Bank deposits with the Central Bank of Nigeria (CBN) under the Standing Deposit Facility (SDF) surged to a historic record of N3.5 trillion on Wednesday, a day after the apex bank cautiously eased its Monetary Policy Rate (MPR), also known as the benchmar...

The Central Bank of Nigeria (CBN) on Tuesday reduced its Monetary Policy Rate (MPR) by 50 basis points to 27 percent from 27.50 percent, the first in five years....

Nigeria’s economy expanded at its quickest pace in four years in the second quarter (Q2) of 2025, powered by a strong rebound in oil output. The gross domestic product (GDP) grew by 4.23 percent in real terms from a year earlier, the National Bureau of S...

Olayemi Cardoso is celebrating his two years in office today as governor of the Central Bank of Nigeria (CBN). So far, he has shored up foreign reserves, eased foreign exchange (FX) pressure...

Pirates are smiling to the bank while filmmakers suffer heavy losses. Over the years, several producers have lost billions of naira to piracy and theft of intellectual property...

The federal government has disbursed up to N330 billion in direct cash transfers to poor and vulnerable households across the country as part of its revamped social protection programme,...

Nigeria’s Dangote Petroleum Refinery has exported petrol to the United States for the first time in history, marking the nation’s emergence as a net exporter of refined products beyond Africa and Europe....

When Nigerians talk about moving, they rarely start with GDP or budget figures. They talk about roads that do not collapse in the rains, schools where teachers show up, taps that run without generators, and the simple relief of feeling safe after dark....