The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate eased to 15.06 per cent in February. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for February 2026, released in Abuja on Monday. According to the report, the February headline inflation showed a decrease of 0.04 per cent compared to the 15.10 per cent recorded in January. It said that on a year-on-year basis, the headline inflation rate in February was 11.21 per cent lower than the rate recorded in February 2025 at 26.27 per cent. The report said on a month-on-month basis, the…
Author: Newsdesk
The Oyo State Government has urged residents to stop open defecation and indiscriminate dumping of waste in streams and waterways, warning that such practices undermine the effectiveness of erosion control measures. Commissioner for Environment and Natural Resources, Mr. Ademola Aderinto, gave the advice on Monday after concluding the final inspection of proposed project sites under the Nigeria Erosion and Watershed Management Project – European Investment Bank (NEWMAP-EIB) intervention. A statement from the ministry said the inspected sites included Aborerin Stream in Eruwa (Ibarapa East Local Government Area), Fedomu Stream in Igbeti (Olorunsogo Local Government Area), and erosion sites within Ladoke…
The Centre for School Health Education and Environmental Hygiene (CSHEEH) on Monday commemorated the 2026 World Oral Health Day in Abuja with awareness activities aimed at promoting oral hygiene among primary and junior secondary school pupils. The event took place at LEA Primary and Junior Secondary School, Sabon-Lugbe, in partnership with the Nigerian Dental Association (NDA), FCT Chapter, and with support from Unilever and other collaborators. CSHEEH Executive Director, Dr. Folasade Momoh, said the programme sought to raise oral health awareness among pupils and encourage lifelong healthy practices. Momoh explained that World Oral Health Day, observed annually on March 20,…
The National Environmental Standards and Regulations Enforcement Agency (NESREA) says recent handovers of pangolins in Kano and Akwa Ibom demonstrate growing public awareness and support for wildlife conservation in Nigeria. Mrs. Nwamaka Ejiofor, NESREA’s Assistant Director of Press, stated this in a release issued on Monday in Abuja. In Akwa Ibom, a local hunter, Imo Etim, discovered two pangolins caught in traps set for grass-cutters. Upon realising the species, he immediately contacted Prof. Olajumoke Morenikeji of the Pangolin Conservation Guild Nigeria (PCGN). Ejiofor said one pangolin later died, while the hunter handed both animals over to NESREA officials led by…
FairMoney Microfinance Bank has appointed Gbenga Shobo, former Deputy Managing Director of First Bank of Nigeria Ltd., as Chairman of its Board of Directors. The bank also named Debo Aderoju as Executive Director and Chief Risk Officer to bolster leadership and corporate governance. FairMoney stated that the appointments aim to strengthen governance frameworks and executive capacity as it expands in Nigeria’s rapidly growing digital financial services sector. Managing Director Henry Obiekea described the moves as timely for the bank’s next growth phase. “The bank is at a critical inflection point where strong corporate governance is essential to sustain the growth…
The Federal Road Safety Corps (FRSC), Kano Command, has launched proactive sensitisation campaigns targeting drivers and transport unions to promote road safety ahead of the Sallah festivities. The exercise complies with a directive from FRSC Headquarters for a nationwide public enlightenment campaign to ensure safer roads during the festive period. Kano Sector Commander, Idris Mohammed-Lawal, said the campaign aims to create awareness on road safety, promote responsible driving behaviour, and ensure a crash-free Sallah celebration in Kano State. “The campaign aligns with the Corps’ 2026 strategic goal of Renewed Commitment, Professionalism and Improved Service Delivery, introduced by the Corps Marshal,…
Rice farmers in Lagos have commended President Bola Tinubu’s directive to the Renewed Hope Ambassadors to distribute rice to Nigerians observing the ongoing Ramadan and Lenten seasons, but called for a sustainable, long-term approach to address food insecurity. The farmers made the appeal during separate interviews with reporters on Monday in Lagos. President Tinubu had directed the Renewed Hope Ambassadors to distribute rice across all 36 states and the Federal Capital Territory to support citizens during the sacred periods of Ramadan and Lent. Imo State Governor and Director-General of the Renewed Hope Ambassadors, Senator Hope Uzodimma, disclosed this in a…
The United Nations Children’s Fund (UNICEF), in collaboration with the Federal Ministry of Information and National Orientation, on Monday commenced a two-day training workshop for journalists from the North-Central and North-East regions on the ethics of child reporting. Declaring the workshop open in Gombe, Mr. Toye Falayi, Assistant Director of the Child Rights Bureau in the Federal Ministry of Information and National Orientation, said the training aimed to improve child protection through responsible and ethical reportage. Falayi urged participants to pay full attention and actively engage in the sessions to achieve the workshop’s objectives. “I want to commend UNICEF for…
Compliance officers from two commercial banks on Monday testified in the ongoing alleged N8.7 billion fraud trial of former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, alongside his wife, Asabe Rakiya Bashir, and his son, Abubakar Abdulaziz Malami. The officials appeared as prosecution witnesses for the Economic and Financial Crimes Commission (EFCC) before Justice Joyce Abdulmalik of the Federal High Court, Abuja, where they tendered bank documents and account statements linked to companies and organisations associated with the defendants. The EFCC is prosecuting the trio on an amended 16-count charge bordering on alleged conspiracy, procuring, disguising, concealing…
Coronation Merchant Bank has completed its recapitalisation programme, raising its paid-up capital to N50.26 billion, in compliance with the N50 billion minimum capital requirement set by the Central Bank of Nigeria for merchant banks. The bank said the exercise was executed through a combined rights issue and private placement, which generated more than N32.09 billion in new equity capital. The recapitalisation received strong backing from existing shareholders and strategic investors, strengthening the bank’s balance sheet and positioning it for the next phase of growth across its key business segments. ALSO READ Recapitalisation: 31 banks meet CBN capital requirements [FULL LIST]…