According Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), it's Monetary Policy Committee (MPC) has increased the benchmark interest rate by 150 basis points to 26.25% from 24.75%. 

The Federal Ministry of Marine and Blue Economy has reported an increase in revenue for the first quarter of 2024, with N242 billion compared to N126 billion recorded in the same period in 2023, indicating an increase of 92 per cent. 

As heatstroke is expected to peak as high as 50 degrees Celsius in the coming days, the National Hajj Commission of Nigeria (NAHCON) on Tuesday charged Nigerian pilgrims in Saudi Arabia for this year’s Hajj to drink a lot of water and avoid the sun as much as possible. 

The Saudi Ministry of Hajj and Umrah has cautioned against participating in the hajj without a valid visa. 

The Ministry of Industry, Trade and Investment has unveiled plans to boost local content in the Nigerian automobile industry by sourcing 40% of components domestically. 

Minister of Industry, Trade and Investment, Doris Nkiruka Uzoka-Anite, has announced that the Federal Government attracted a $3.5 billion investment capital to unlock the textile industry.