The Central Bank of Nigeria (CBN) has expressed serious concern over the growing abuse and mishandling of naira notes, warning that such practices are significantly driving up the cost of printing and replacing currency. This warning came on Wednesday in Abuja during the launch of a nationwide sensitisation campaign titled “Naira Our Pride: Handle with…
In a statement dated 24 September 2025 and signed by Segun Imohiosen, Director of Information and Public Relations, the government frames this anniversary as a call for collective action involving citizens, civil society, the private sector, and government institutions. The theme emphasizes the need for working together to strengthen national unity and promote lasting peace,…
Oil prices rose for a second consecutive day on Wednesday following the Central Bank of Nigeria’s decision to cut its benchmark interest rate. On Tuesday, the CBN reduced the Monetary Policy Rate (MPR) by 50 basis points — from 27.5% in July to 27% — marking its first rate cut in five years. Brent crude…
The Lagos State House of Assembly has expressed deep sorrow over the passing of Samuel Aina, a former chairman of Oshodi/Isolo Local Government, and other recently deceased councilors in the state. At plenary on Tuesday, Hon. Stephen Ogundipe, Chairman of the House Committee on Information, highlighted Aina’s notable contributions, including overseeing the construction of the…
The Nigerian equities market took a hit on Tuesday, shedding N326 billion as the market capitalisation fell from N89.524 trillion to N89.198 trillion. The All-Share Index (ASI) also dropped by 568.62 points, closing at 140,929.60. The dip was largely driven by profit-taking in major stocks such as Dangote Sugar (-10%), Wema Bank (-8.27%), Secure Electronic…
As the 2027 elections approach, Osun State leads the Continuous Voter Registration (CVR) with 678,904 registrants, according to INEC’s Week 5 update. Borno State has now overtaken Lagos, coming in second with 561,666, while Lagos drops to third with 530,180. Ogun State follows with 427,455. So far, 5,385,060 Nigerians have pre-registered online — 51.99% female,…
The Senate and House of Representatives have postponed their resumption from September 23 to Tuesday, October 7, 2025. Clerk to the National Assembly, Kamoru Ogunlana, announced the new date in a statement on Tuesday, citing directives from the presiding officers of both chambers. While plenary activities remain on hold, committee work will continue as scheduled….
Afrobeats superstar Davido has officially joined the Recording Academy as a Voting Member for the 2026 Grammy Awards. The Recording Academy announced his induction via Instagram on Tuesday, naming him among new members who will help vet, nominate, and vote for Grammy winners. He joins the likes of Offset, Jessie Reyez, Ravyn Lenae, Zac Brown,…
The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate by 50 basis points, bringing the Monetary Policy Rate (MPR) down from 27.5% to 27%. This decision was reached during the 302nd meeting of the Monetary Policy Committee (MPC), held on September 22–23, 2025. The asymmetric corridor around the MPR was maintained at…
The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 50 basis points — from 27.5% to 27% — following its 302nd Monetary Policy Committee meeting held on September 22–23, 2025. CBN Governor Dr. Olayemi Cardoso explained that the decision was driven by five consecutive months of disinflation, positive inflation projections…
