The Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) by 50 basis points, lowering it from 27 per cent to 26.5 per cent. The decision was announced by Olayemi Cardoso, the CBN Governor, at the end of the 304th Monetary Policy Committee (MPC) meeting held in Abuja on Tuesday. According to Cardoso, the Committee resolved to: Reduce the MPR by 50 basis points to 26.5 per cent Retain the Cash Reserve Ratio (CRR) for: Deposit Money Banks at 45 per cent Merchant Banks at 16 per cent Non-TSA public sector deposits at 75 per cent Cardoso…
Author: Elvis Eromosele
Gentlemen of the Press, I have called you here to address the events of last Saturday, in which the Independent National Electoral Commission (INEC) once again took Nigerians for granted, showing a blatant disregard for their sensibilities. I stand before you today not as a man diminished by the outcome of Saturday’s event, but as a man empowered by a political movement. This movement is not born of convenience but of conviction; it is carried not by power, but by people. It is written not in ink, but in sacrifice. Over the past few months, from the streets of Karshi…
The Oyo State Security Network Agency, popularly known as Amotekun Corps, has condemned what it described as a “Gestapo-style” arrest of one of its operatives by officers allegedly attached to Zone 11 of the Nigeria Police Force. The operative, Amo Saheed Ajibola, was reportedly taken into custody around 8:00 p.m. on Tuesday, February 17, 2026, while on official duty at a static patrol post covering the General Gas–Akobo area of Ibadan. Olayinka Olayanju (rtd.), Oyo State Commandant of Amotekun Corps, criticised the method used in effecting the arrest. He stated that Amotekun maintains established channels of cooperation with sister security…
Moniepoint Inc. has released a new study revealing the scale and structure of Nigeria’s nightlife economy, uncovering daily revenue flows running into hundreds of millions of naira and highlighting the growing dominance of digital payments across the sector. Titled “The Business of Community Nightlife in Nigeria,” the report draws on anonymised transaction data from more than 27,000 bars, clubs and lounges operating on Moniepoint’s payment network, alongside field interviews and observational research across multiple cities. Rather than focusing on elite “Detty December” hotspots, the study shifts attention to everyday community bars, roadside joints and neighbourhood lounges, the true backbone of…
The All Progressives Congress (APC) has secured chairmanship victories in five of the six Area Councils of the Federal Capital Territory (FCT), while the Peoples Democratic Party (PDP) won in Gwagwalada. Results released by Independent National Electoral Commission (INEC) on Sunday showed APC prevailing in: Abuja Municipal Area Council (AMAC) Abaji Bwari Kwali Kuje The PDP, however, clinched victory in Gwagwalada. In Gwagwalada Area Council, PDP candidate Mohammed Kasim polled 22,165 votes, defeating the APC’s Yahaya Shehu, who secured 17,788 votes. The Returning Officer, Philip Akpen, declared Kasim duly elected after fulfilling all legal requirements. Other parties trailed behind, with…
If you have spent enough time around entrepreneurial events, you know how easy it is for bold ideas to remain theoretical. Big words are said, applause follows, and everyone goes home unchanged. The Audacity Conference 2026, held in Lagos on January 24, refused to sit in that space. From the moment the conversations began, it was clear the conference was not designed as a motivational pit stop, but as a practical confrontation with fear, hesitation, and the habits that keep people playing small. The theme, Turning Bold Ideas into Breakthroughs, was treated as a responsibility. The audience reflected that intention.…
As Ramadan begins, MAGGI has unveiled a multi-layered national campaign anchored on culturally grounded storytelling, consumer value and community engagement. At the heart of the campaign is Tales of Ramadan Season 2, a six-episode drama series that premiered at a star-studded event at EbonyLife Place, Victoria Island, Lagos. The evening featured elegant abaya-themed dressing and décor inspired by the warmth and serenity of the season, underscoring the cultural significance MAGGI attaches to Ramadan. The series has since launched nationwide across terrestrial TV, cable and major digital platforms. Building on the strong reception of Season 1, the new season expands its…
The Federal Government has directed all Ministries, Departments, and Agencies (MDAs) to strictly comply with procurement laws in executing projects under the 2025/2026 Capital Budget, warning that any breach of due process will not be tolerated. The directive was issued by Doris Uzoka-Anite, Minister of State for Finance, during a stakeholders’ meeting at the Federal Ministry of Finance. According to a statement from the Office of the Accountant-General of the Federation, the minister emphasised: All capital payments must comply with the Public Procurement Act No project should commence without confirmed funding No payment should be processed outside approved procurement procedures…
Olubunmi Kuku, Managing Director of FAAN, has reaffirmed the agency’s decision to fully implement a cashless payment system across all airport payment points nationwide, effective February 28, 2026. The clarification followed a visit by executives of the National Union of Air Transport Employees (NUATE), who sought further details on the planned discontinuation of physical cash transactions at airports. According to FAAN, the move aligns with: Federal Government directives aimed at strengthening transparency and accountability A Treasury Circular issued on November 24, 2025, by the Office of the Accountant-General of the Federation Global best practices in aviation management Mrs. Kuku stated…
President Bola Tinubu has congratulated Leo Stan Ekeh, Founder and Chairman of Zinox Group, on his 70th birthday, describing him as one of Nigeria’s pioneering innovators in the information technology sector. In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President praised Ekeh’s contributions to Nigeria’s manufacturing and technology ecosystem. Tinubu recalled the 2001 launch of the Zinox range of indigenous computer products, calling it a groundbreaking moment for local technology production. At the time, Tinubu was the Governor of Lagos State and hosted Ekeh to a private dinner ahead of the launch event…