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Category: Business & Economy

CBN cuts key interest rate...

CBN cuts key interest rate to 26.5%...

PayPal confirms data breach, users...

PayPal confirms data breach, users lose money Online...

CBN cuts key interest rate to 26.5% as inflation eases

CBN cuts key interest rate to 26.5% as inflation eases  story by Martha Gwary The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27 per cent to 26.5 per cent in a move aimed at consolidating the easing inflationary trend. The Governor of the apex bank, Olayemi Cardoso, announced the decision while briefing journalists at the end of the 304th meeting of the Monetary Policy Committee (MPC) held in Abuja on Tuesday. READ ALSO: CBN recruits beg Tinubu, CBN Governor to look in...
Abdullahi Mustapha Haruna -
Business & Economy

NNPC confirms new...

NNPC confirms new oil well discovery, boosts Nigeria’s energy prospects The Nigerian National Petroleum Company Limited (NNPC Ltd) has confirmed the successful discovery of a...
Abdullahi Mustapha Haruna -
Business & Economy

Customs records ₦7.28tn...

Customs records ₦7.28tn revenue in 2025, surpasses target Story by Martha Gwary The Nigeria Customs Service (NCS) recorded a major revenue milestone in 2025, generating a...
Abdullahi Mustapha Haruna -
Business & Economy

Nigeria’s non-oil exports...

Nigeria’s non-oil exports reach record $6.1bn in 2025 — NEPC Story by Martha Gwary Nigeria’s non-oil exports climbed to a historic high of $6.1bn in 2025,...
Abdullahi Mustapha Haruna -
Business & Economy

FG begins VAT...

FG begins VAT collection on USSD, mobile transfers as banks notify customers Commercial banks and fintech companies, including Moniepoint, have started informing customers of the...
Mercy Adaje -
Business & Economy

NRS to Overhaul...

NRS to Overhaul Nigeria’s Revenue Architecture, Says Adedeji Story by Martha Gwary The Nigeria Revenue Service (NRS) has said that the replacement of the defunct Federal...
Abdullahi Mustapha Haruna -
Business & Economy

CBN sets sights...

CBN sets sights on banking stability, fintech oversight and inflation control in 2026 Story by Martha Gwary The Central Bank of Nigeria (CBN) has outlined banking...
Okafor Vivian Nkiruka -
Business & Economy

No automatic bank...

No automatic bank debits in 2026 tax reform, says Oyedele Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has...
Mercy Adaje -
Business & Economy

New tax laws...

New tax laws take effect as Tinubu rejects calls for suspension Story by Martha Gwary President Bola Tinubu has reaffirmed that Nigeria’s newly enacted tax laws...
Abdullahi Mustapha Haruna -
Business & Economy

$2.8bn AKK gas...

$2.8bn AKK gas pipeline to become operational in 2026 — NNPCL Chief Story by Martha Gwary The Group Chief Executive Officer of Nigerian National Petroleum Company...
Abdullahi Mustapha Haruna -
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