Live intelligence from 10+ verified Nigerian and UK sources
The CBN is implementing stricter governance standards following the recent recapitalization of the banking sector. This move aims to enhance Nigeria's financial stability and promote economic growth.
The Nigerite cooperative has reported impressive growth in member savings and financial surplus. This positive trend is attributed to increased confidence, transparency, and welfare initiatives.
Iran imposed a blockade on the vital Strait of Hormuz early in the war, sending global oil prices soaring and rattling financial markets. The post Iran responds to US peace proposal as drones hit Gulf appeared first on Vanguard News.
The Central Bank of Nigeria is calling for greater fiscal discipline among state governments to support the transition to an inflation targeting monetary policy. This move is seen as essential for achieving economic stability in the country.
Women play a crucial role in Nigeria's agriculture, making up 70% of the workforce and producing 80% of the food. Their contributions are vital for food security and economic stability in the country.
The Central Bank of Nigeria is adopting a stricter regulatory approach towards banks after recent recapitalisation efforts. This move aims to enhance governance and promote economic growth within the banking sector.
The NDDC has positively impacted 850 youths in Cross River State by providing training, grants, minibuses, and tricycles. This initiative aims to enhance their livelihoods and promote economic empowerment in the region.
Nigeria's maritime sector experienced significant growth in Q1 2026, with the Nigerian Ports Authority reporting a 19.5% increase in vessel tonnage. Cargo throughput also rose to 32.38 million metric tons, indicating a positive trend in the industry.
The NDDC has successfully trained 500 youths in Cross River and provided them with 350 vehicles to enhance the local economy. This initiative aims to reduce unemployment in the region.
The African Development Bank (AfDB) is focusing on facilitating green industrialisation in Africa. This involves overcoming financial barriers to attract private capital through strategic initiatives.
Lagos residents are struggling with low purchasing power, which affects their ability to buy food despite recent price drops. High transport costs are further straining their budgets.
Nigerian Port Authority pensioners are expressing dissatisfaction over receiving only N30,000 monthly despite their years of service. The President of their association, Charles Binitie, highlighted the ongoing struggles faced by retired workers under the old pension scheme.
Charles Binitie, President of NPAPWA, highlights that some pensioners receive only N30,000 monthly despite long service. This raises concerns about the adequacy of the pension scheme for retired workers.
VP Shettima addressed concerns raised by the Moniepoint CEO regarding the skills gap among Nigerian job applicants. He emphasized the need for improved training and education to meet global standards.
The ongoing Iran-US conflict is impacting global energy prices, with oil reaching $120 per barrel. This situation is affecting fuel costs even in distant locations like Abuja, Nigeria.
Nigeria's Office of the Accountant General of the Federation clarified that the six-month ultimatum to the World Bank pertains to loans, not grants. This clarification aims to ensure transparency regarding the financial arrangements with the World Bank.
Tinubu's onshore asset transfer has led to significant production growth in Nigeria's oil sector. This move has alleviated concerns from international oil companies about exiting onshore and shallow-water assets.
Nigeria's banking sector saw a significant boost as the combined shareholders' funds of five major banks exceeded N20 trillion. This growth is attributed to the Central Bank of Nigeria's recapitalisation efforts.
Nigeria has introduced the Green Finance and Investment Facility to address its electricity crisis. This new financing model aims to transform the country's energy deficit into a viable investment opportunity.
The federal government's settlement with Bi-Courtney ends nearly two decades of legal disputes. This development is expected to encourage private investment in Nigeria's aviation sector.
The responsibility for bad loans in Nigerian banks is attributed to directors and shareholders, not the Central Bank of Nigeria. Calls for their dismissal are growing amidst concerns over suspended dividends.
The US imported $578 million worth of Nigerian crude oil in the first quarter of 2026, marking a 15% decrease from the previous year. This decline is attributed to various factors affecting trade dynamics.
Guinness Nigeria Plc reports a 48% rise in profit after tax to N10.39bn, driven by operational efficiency, a new strategy, and localized decision-making.
Nigerian oil producers have offered 58.8 million barrels of crude to local refineries for Q2 2026, surpassing the required allocations. This move aims to boost domestic refining capacity and reduce reliance on imported fuel.
There is a growing demand for the Central Bank of Nigeria to enhance regulatory measures against unresolved frauds and irregularities affecting bank customers. These issues include unauthorized transactions and excessive charges by financial institutions.
Nigeria is likely to maintain its interest rates despite potential inflation risks due to increased oil revenues. The rise in crude prices is expected to further boost the country's money supply in the coming months.
Samsung has mastered the art of the "battery beast," particularly in its budget-friendly A-series and M-series lineups. The post 10 low-budget Samsung phones with the best battery life appeared first on Vanguard News.
Global food prices have reached a three-year high due to the ongoing conflict in Iran. This surge is raising concerns about food security worldwide.
The price of original Oron crayfish has surged to over N15,000, impacting household budgets in Lagos. Traders are expressing concern over the rising costs and their effects on consumers.
The Renewed Hope Agenda aims to transform Nigeria from an arbitrage economy to a productive one. Its success hinges on macroeconomic indicators and infrastructure projects.