Business

Nigeria’s annual inflation rate stood at 15.06% in February 2026. This means that if your money is sitting idle in a low-yield account, it is losing real value every month.  The Central Bank of Nigeria also cut its Monetary Policy Rate by 50 basis points to 26.5% in February 2026.…

The Chief Executive Officer of Dangote Petroleum Refinery, David Bird, has said the refinery is currently receiving only about five crude oil cargoes each month, far below what it needs to operate at its expected supply level. Speaking during an interview on ARISE News, Bird explained that the refinery was…

A major leadership change at Airtel Africa Plc was announced on Wednesday. The telecommunications operator confirmed that Sunil Bharti Mittal will step down as Chairman after nearly a decade in the role. This change marks a strategic shift for the company, which has become a key player in mobile connectivity…

The Federal Government is making a significant effort to improve food security and boost domestic agriculture. Nigeria is moving forward with a $900 million poultry development partnership with Chinese investors. This initiative aims to produce up to six million eggs daily across the country. This partnership marks a shift in…

The Central Bank of Nigeria (CBN) has issued a landmark directive requiring all International Money Transfer Operators (IMTOs) to open and maintain naira settlement accounts with authorised dealer banks,a move designed to tighten oversight of diaspora remittances and boost transparency in Nigeria’s foreign exchange market. The directive, contained in a…