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The Central Bank of Nigeria (CBN) has introduced the Nigerian Overnight Financing Rate (NOFR), a new benchmark interest rate aimed at improving transparency, deepening the money market, and strengthening monetary policy effectiveness. The apex bank announced the development in collaboration…
Read moreAliko Dangote is planning to list about 10% of his oil refining company on multiple African stock exchanges as part of efforts to raise funding for the next phase of expansion across his industrial empire. The move will apply to…
Read moreMangal Industries Limited, a leading player in the cement production industry, has announced the successful attainment of three internationally recognized ISO certifications, further strengthening its commitment to operational excellence, environmental responsibility, and workplace safety. The company has been certified for…
Read morePresident Bola Tinubu has signed the 2026 Appropriation Bill into law, approving a total expenditure of N68.32 trillion for the fiscal year. The President also assented to a separate bill extending the implementation period of the capital component of the…
Read moreTroops of the Nigerian Army have arrested 15 suspected oil thieves for attempting to siphon crude oil from a vessel supplying the Dangote Refinery in Lagos. The arrest was disclosed in an operational report made available on Friday in Abuja,…
Read moreAirtel Nigeria has announced the temporary suspension of its airtime and data credit services, becoming the second major telecom operator in the country to halt such offerings following new regulatory requirements for digital lending. The company disclosed this in a…
Read moreFlutterwave, Africa’s leading payments technology company, hosted a private roundtable with Invest Africa on the Digital Economy Roundtable on April 14, 2026. This roundtable took place on the sidelines of the IMF/World Bank Spring Meetings in Washington, D.C. Moderated by…
Read moreThe National Drug Law Enforcement Agency (NDLEA) has recorded 974 convictions of drug offenders across Nigeria in the first quarter of 2026. This includes 11 major drug kingpins who collectively received 254 years in prison. The figures were contained in…
Read moreNigerian Infrastructure Debt Fund (NDIF) has reported a pre-tax profit of N5.3 billion in Q1 2026, compared to N6.2 billion recorded in the corresponding period of 2025. A filing by its fund manager, Chapel Hill Denham Investments, shows the decline was largely due…
Read moreNigeria has officially unveiled DNS Security Extensions (DNSSEC) on the .ng domain, in a move aimed at strengthening the country’s digital infrastructure and cybersecurity framework. The unveiling was carried out by Nigeria Internet Registration Association (NiRA), the registry responsible for…
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