20 Banks ready for recapitalisation, meet new minimum capital requirements – CBN
The Central Bank of Nigeria (CBN) says 20 Nigerian Banks have already met the new minimum capital requirement in the ongoing bank recapitalisation exercise. The Governor of the CBN, Mr….
Nigeria to start exporting new crude grade in March
Nigeria’s state oil firm NNPC will begin exporting a new light, sweet crude grade called Cawthorne from March, an NNPC spokesperson said, adding to a recent recovery in output from…
B-r-e-a-k-i-n-g: CBN reduces interest rate to 26.50 % from 27%
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has reduced the Monetary Policy Rate (MPR) by 50 basis points to 26.50 per cent from 27 per cent, the CBN…
Kaduna ginger producing communities unite to tackle child labour
The Christian Rural and Urban Development Association of Nigeria (CRUDAN) has intensified efforts to eradicate child labour in the ginger supply chain in Southern Kaduna. The association has also urged…
Africa’s $29.5trn Mineral Wealth Poised to Boost Mining Sector Jobs
Africa’s mining sector maintains its role as a key contributor of employment creation, fuelled by rising global demand for critical minerals. According to the Compendium of Africa’s Strategic Minerals 2026,…
Palm oil: What restaurants and resellers should know, by Libby Offem-Oke
If you run a food business or resell palm oil, this season is your profit window. Buying now allows you to lock in better quality. Reduce risk…
33 vessels to arrive Lagos ports with petroleum products, food – NPA
The Nigerian Ports Authority (NPA) says 33 ships with petroleum products, food items and other goods will arrive at Apapa, Tin-Can Island and Lekki Deep Sea Ports in Lagos. The…
Political campaigns: Enugu Govt. Fixes N150m for advert permit
The Enugu State Government has fixed N150 million for mandatory advertising permit for political parties and candidates participating in the 2026 and 2027 local, state, and federal elections. The General…
West African Development Bank BOAD explains bond investment strategy amid rising regional debt issuance
The West African Development Bank BOAD sent a note to investors on Monday, explaining its cash management strategy, which involves investing in public bonds issued by member countries, and clarifying…
Dukia Gold, SGS Bateman ink EPCM MoU for 40,000 tonnes-per-day polymetallic processing facility
The MoU marks a significant milestone in the structured advancement of the Dukia–Arinola Mineral Resources Development Project, located in Ose and Owo Local Government Areas of Ondo State, Nigeria, within…