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Monetary Tightrope: CBN Holds Benchmark Rate at 26.5% as Economy Awaits Shift from Inflation-Fight to Growth

July 26, (THEWILL) — The Central Bank of Nigeria (CBN) has again chosen policy caution over monetary easing, retaining the Monetary Policy Rate (MPR) at 26.5 percent despite a steady moderation in inflation, which declined to 15.91 percent in...

THEWILL EDITORIAL: Tinubu’s New Economic Advisory Committee Must Deliver Results

July 26, (THEWILL) — President Bola Ahmed Tinubu's decision to constitute a 15-member Economic Advisory Committee has been welcomed by many stakeholders who see it as an opportunity to inject fresh ideas into Nigeria's troubled economy. Notwithstanding some improved macroeconomic...

Atiku, Tinubu’s War of Words Escalates as Ex-VP Counters Presidency Over China Jibe, Revives US Forfeiture Scandal

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Former Vice President Atiku Abubakar has rejected the Presidency's criticism over his efforts to revisit President Bola Tinubu's US civil forfeiture case. His response came after the Presidency claimed that, under China's legal system, Atiku would have been...

Why Dangote Chose London Over Dubai for Cement Listing

Dangote Cement has opted for a secondary listing in London after ruling out Dubai, saying the UK market offers a faster and more practical route to attract global investors. The company plans to complete the listing before the...

Tinubu Unveils Biggest Nigerian Army Expansion In Decades, Expands Divisions To 12, Approves Recruitment Of 28,000 Personnel

Largest Army Restructuring in Decades: President Bola Tinubu has approved the expansion of the Nigerian Army from eight to 12 divisions in a sweeping reform aimed at strengthening national defence and improving operational effectiveness. 28,000 New Soldiers Approved:...

Dangote Refinery Completes $2.5bn Private Placement Ahead Of Planned IPO

Dangote Petroleum Refinery has completed a $2.5 billion private placement, one of the largest corporate fundraising deals by an African company, as it prepares for the next phase of its expansion. The offer was oversubscribed by 3.7 times,...

Nigeria’s Money Supply Hits N133.25tn as CBN Keeps Rates at 26.5%

Nigeria's broad money supply increased by N4.04 trillion to N133.25 trillion in June, reflecting sustained liquidity growth despite the Central Bank of Nigeria's decision to retain its benchmark interest rate The expansion was driven mainly by stronger quasi-money...

‘You Can’t Rewrite Constitution Through Budget’ – Atiku Knocks Tinubu’s ₦22.15bn Palace Allocation

Atiku accuses Tinubu of violating the 1999 Constitution by allocating ₦22.15 billion in the 2026 Appropriation Act for the construction and renovation of 106 traditional rulers' palaces Former vice president demands full disclosure, urging the Presidency, Budget Office,...

Middle East tensions send oil above $95, raising fresh fears over global energy supplies

• Brent crude climbed above $95 per barrel for the first time in six weeks as renewed conflict in the Middle East heightened fears of disruptions to global oil supplies. • The price rally is already affecting Nigeria, with petrol...

Trump Writes Tinubu Over Terrorist Attacks On Christian Communities, Full Details Emerge

US President Donald Trump has commended President Bola Tinubu's leadership in the fight against terrorism, describing his efforts to protect Nigerians as decisive and worthy of international support. Trump specifically praised Tinubu's resolve to confront terrorist attacks on...