Abuja, Nigeria | September 8, 2025 An economist has urged the Central Bank of Nigeria (CBN) to maintain caution on its benchmark Monetary Policy Rate (MPR), warning that any premature relaxation could undermine efforts to rein in inflation. The caution comes as fresh inflation data continues to show significant volatility, with prices of food and
Medina, Saudi Arabia | September 8, 2025 Worshippers at the Prophet’s Mosque witnessed a historic moment on Sunday night as a special lunar eclipse prayer coincided in exact duration with the celestial event itself. The prayer, which began at 8:45 p.m. during the eclipse, lasted precisely 1 hour and 7 minutes—the same length of the
Abuja, Nigeria | September 8, 2025 – Nigeria may face fresh economic strain following OPEC+’s decision to ramp up global oil supply, a move that could further pressure the country’s already fragile revenue base. The oil cartel, which met on Sunday, agreed to increase crude output by 137,000 barrels per day beginning next month. This
Lagos, Nigeria | September 8, 2025 – Union Bank of Nigeria Plc has announced plans to attract a core investor as part of its post-merger restructuring, following the successful integration of TitanTrust Bank into its operations. The development comes after the Central Bank of Nigeria (CBN) granted final regulatory approval, officially sealing the merger deal.
Abuja, Nigeria | September 8, 2025 – The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) over its proposal to increase the salaries of President Bola Tinubu, state governors, lawmakers, and other public office holders. In the suit lodged before the Federal High Court
Lagos, Nigeria | September 8, 2025 – Governor Babajide Sanwo-Olu has hailed the nomination of Lagos as the host city for the upcoming Intra-African Trade Fair (IATF), describing it as a historic milestone that affirms the state’s growing influence as Africa’s commercial hub. The IATF, a flagship event of the African Export-Import Bank (Afreximbank) in
Abuja, Nigeria | September 8, 2025 – The Nigeria Customs Service (NCS) Board has approved a new duty-free limit for low-value imports, in a move aimed at easing trade, reducing costs for small businesses, and encouraging compliance within the importation process. The development, announced after the Board’s meeting in Abuja, sets a threshold for low-value
Abuja, Nigeria | September 8, 2025 – President Bola Ahmed Tinubu has reiterated his administration’s commitment to strengthening security through the establishment of state police, as he met with governors from the North-East region in Abuja. At the meeting held inside the Presidential Villa, the President emphasized that tackling insecurity requires a more localized and
Abuja, Nigeria | September 8, 2025 – The Federal Government has directed the mandatory geo-tagging of all Point-of-Sale (PoS) terminals across the country as part of fresh measures to tackle electronic fraud and boost transparency in digital transactions. The initiative, led by the Central Bank of Nigeria (CBN) in collaboration with security and financial sector
Abuja, Nigeria | September 8, 2025 – President Bola Ahmed Tinubu has reiterated his administration’s commitment to strengthening security through the establishment of state police, as he met with governors from the North-East region in Abuja. At the meeting held inside the Presidential Villa, the President emphasized that tackling insecurity requires a more localized and
