The Independent Media and Policy Initiative (IMPI) has welcomed the decision of the Central Bank of Nigeria (CBN) to reduce the Monetary Policy Rate (MPR) to 27 per cent. Dr Omoniyi Akinsiju, IMPI Chairman, said this in a statement on Wednesday in Abuja. Akinsiju said that the decision aligned with the position IMPI’s analysts had…
The Federal Government has unveiled a new National Marine and Blue Economy Policy aimed at reducing logistics costs, boosting trade competitiveness, and attracting private sector investment into the maritime and transport sectors. Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this on Wednesday at the 2025 Transportation Correspondents Association of Nigeria (TCAN) Annual Summit…
The Central Bank of Nigeria (CBN) on Wednesday flagged off a sensitisation campaign in Abuja to promote proper handling of the Naira. At the event, officials of the apex bank urged Nigerians to keep banknotes clean, avoid folding or crushing them, and adopt proper storage practices. Dr. Bala Bello, Deputy Governor, Operations, represented by Dr….
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has urged media practitioners to take a more active role in promoting voluntary tax compliance across Nigeria. Adedeji, represented by his Technical Assistant on Broadcast Media, Arabinrin Aderonke, made the appeal on Wednesday in Kaduna at a one-day sensitisation programme themed “The…
Air Peace has credited the United Kingdom government for its approval to operate scheduled flights from Nigeria into London Heathrow and Gatwick Airports. The Chairman of the airline, Dr. Allen Onyema, in a statement on Wednesday in Lagos, described the development as a landmark achievement, noting that no Nigerian carrier had secured such access in…
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed that 14 banks have fully met the new capital requirements under the apex bank’s ongoing recapitalisation exercise. Cardoso made this known on Tuesday in Abuja while presenting the communiqué of the 302nd meeting of the Monetary Policy Committee (MPC). The recapitalisation framework,…
Russia has announced record growth in its Special Economic Zones (SEZs), according to the official website of the Ministry of Economic Development of the Russian Federation. Nikita Kondratiev, Director of the Department for Multilateral Economic Cooperation and Special Projects in the ministry, during the third International Forum of Special Economic Zones 2025. The ministry also…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday reduced the country’s benchmark interest rate, the Monetary Policy Rate (MPR), from 27.5 per cent to 27 per cent. CBN Governor, Mr. Yemi Cardoso, announced the decision while presenting the communiqué of the committee’s 302nd meeting in Abuja. The move signals…
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have rejected the Federal Government’s plan to sell its stakes in Joint Venture (JV) oil assets and amend the Petroleum Industry Act (PIA). At a joint world press conference in Abuja on Tuesday,…
Trade between the United Kingdom and Nigeria has reached an unprecedented £7.9 billion (₦16 trillion), Britain’s High Commissioner to Nigeria, Richard Montgomery, has announced. In an interview in Abuja, Montgomery credited the surge to the UK-Nigeria Enhanced Trade and Investment Partnership (ETIP), which is designed to deepen bilateral trade by tackling non-tariff barriers and aligning…
