Hafsat Ibrahim

Cardoso: Inflation Pressures Temporary Despite Two-Month Rise

Governor of the Central Bank of Nigeria, Olayemi Cardoso, on Wednesday said recent inflationary pressures in the country are temporary despite headline inflation rising for two consecutive months.

CBN to Address Customer Complaints Over Bank Charges, Transaction Alerts

The Central Bank of Nigeria (CBN) says it is stepping up efforts to address growing customer complaints over bank charges and the volume of transaction alerts received by customers across the banking system.

CBN Retains Interest Rate at 26.5%

The Monetary Policy Committee of the Central Bank of Nigeria on Wednesday retained the benchmark Monetary Policy Rate at 26.5 per cent at the end of its 305th meeting.

FGN Bond Auction Sees 45% Decline in Subscriptions

FGN Bond Auction Sees 45% Decline in Subscriptions Investor demand for Federal Government of Nigeria (FGN) bonds weakened sharply in May 2026, as total subscriptions fell by 45.6% month-on-month, despite higher yields at auction. Data from the Debt Management Office (DMO)...

‘Oil Operators Rise to 117 Under Reforms’

Nigeria’s oil operating firms have grown from fewer than 10 before 2010 to about 117 today, following the implementation of local content policies that raised performance from under 5% in 2010 to 61% in 2025.

Nigeria Needs 800,000 New Homes Annually — Research

Nigeria requires about 800,000 new homes each year to keep pace with population growth, according to new research by PAC Research.
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