The United States has imposed a 12.5 per cent tariff on imports from Nigeria under a new trade policy targeting countries that Washington says have failed to establish and enforce prohibitions on goods produced with forced labour.

Professor of Law at the University of Ilorin and a member of the Financial Regulation Advisory Council of Experts (FRACE) of the Central Bank of Nigeria (CBN), Professor Abdurrasaq Abdulmajeed Alaro, has said being a Shaykh or Shari'ah scholar alone does not qualify anyone to speak authoritatively on Islamic banking and finance.

An aircraft operated by Enugu Air veered off the runway after landing at Benin Airport on Thursday, prompting an immediate emergency response.

The Nigerian Bar Association (NBA) has thrown its weight behind efforts to strengthen the Office of the Tax Ombud, but warned that the institution’s independence remains threatened so long as it and the Nigeria Revenue Service both answer to the Federal Ministry of Finance.

The Central Bank of Nigeria (CBN) has urged relevant authorities to accelerate reforms in the oil and solid minerals sectors, saying sustained investment and policy implementation are critical to strengthening macroeconomic stability amid rising global uncertainties.

The Central Bank of Nigeria (CBN) on Tuesday retained the Monetary Policy Rate (MPR), its benchmark interest rate, at 26.5 per cent for the second consecutive Monetary Policy Committee (MPC) meeting, following a rate cut in February.