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CBN Reduces Interest Rate To 26.50%
The Central Bank of Nigeria has cut the interest rate by 50 basis points to 26.50 percent from 27 percent Nigeria’s apex bank announced this during its 304th Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday.
Lagos to Host 2026 Fanti Carnival in April at Tafawa Balewa Square
The Lagos State Ministry of Tourism, Arts and Culture has announced plans for the 2026 edition of the Lagos Fanti Carnival, a colourful cultural festival aimed at celebrating the state’s rich Afro-Brazilian heritage.
NNPC, NUPRC fear financial squeeze after Tinubu’s order
Fresh questions, concerns, and uncertainty have deepened at the oil and gas agencies affected in the wake of President Bola Tinubu’s new executive order directing immediate reallocation of oil and gas revenues to the Federation Account for onward distribution among the three tiers of government.
2027 polls: APC, 4 parties ready, 16 others in candidates’ crisis
ABUJA — The release of the timetable for the February 20, 2027 general elections by the Independent National Electoral Commission, INEC, may have caught most of the registered political parties in the country unprepared for the contest, and they have a tough nut to crack to make up for lost ground.
Dangote Refinery, NNPCL Will Work Together, ‘Make Nigerians Proud’ — Dangote
President of the Dangote Group, Aliko Dangote, says his company will deepen cooperation with the Nigerian National Petroleum Company Limited (NNPC Ltd.) to strengthen operations at the Dangote Refinery and deliver wider benefits to Nigerians.
Sterling HoldCo Allots Shares in Oversubscribed Public Offer
Lagos, Nigeria: Sterling Financial Holdings Company Plc ("Sterling HoldCo" or "the Group") has announced the commencement of the allotment process for its 2025 Public Offer of 12,581,000,000 ordinary shares of 50 kobo each at ₦7.00 per share.
President Tinubu Defends Electoral Act Amendment, Says Credible Polls Depend on Process Integrity
President Bola Ahmed Tinubu on Wednesday defended his decision to sign the Electoral Act 2026 (Amendment) Bill into law, stating that the credibility of elections rests more on proper management and human oversight than on real-time electronic transmission of results.
Polaris Bank Launches Global Gift Card Feature on VULTe
Polaris Bank, through its digital lifestyle platform VULTe, has introduced a faster, smarter way for users to send love, appreciation, and rewards across borders with the launch of its new Gift Card feature, enabling customers to deliver global brand gift cards to family and friends anywhere in the world in seconds.
Elumelu meets Tinubu, says dollar scarcity over, FX market sorted
The foreign exchange market in Nigeria has been “totally sorted,” with businesses no longer plagued by the difficulties that once characterised access to dollars, Chairman of the United Bank for Africa, Tony Elumelu, has said.
Nigeria wins permanent seat on African Central Bank Board
Nigeria has secured a permanent seat on the Board of the African Central Bank following deliberations at the 39th Session of the Executive Council of the African Union, in what the Federal Government has described as a significant diplomatic milestone.