Naira records two-week depreciation against dollar at official market
The naira further depreciated at the official market on Friday, March 6, 2026, trading at N1,393.25 against the United States dollar. Data released by the Central Bank of Nigeria (CBN) showed that the naira lost N5.80. This represents a 0.4 per cent loss when compared to Thursday, when the local currency traded at N1387.44 to the dollar. Banking sector recapitalisation on track...
Tinubu to military: We will prevail over insecurity
President Bola Ahmed Tinubu has assured Nigerians and members of the country’s armed forces that the nation will ultimately overcome insecurity, stressing that the sacrifices of military personnel defending the country will not be in vain. The President gave the assurance on Friday during an interfaith breaking of fast with members of the Armed Forces at the Presidential Villa in...
Banking sector recapitalisation on track as deadline nears — CBN
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said the ongoing banking sector recapitalisation programme is progressing in line with the approved regulatory timetable as the March 31, 2026 deadline approaches. Cardoso disclosed this at the close of the 304th Monetary Policy Committee media briefing held in Abuja on February 24, 2026. According to the CBN governor, 20...
Court jails businesswoman nine months for N20m mortgage fraud
Justice W.I. Aziegbemhin of the Edo State High Court sitting in Benin City has sentenced a businesswoman, Ifeoma Joy Bogamhe, to nine months imprisonment for property fraud involving multiple mortgage transactions. Bogamhe was arraigned in June 2025 by the Economic and Financial Crimes Commission (EFCC) on a two-count amended charge bordering on fraudulent disposition of mortgaged property. She initially pleaded...
Four ministers to exit Tinubu’s council
Fresh political calculations ahead of the 2027 general elections may trigger changes in the cabinet of President Bola Ahmed Tinubu, as some ministers are reportedly preparing to resign to pursue political ambitions in their home states. Findings indicate that at least four cabinet members are considering state-level contests in 2027, particularly in states where incumbent governors will complete their constitutionally...
FG targets $1trn economy through funding for women-led businesses
The Federal Government has identified improved access to capital for women-led businesses as a key strategy to unlock Nigeria’s industrial growth and accelerate opportunities under the African Continental Free Trade Area (AfCFTA) framework. The Minister of Industry, Trade and Investment, Jumoke Oduwole, disclosed this during a high-level policy dialogue held in Abuja on Friday to commemorate International Women’s Day. Oduwole said...
Petrol hits N995 as Dangote adjusts prices
The Dangote Petroleum Refinery has increased its Premium Motor Spirit (petrol) gantry price to N995 per litre, marking a sharp N221 jump in just four days, following fluctuations in global crude oil prices and shipping costs. A senior refinery official confirmed the adjustment on Friday, explaining that the new price reflects recent changes in international oil market fundamentals. “Yes, the price...
Leeds coach Farke fined, suspended for confronting EPL referee
Leeds United manager Daniel Farke has been handed a one-match suspension and fined £8,000 for confronting match officials after his side’s Premier League loss to Manchester City. The Football Association announced this in a statement on Friday. Following City’s 1-0 victory at Leeds last month, Farke approached the referee immediately after the final whistle and was shown a red card, with...
EFCC returns N279m to Wole Soyinka Centre
The Economic and Financial Crimes Commission (EFCC) has handed over N279 million to the Wole Soyinka Centre for Culture and the Creative Arts, formerly the National Theatre, Lagos, as part of its ongoing efforts to combat corruption and recover misappropriated public funds. The handover ceremony took place on Friday, March 6, 2026, at the EFCC’s Lagos Zonal Directorate 2 in...
PSC promotes seven AIGs to DIGs, urges upholding professionalism
The Police Service Commission (PSC) has promoted seven Assistant Inspectors-General of Police (AIGs) to the rank of Deputy Inspectors-General of Police (DIGs), in a move aimed at strengthening the leadership cadre of the Nigeria Police Force. The promotions, based on merit, seniority, service records, and performance in a written examination and oral interview conducted at the PSC’s Corporate Headquarters in...
