News

The Central Bank of Nigeria’s (CBN) decision to cut its benchmark interest rate by 350 basis points has opened a new phase in monetary policy, with economists divided over how quickly the reduction will translate into cheaper credit and stronger economic activity.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has tightened its regulatory grip on petroleum marketers, threatening to revoke the licences of fuel stations caught under-dispensing products to consumers.

The US Justice Department has told a federal court that President Donald Trump has the authority to bar CNN, MS NOW and Politico reporters from parts of the White House.

Agusto & Co. has upgraded the long-term credit rating of Mutual Benefits Assurance Plc from BBB+ to A-, citing improvements in the insurer’s financial performance, capitalisation and underwriting operations.

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso said the bank had developed different scenarios for managing the expected increase in money circulation during the election period and would base its response on economic data rather than assumptions.

The change, which took effect on September 9, 2026, was announced by the UK Department for Education (DfE), which said Nigeria and Ghana no longer met the requirements for inclusion on the list.

The market opened with a capitalisation of N162.385tn before rising 0.18 percent by the close of trading.

In an announcement published on September 22, the bank said it was facilitating participation by individual and institutional investors through its digital platforms and branches. Its network covers 33 African countries.

Raenest has launched a Stablecoin Vault that lets eligible customers fund accounts with naira and earn variable returns on USDC and USDT, expanding its services beyond receiving and moving money.

He said the United States was weighing whether to pursue an agreement that would allow Iran to rebuild and develop economically or intensify pressure on Tehran, warning that the alternative could mean driving the country “into hell”.