Nigeria’s currency is showing early signs of stabilisation against the British pound, supported by ongoing reforms of the Central Bank of Nigeria (CBN) and improving macroeconomic fundamentals. The naira closed at N1,837/£1 at the official market on Wednesday, holding below the key psychological threshold of N1,900/£—a level analysts say has strengthened bullish sentiment around the local currency. Market indicators suggest the naira has retained much of its gains against the pound this year, following a period of heightened volatility. Reforms, reserves underpin stability The relative stability is largely attributed to policy tightening and structural reforms introduced under the CBN Governor,…
Author: Newsdesk
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso announced on Thursday that 32 banks have met the revised minimum capital requirements under the ongoing recapitalisation programme. Speaking at Abuja’s Monetary Policy Forum, he hailed the “commendable” progress as a boost to financial resilience and Nigeria’s $1 trillion economy push. “This achievement strengthens our banking system’s capacity to mobilise long-term capital and support investment,” Cardoso said. Key reforms include risk-based capital rules, ending regulatory forbearance, curbing insider lending, and upgrading supervision via digital early-warning tools and cross-border oversight. Inflation slashed by aggressive tightening Headline inflation plunged from 34.8% in December 2024…
The Government Day Secondary School, Karu, has emerged winner of the Abuja Season 3 grand finale of the “I Beg to Differ” debate competition, clinching a cash prize of N3 million Naira. The competition, organised by Nigeria Info FM Abuja and officially sponsored by KIRA Ai, brought together top secondary schools across the Federal Capital Territory to showcase critical thinking, public speaking and civic engagement. Speaking at the event, the Programme Manager of Nigeria Info FM Abuja, Swat Duniah-Adalumo, described the season as impactful and innovative, noting that the organisers introduced a school-based format to deepen participation. “It has been…
The Independent National Electoral Commission (INEC) has extended the deadline for political parties to submit their members register to the commission for the 2027 general election. The commission disclosed this in a statement by National Commissioner and chairman, Information and Voter Education Committee, Mohammed Haruna, on Friday in Abuja. Haruna said that instead of the April 21 deadline, political parties now have until May 10, but not later than 21 days before the holding of their respective primaries. He said that the decision was reached following the commission meeting with the political parties on Tuesday. He said that the parties…
A fire has gutted the Ebonyi State Health Cold Store housing immunisation and solar units received from the National Primary Health Care Development Authority (NPHCDA). Dr. Moses Ekuma, Commissioner for Health, disclosed this while briefing journalists on the incident, which occurred in the early hours of Friday. The Commissioner said the destroyed facilities are worth over N100 million. “These include vaccines, vaccine carriers, cold chain boxes, laptops, documents, five refrigerators, two solar refrigerators, 45 solar batteries and inverters. “Others include hospital beds and foams received from the NPHCDA, Abuja, for distribution to local government areas (LGAs) next week,” he said.…
The Association of Community Pharmacists of Nigeria (ACPN), Lagos State Chapter, has urged the government to act swiftly against the proliferation of fake and substandard drugs. The State Chairman, Mr. Tolulope Ajayi, told reporters on Friday that drug distribution in Lagos and across the country remains deeply concerning. Ajayi lamented that the Federal Task Force on counterfeit and substandard drugs has not been inaugurated in Lagos, despite being operational in other states. “The task force is critical and will complement the efforts of regulatory bodies in ensuring that medicines in our communities are safe. “The integrity of the state’s drug…
An environmental expert, Sanusi Maikudi, on Friday called for greater inclusion of women in Nigeria’s water sector to enhance sustainable water management and environmental protection. Maikudi, a former Managing Director of the Kaduna State Water Corporation, made the call during a climate monthly hangout in Kaduna. He said the number of women in the sector remains grossly inadequate, stressing the need for deliberate policies to promote gender inclusion. According to him, improving women’s participation will help build the expertise required to address emerging challenges in water management. “Stakeholders should invest more in water and environmental education to produce skilled manpower…
Roche Products Ltd. has partnered with the National Health Insurance Authority (NHIA) to expand coverage, improve quality and ensure equitable healthcare access for Nigerians. The collaboration, through the Health Innovation Leadership Academy, is designed to accelerate the realisation of Universal Health Coverage nationwide. The initiative aligns with Nigeria’s broader health sector reforms aimed at strengthening systems, improving financing and widening access to affordable healthcare services. Through the partnership, the NHIA is deploying innovative strategies to ensure that no citizen suffers financial hardship when accessing essential healthcare services across the country. Speaking in Lagos, Roche Acting General Manager, Dr. Bolarinwa Oyedeji,…
The Nigeria Centre for Disease Control and Prevention (NCDC) has recorded 135 deaths from Lassa fever as of Epidemiological Week 10 of 2026, with the case fatality rate rising to 26.2 per cent, according to its latest situation report. The NCDC disclosed this on Friday in its Lassa Fever Situation Report for Epidemiological Week 10 (March 2–8, 2026). The report indicates that the fatality rate is significantly higher than the 18.3 per cent recorded within the same period in 2025, raising fresh concerns among public health experts. It stated that although the number of confirmed cases declined during the reporting…
The Kwara State Government says it targets to vaccinate 1.2 million children against poliomyelitis during the 2026 mass immunisation campaign in the state. It was reported that the state has intensified campaigns across rural communities for the mass immunisation of all eligible children aged zero to 59 months. It will be recalled that the state recorded two confirmed cases of Circulating Variant Poliovirus Type 2 (cVPV2) in December 2025 in Kiama Local Government Area, and an additional case in January 2026. Prof. Nusirat Elelu, the Executive Secretary of the Kwara State Primary Healthcare Development Agency, who spoke at the flag-off…