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The Central Bank of Nigeria has been awarded Central Bank of the Year by London-based Central Banking magazine, following a series of monetary reforms credited with stabilising the Nigerian economy after years of macroeconomic distortions. The recognition centres on policy changes introduced under Governor Olayemi Cardoso, who assumed office in October 2023 amid mounting…
Terrorists have killed eight people and severed a vital international trade route after detonating improvised explosive devices (IEDs) in Niger State. The attacks, which occurred early Monday morning, targeted a bridge on the Luma-Babanna road in Borgu Local Government Area and a commercial vehicle travelling between Nuku and Woro. The destruction of the bridge has…
Troops of the Nigerian Army have neutralised dozens of armed bandits in a fierce gun battle at the notorious hideout of bandit kingpin Bello Turji, located deep inside Kagara Forest in Fakai community, spanning Shinkafi Local Government Area of Zamfara State and Isa Local Government Area of Sokoto State. The operation, which took place…
A nationwide assessment of fiscal transparency at the grassroots level has exposed a severe deficit in public access to local government financial information, with only 10 of Nigeria’s 36 states making annual budgets of their Local Government Areas publicly available online. The findings, contained in a report titled “The Missing Tier: Mapping Local…
When President Bola Ahmed Tinubu arrived in the United Kingdom for a state visit hosted by King Charles III, many Nigerians were drawn to the spectacle, the horse guards, the royal reception, and the symbolism of Commonwealth ties renewed at the highest level. Yet, beyond the optics lies a more consequential reality: this is the…
The Nigerian Exchange Limited recorded a significant milestone last week as its all-share index breached the psychological 200,000-point threshold for the first time, settling at 201,156.85 points amid broad-based gains across key sectors and sustained institutional buying interest. The industrial goods sector emerged as the week’s best performer, posting a 9.67 per cent gain to…
A faction of the Peoples Democratic Party under the influence of Nyesom Wike, Nigeria’s Minister of the Federal Capital Territory, has categorically rejected suggestions that it intends to support President Bola Tinubu in the 2027 general elections, insisting instead that the party will field its own presidential candidate when the time arrives for primary…
Nigeria and the United Kingdom have launched a customs cooperation pact to reconcile a staggering £1.2 billion discrepancy in bilateral trade figures. High-level talks in London on March 18 revealed that while the UK recorded £1.7 billion in exports to Nigeria in 2024, Nigerian records accounted for only £504 million. This massive “missing” sum points…
Nigeria’s nascent battle against inflation faces a fresh assault from global energy markets, despite a marginal dip in headline figures. Data for February 2026 shows inflation eased to 15.06% year-on-year, down from 15.10% in January. While this appears positive compared to the 26.27% recorded a year ago, the Centre for the Promotion of Private Enterprise…
The United Kingdom has commenced a strategic expansion of detention infrastructure designed to accelerate the removal of foreign offenders and illegal migrants from British territory, a move coinciding with and directly enabled by a newly formalised bilateral agreement with Nigeria that streamlines the repatriation of thousands of undocumented nationals. The UK Home Office announced yesterday…
