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Why CBN Retained Bencmark Interest Rate At 27.5%

CBN: Curbing Bank Frauds

By Arize Nwobu The Central Bank of Nigeria ( CBN) is in the forefront and in collaboration with other regulatory institutions to

Nigeria Senate Defers Debate on Electoral Act Repeal Bill

January 28, 2026
Nigeria’s Senate has postponed consideration of a bill seeking to repeal and re-enact the Electoral Act, agreeing to study the proposed legislation in more detail before taking a decision. The move followed debate on the report of the Senate Committee on Electoral Matters during plenary on Tuesday. The committee’s chairman, Senator Simon Lalong, was absent from the session. Lawmakers agreed

Ex-Fifa President Backs US World Cup Boycott Over Security Concerns

January 27, 2026
Former Fifa president Sepp Blatter has urged football fans to reconsider travelling to the United States for this year’s World Cup, citing concerns over security and recent incidents linked to immigration enforcement. Mr Blatter said he agreed with comments by Swiss anti-corruption lawyer Mark Pieth, who has publicly questioned whether supporters would be safe attending matches in the US. “I

Comparing Fela Kuti With Any Nigerian Musician

January 28, 2026
By Promise Adiele In the title of this essay, I have carefully avoided mentioning any Nigerian musician with Fela’s name. It is deliberate. I cannot, in good conscience, insert the name of any Nigerian or African musician alongside Fela’s name. Doing so
CBN Further Raises Benchmark Interest Rate To 27.25%

CBN Allows Use of Expired Drug Licences

January 28, 2026
Nigeria’s central bank has approved a temporary measure allowing importers to use expired drug regulatory licences to process import documentation, in a move aimed at preventing disruption to trade. The Central Bank of Nigeria (CBN) said licences issued by the National Agency

Nigeria to Move Cannabis Farmers Into Legal Crops

January 28, 2026
Nigeria’s anti-drugs agency has launched a pilot programme aimed at persuading cannabis farmers to abandon illegal cultivation and switch to legal, profitable crops The National Drug Law Enforcement Agency (NDLEA) unveiled the initiative on Tuesday in the south-western state of Ondo, describing
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