Nigeria Pays 4x Higher Debt Interest Rates , Says G-24’s Masha

  Developing economies including Nigeria continue to pay interest rates three to four times higher than advanced countries, a disparity driven by weak revenue structures and risk assessment methodologies that ignore long-term economic potential, the Director of the Intergovernmental Group of 24 (G-24), Dr. Iyabo Masha, has said. Masha made the disclosure on Friday during…

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Nigerian Star Oba Femi Retires Brock Lesnar at WM42

  Isaac Odugbesan, the Lagos-born WWE superstar known to millions as Oba Femi, achieved what few in professional wrestling could have predicted—defeating 10-time WWE Champion Brock Lesnar in under five minutes during his WrestleMania debut on Sunday. The match, which stood among the headline bouts of WrestleMania 42, concluded with Lesnar removing his wrestling gear…

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IMF Backs Nigeria’s N4.65tn Bank Recapitalisation

  The International Monetary Fund has offered a definitive endorsement of Nigeria’s freshly concluded bank recapitalisation programme, describing the policy as a timely buffer against global oil volatility and a cornerstone for the country’s projected 4.1 per cent economic expansion in 2026. During the 2026 Spring Meetings of the World Bank and the IMF in…

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JAMB Releases UTME Results for Monday Candidates

JAMB Releases Latest UTME Results, Warns Against Fraud

The Joint Admissions and Matriculation Board has released 632,788 results from the 2026 Unified Tertiary Matriculation Examination conducted this past Thursday. Candidates can now access their performance data by sending “UTMERESULT” to the official service numbers, 55019 or 66019. The Board specifies that this access remains limited to viewing only; official printing options remain unavailable…

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Nigerian Airlines Pause Shutdown After Government Intervention

Nigerian Airlines Pause Shutdown After Government Intervention

Airline operators have temporarily shelved plans to cease flight operations, averting a national transport crisis scheduled for 20 April. The Airline Operators of Nigeria (AON) agreed to the pause following an emergency appeal from the Minister of Aviation and Aerospace Development, Festus Keyamo. The government warned that a shutdown would cripple the economy and devastate…

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Cash Levels Ease as Banks Claw Back Liquidity

CBN Launches New Overnight Benchmark to Modernise Markets

The Central Bank of Nigeria has launched the Nigerian Overnight Financing Rate (NOFR) to serve as the primary benchmark for the domestic money market. Developed alongside the Financial Markets Dealers Association, the rate replaces older, fragmented methods of measuring short-term liquidity. It aims to improve transparency and sharpen the transmission of monetary policy. The bank…

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Presidency Claims Nigeria Is Wealthy

Presidency Claims Nigeria Is Wealthy

Nigeria is not a poor country. Dr. Tope Fasua, Special Adviser to the President on Economic Affairs, insists the nation suffers from structural inequality rather than a lack of resources. He argues that persistent narratives of poverty distract from the actual work of fixing the economy. Wealth exists within the system, he claims, hidden by…

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