Business News

CBN mops up N6.88tn as inflation risks mount

By Mariam Abeeb The Central Bank of Nigeria has withdrawn about N6.88 trillion from the financial system through Open Market Operations in the first two...

Oil price drops to $82/barrel after US, Israel, Iran agree to end war

By Abubakar Yunusa Global crude oil price dropped to $82 a barrel on Monday as the United States, Israel, and Iran reached a deal to...

April revenue growth lifts FG, states, LGs’ allocation to N2.26tn

By Mariam Abeeb The Federation Account Allocation Committee has shared N2.26 trillion among the Federal Government, states and local government councils as April 2026...

FG to deploy digital addresses nationwide to combat fraud, insecurity

By Abubakar Yunusa The Federal Government has unveiled plans to roll out a nationwide digital postcode system to strengthen security, tackle fraud, improve emergency...

CBN unveils new benchmark rate to boost financial market credibility

By Mariam Abeeb The Central Bank of Nigeria on Monday launched the Nigerian Overnight Financing Rate, a new transaction-based benchmark interest rate designed to...

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