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CBN lowers interest rate to 26.5%, easing pressure amid falling inflation

The Central Bank of Nigeria (CBN) has reduced its monetary policy rate (MPR) from 27% to 26.5%, marking the lowest level since May 2024....

Nigeria’s forex reserves hit $50.45 billion, highest in 13 years

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Tuesday announced that Nigeria’s gross external reserves have climbed to $50.45 billion, marking...

Breaking: Tinubu issues Executive Order to tackle PIA revenue leakages, dismantle duplicative deductions

President Bola Tinubu has signed a sweeping Executive Order aimed at safeguarding and enhancing oil and gas revenues accruing to the Federation, curbing fiscal...

Nigeria Revenue Service to expand e-invoicing system to more businesses

The Nigeria Revenue Service (NRS) has announced that it will continue rolling out its electronic invoicing and fiscal system (EFS), also called the Merchant...

Inflation eases to 15.1% in January as food prices record sharp decline — NBS

Nigeria’s inflation rate eased marginally in January 2026, signalling a continued moderation in price pressures amid ongoing fiscal and monetary tightening. The National Bureau of...

NDPC orders immediate probe of Temu over alleged data privacy violations

The Nigeria Data Protection Commission (NDPC) has ordered an immediate investigation into the data processing activities of global e-commerce platform Temu, citing concerns that...

After festive price support, Dangote Refinery realigns PMS prices to sustain affordability and market stability.

Dangote Petroleum Refinery and Petrochemicals has announced a price adjustment for Premium Motor Spirit (PMS), setting the gantry price at ₦799 per litre, while...

N501bn power bond marks turning point for electricity sector, says Proton Energy CEO Ikomi

Chief Executive Officer of Proton Energy, Mr. Oti Ikomi, has described the Federal Government’s N501 billion inaugural power sector bond as a major boost...

FirstHoldCo announces FirstBank’s compliance with ₦500b regulatory capital requirement

–Shareholders commit to further capital injections across Group subsidiaries First HoldCo Plc (“FirstHoldCo” or “the Group”) has announced that its flagship commercial banking subsidiary, First...

FirstBank hosts Nigeria Economic Outlook 2026, sets agenda for economic resilience and growth

FirstBank of Nigeria Limited, West Africa’s premier financial institution and a leading financial inclusion services provider, has announced the Nigeria Economic Outlook 2026, scheduled...

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