Business

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) maintained its benchmark interest rate at 26.5 percent for the second time. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday at the end of the 306th meeting of the committee in Abuja. Cardoso said, “The committee decided as follows: maintain the monetary policy rate at 26.5 percent.” …

A former deputy director of the Department of State Services, Dennis Amachree, has said Nigeria’s late head of state, General Sani Abacha, died of cardiac arrest during an intimate gathering at the presidential villa in Abuja, dismissing years of conspiracy theories about the military ruler’s death. Amachree made the revelation in her newly released memoir, DSS @40: My Journey Behind …

The Nigerian Civil Aviation Authority (NCAA) has revealed that Indigenous airline, Max Air refunded N182 million to 956 passengers in the second quarter (Q2) of 2026. The NCAA acknowledged the refunds in a post on X on Tuesday, but urged the airline to resolve passenger refund claims more quickly in accordance with Section 19 of the 2023 NCAA Rules. “In …

After extra time in an intense final, a well-coordinated pass between Pedro Porto who sent the ball into the back of the post and Nico Williams who sent the ball into space and Ferren Torres who pushed it into the back of the net, Spain scored the winning goal in the 105th minute. Playing against a 10-man Argentina team, Spain …

The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), conducted a bond auction yesterday, offering a total of $1.2 trillion across three reopened maturities. According to a circular obtained by the authority, the size of the offering remained unchanged from June, reinforcing the government’s high financing requirements amid persistent fiscal pressures. The issuance will be evenly split, …

The Minister of Finance and Coordinating Minister for the Economy, Taiwo Oyedele, has explained that the sharp rise in the profile of Nigerian departments is largely due to the depreciation of the naira, and not necessarily due to new borrowings by the Federal Government. Oyedele made the clarification on Monday while addressing the Senate committee on finance on the state …

Post views: 103 Join us for another life-changing session focusing on mental health in the workplace. This event will bring together community members, professionals and organizational leaders to:1. Learn more about mental health in the workplace and its impact on productivity and wellbeing2. Receive a practical toolkit for effectively managing stress, burnout and overwhelming challenges in the workplace3. Develop …

Africa’s richest businessman, Aliko Dangote, has reportedly closed a nearly $2.5 billion private equity placement for Dangote Petroleum Refinery & Petrochemicals FZE, in what analysts describe as a significant milestone ahead of the company’s anticipated initial public offering (IPO), which is expected to be the largest in Africa’s history. According to a Bloomberg report, the transaction involved the sale of …

…He says the debt increase of over N40tn resulted from the depreciation of Naira …Explain to the Senate the ways and means of securitization of N33tn Daud Olatunji Finance Minister and Coordinating Minister for Economy, Taiwo Oyedele, on Monday said the sharp rise in Nigeria’s public debt from about N75tn to over N140tn under the administration of President Bola Tinubu …

The Abia State Government and other South East governments, experts, stakeholders, community leaders and civil society organizations have been urged to urgently strengthen flood preparedness and climate adaptation measures following forecasts by the Nigerian Meteorological Agency (NiMet) of increased rainfall and thunderstorms in several parts of the country. The appeal was made by the Foundation for Environmental Rights, Advocacy and …