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.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has again retained the benchmark interest rate at 26.5 per cent.

The Nigerian Exchange (NGX) opened the week on a bullish note, with investors gaining about ₦1.76 trillion in a single session as market capitalisation rose to ₦158.81 trillion.

The Debt Management Office (DMO) has announced that investors submitted bids worth ₦1.74 trillion at its July 2026 bond auction, with ₦929.32 billion allotted across three Federal Government of Nigeria (FGN) bonds.

Global oil prices surged yesterday as Brent crude rose above $90 per barrel, following renewed military strikes between the United States and Iran that disrupted shipments through the Strait of Hormuz.

Nigeria and the ECOWAS Commission have intensified efforts to achieve rice self-sufficiency, ending decades of dependence on imports.