on Tuesday evening following months of intense legislative negotiations….
A rumour that swept across Nigerian social media this week pushed the Minister of Defence, General Christopher Gwabin Musa (retd.), into a rare public rebuttal on Tuesday, as he stepped out of a closed door meeting with President Bola Tinubu at the Aso Rock Villa in Abuja to declare that he had no intention…
Africa has officially overtaken Asia as the continent with the highest number of hungry people for the first time in modern history. The United Nations’ annual State of Food Security and Nutrition in the World report revealed on Tuesday that 309 million Africans suffered from undernourishment last year. While global hunger fell for a third…
Domestic investors dominated trading activities on the Nigerian Exchange Limited during the first half of 2026, controlling roughly 88 per cent of total market transactions. Cumulative market turnover climbed to a massive N9.6 trillion over the six-month period as local capital insulated the equities market from global volatility. Data from the exchange shows local institutional…
A disputed agency that lawmakers say never legally existed has forced the Nigerian state to account for itself in real time, with the House of Representatives on Tuesday handing defaulting government offices a 48 hour ultimatum to produce documents and officials in a probe that has now drawn in two ministers, the National Security…
