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Cardoso introduces Nigeria's new Overnight Financing Rate
Politics
1 sources

Cardoso introduces Nigeria's new Overnight Financing Rate

•Provides benchmark for pricing loans, deposits By Emma Ujah, Abuja Bureau Chief  The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, launched the Nigerian Overnight Financing Rate (NOFR), to guarantee greater transparency in the financial ma...

Inflation rate increases for the third month in a row, reaches 15.93%
Economy
1 sources

Inflation rate increases for the third month in a row, reaches 15.93%

By Progress Godfrey Nigeria’s headline inflation rate has gone up again, the third consecutive month, in May 2026, hitting 15.93 percent. The National Bureau of Statistics, NBS, announced the increase in its latest consumer price index (CPI) report released yesterday. The repor...

Current exchange rate of Pound to Naira for June 16, 2026
Economy
1 sources

Current exchange rate of Pound to Naira for June 16, 2026

The Nigerian naira traded mixed against the British pound sterling on Tuesday, June 16, 2026, across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market. The post Pound to Naira exchange rate today, June 16, 2026 appeared first on Vanguard News.

Today's Dollar to Naira exchange rate for June 16, 2026
Economy
1 sources

Today's Dollar to Naira exchange rate for June 16, 2026

The Nigerian naira traded relatively stable against the United States dollar on Tuesday, June 16, 2026, at both the official Nigerian Foreign Exchange Market (NFEM) window and the parallel market. The post Dollar to Naira exchange rate today, June 16, 2026 appeared first on Vangu...

Teenager claims she was drugged and coerced into sexual acts with 30 men daily
Security
1 sources

Teenager claims she was drugged and coerced into sexual acts with 30 men daily

By Matthew Johnson LAGOS—Emotions ran high at the Lagos State Police Command yesterday, when a 16-year-old girl, Chidinma, narrated how she was allegedly trafficked from Imo State to Lagos and forced into prostitution for four months, during which she was made to sleep with 30...

Shagari calls for constitutional protections to prevent abuse by state police
Politics
1 sources

Shagari calls for constitutional protections to prevent abuse by state police

Former Deputy Governor of Sokoto State and former Minister of Water Resources, Alhaji Muktari Shagari, in this interview argues that Nigeria can no longer delay the creation of state police. The post State police: We need constitutional safeguards against abuse —Shagari appea...

Naira falls to N1,400 against the dollar in the black market
Economy
1 sources

Naira falls to N1,400 against the dollar in the black market

THE Naira yesterday depreciated to N1,400 per dollar in the parallel market from N1,390 per dollar last weekend. However, the naira appreciated to N1,356  per dollar in the Nigerian Foreign Exchange Market,  NFEM. The post Naira down to N1,400/$ in parallel market appeared firs...

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