World Bank Approves $500m Credit to Boost Nigeria’s Agriculture The World Bank has approved a $500m International Development Association credit to boost Nigeria’s agricultural sector under a new programme targeting smallholder farmers, value chains, and food security. The funding will suppo_rt the Nigeria Sustainable Agricultural Value...

CBN Raises N4.65trn as Bank Recapitalisation Exercise Ends The Central Bank of Nigeria (CBN) has announced the conclusion of its recapitalisation exercise in Nigeria’s banking sector, targeted at boosting the resilience of the financial system. This was disclosed in a statement jointly signed by the CBN...

Tinubu Approves Second Runway for Abuja Airport President Bola Tinubu has again approved the construction of a second runway at the Nnamdi Azikiwe International Airport, Abuja, in a move aimed at strengthening Nigeria’s aviation infrastructure. This makes it the second approval by successive Presidents, signalling renewed...

Oil Reserves Decline as Gas Resources Rise in 2026 Nigeria’s oil reserves recorded a marginal decline in 2026, while gas resources expanded, reflecting a gradual shift in the country’s hydrocarbon profile amid sustained production and discoveries. The Nigerian Upstream Petroleum Regulatory Commission disclosed this on Wednesday...

The Central Bank of Nigeria (CBN) has announced the successful conclusion of its banking sector recapitalisation programme, with Nigerian banks raising a total of ₦4.65 trillion over a 24-month period to strengthen the financial system and support economic growth.

CBN Orders Banks to Complete Cybersecurity Self-Assessment Within Five Weeks The Central Bank of Nigeria (CBN) has moved to strengthen cybersecurity oversight across the financial system, mandating banks and other regulated institutions to within three to five weeks, conduct a comprehensive self-assessment of their cyber...