By Seun Ibiyemi The Chartered Institute of Bankers of Nigeria (CIBN) has projected that the Central Bank of Nigeria (CBN) will retain the Monetary Policy Rate (MPR) at 26.5 per cent as the Monetary Policy Committee (MPC) begins its 306th meeting in Abuja on Monday. President and Chairman of the Council of CIBN, Dr Dele…
The Nigerian stock market closed on a positive note last week, with banking and consumer goods stocks driving gains as investors returned to fundamentally strong equities amid renewed bargain hunting. Market data showed that the Nigerian Exchange Limited (NGX) market capitalisation rose by N613 billion week-on-week to close at N157.057 trillion, up from N156.444 trillion…
The National Drug Law Enforcement Agency (NDLEA) has intercepted 1.63 million pills of tramadol concealed in specially constructed compartments of two long trailers and dismantled part of a transnational drug trafficking network operating along the Togo-Benin Republic-Nigeria corridor. The agency disclosed that the operation followed the seizure of 558,900 tramadol pills hidden in a truck…
By Seun Ibiyemi The Centre for the Promotion of Private Enterprise (CPPE) has commended the Federal Government’s newly unveiled social intervention programmes, describing them as a critical step towards strengthening the legitimacy of ongoing economic reforms and ensuring that the benefits of macroeconomic stability reach ordinary Nigerians. In a policy brief released on Sunday, signed…
By Seun Ibiyemi President Bola Tinubu has called on African nations to unite in condemning the wave of xenophobic attacks in South Africa warning that silence from the continent could embolden intolerance and undermine African solidarity. Speaking on Sunday at the 69th Ordinary Session of the ECOWAS Authority of Heads of State and Government in…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed concern over the recent increase in petroleum product import licences, warning that the development could heighten price volatility, put additional pressure on the naira and drive up the cost of petrol across the country. IPMAN’s National Publicity Secretary, Chinedu Ukadike, said on Sunday that the…
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has urged Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas to withdraw the Nigeria Data Protection (Amendment) Bill, 2026, warning that the proposed legislation could expand government control over social media platforms and online expression. The bill, sponsored by Senator…
The governorship candidate of the All Progressives Congress (APC) for the 2027 election in Ogun State, Senator Solomon Adeola, and former APC governorship aspirant, Senator Iyabo Obasanjo, have traded accusations over claims that she demanded reimbursement for expenses incurred during her governorship campaign. Adeola, popularly known as Yayi and Chairman of the Senate Committee on…
By Seun Ibiyemi Sahara Group Foundation has strengthened its environmental sustainability efforts with the inauguration of two new Sahara Go Recycling Hubs in Jigawa and Kaduna states, expanding access to structured waste management and economic opportunities in Northern Nigeria. The recycling hubs, located at Gidan Hakimi in Shuwarin Local Government Area of Jigawa State and…
By Seun Ibiyemi The National Executive Council of the National Association of Nigeria Travel Agencies (NANTA) has commenced a seven-day retreat and familiarisation trip in Ghana aimed at strengthening tourism partnerships and promoting cross-border travel between Nigeria and Ghana. The retreat, hosted by Safari World, will see members of the association’s leadership engage in strategic…
