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Addressing inflation requires more than monetary policy - MPC member

Nigeria, March 22 -- A member of the Central Bank of Nigeria's Monetary Policy Committee (MPC), Murtala Sagagi, has highlighted the complex nature of Nigeria's inflation challenges. According to him,... Read More


Nigeria's Central Bank clears all 'valid' FX backlog, increases country's foreign reserves

Nigeria, March 21 -- The Central Bank of Nigeria (CBN) on Wednesday announced it has cleared all 'valid' foreign exchange backlogs. This move, announced by the bank's Acting Director of Corporate Com... Read More


Zenith Bank gets first female GMD/CEO

Nigeria, March 19 -- Zenith Bank Plc has announced the appointment of Adaora Umeoji as its Group Managing Director/Chief Executive Officer, effective from 1 June. This appointment marks the first tim... Read More


CBN reiterates directive to banks on utilisation of forex gains

Nigeria, March 17 -- The Central Bank of Nigeria (CBN) has reaffirmed its directive to banks regarding the utilisation of foreign currency (FCY) revaluation gains. In a circular released by the bank ... Read More


CBN speaks on fertiliser donated to boost food production

Nigeria, March 17 -- The Central Bank of Nigeria (CBN) has provided clarifications regarding its recent donation of 2.15 million bags of fertilisers to farmers across the country through the Federal M... Read More


Peterside slams Akpabio over speech at Wigwe's funeral

Nigeria, March 11 -- The founder of Stanbic IBTC Bank Plc, Atedo Peterside, has expressed his dismay over comments made by Senate President Godswill Akpabio at the funeral of the late Chief Executive ... Read More


Remains of Herbert Wigwe, wife, son arrive hometown for burial

Nigeria, March 9 -- The remains of the late CEO of Access Holdings, Herbert Wigwe, his wife, and his son, on Friday, arrived in Nigeria from the United States. This is ahead of the funeral service in... Read More


Fuel queues hit Abuja

Nigeria, March 8 -- Fuel scarcity looms in the nation's capital, Abuja, as commuters and commercial drivers formed long queues at fuel stations in different parts of the city on Friday. While there w... Read More


Tinubu signs executive orders to revamp oil, gas sector

Nigeria, March 7 -- To revitalise Nigeria's oil and gas sector, President Bola Tinubu on Wednesday signed executive orders aimed at attracting investments, optimising resources, and diversifying the n... Read More


UPDATED: Worsening Electricity: Minister summons Abuja, Ibadan DisCos officials for 'crucial meeting'

Nigeria, March 7 -- Nigeria's Minister of Power, Bayo Adelabu, says he is "deeply concerned about the deteriorating electricity supply across the country" and has thus summoned the chief executives of... Read More