CBN keeps interest rate unchanged The Monetary Policy Committee of the Central Bank of Nigeria has retained the benchmark interest rate at 26.5 percent. CBN Governor Olayemi Cardoso announced the decision on Wednesday after the committee’s 305th meeting in Abuja. He confirmed that members agreed to maintain the Monetary Policy Rate at its current level….
Company insists operations remain strong Zichis Agro-Allied Industries Plc has said its equity fundamentals remain strong and steadily growing. The company made the statement despite recent volatility in its share price on the Nigerian Exchange. Executive Director, Finance and Strategies, Chris Ogbaisi, explained that the company continues to expand production and strengthen its agricultural base….
US stocks open lower amid market pressure Wall Street stocks retreated early Tuesday as investors reacted to inflation concerns and rising geopolitical tension. Higher oil prices and rising Treasury yields also weakened market sentiment. As a result, major US indices opened lower. About 10 minutes into trading, the Dow Jones Industrial Average dropped 0.8 percent…
CIS, ABUAD begin 2026 finance conference The Chartered Institute of Stockbrokers, in partnership with Afe Babalola University, has launched the 2026 Annual International Conference on Finance, Securities and Investment. The initiative aims to strengthen collaboration between capital market stakeholders and academic institutions. As part of this effort, the conference will create a platform for policy…
Downstream sector faces deeper division A fresh divide has emerged in Nigeria’s downstream oil sector as tank farm owners backed Dangote Petroleum Refinery’s push to stop fresh petrol imports. Members of the Jetties and Petroleum Tank Farm Owners of Nigeria distanced themselves from the position of the Depot and Petroleum Products Marketers Association of Nigeria…
Finland proposes stricter student immigration reforms Finland is considering tougher immigration rules for international students under a new reform package aimed at tightening entry requirements. According to reports by the Economic Times on Tuesday, the Ministry of Economic Affairs and Employment released the proposals on May 18 for public consultation. The consultation process will run…
Firm targets stronger leadership in financial services sector Crownrise Finance Plc has announced the appointment of a new Board of Directors as part of efforts to strengthen its leadership and reposition the company for growth in Nigeria’s financial services industry. The company disclosed this in a statement issued on Sunday, May 17, 2026. According to…
Officials Advocate Clearer Border Demarcation Nigeria and the Benin Republic have renewed efforts to strengthen border security, regional trade, and peaceful coexistence across West Africa. The Director-General of Nigeria’s National Boundary Commission, Adamu Adaji, said proper border demarcation remains vital for security, economic growth, and stronger cooperation among neighbouring countries. Adaji spoke during a two-day…
New framework aims to modernise tax administration The Nigeria Revenue Service, in collaboration with the Joint Revenue Board, has announced a new Taxpayer Identification system for all taxable persons in the country. The agency disclosed the development in a public notice shared on its X handle on Monday. According to the notice, the reform follows…
Adurogboye defends ticket charges in aviation sector A former General Manager of Public Affairs at the Nigeria Civil Aviation Authority, Sam Adurogboye, has defended the funding structure of the aviation sector, warning against moves that could weaken the regulator’s financial independence. Adurogboye said the aviation industry remains the most regulated sector globally because passenger safety…
