Author: Ogochukwu Ndubuisi

BBC Chairman: Trump Has no Basis for Defamation Case BBC chairman Samir Shah has reassured staff that U.S. President Donald Trump has no basis for a defamation case, over the editing of his speech for the Panorama programme. “We are determined to fight this.” Shah said. The president has said he will still sue the corporation in spite of an apology over the editing of a speech made ahead of the attack on the U.S. Capitol. The BBC said the edit of Trump’s speech on January 6, 2021 had given the “mistaken impression that President Trump had made a direct…

President Bola Tinubu has assured potential partners and foreign investors that the right time to invest in Nigeria’s aviation is now, as the industry

Nigeria’s Headline Inflation Rate Crashes to 16.05% in October Nigeria’s headline inflation rate crashed to 16.05% year on year in October, according to the consumer price index (CPI) report released by the statistics office. According to the National Bureau of Statistics (NBS), headline inflation eased sharply to 16.05% year on year in October, down from 18.02% year on year in September. Both food and core inflation moderated, down by 375 bps and 84 bps to 13.1% year on year and 18.7% year on year, respectively. However, on a month-on-month basis, consumer prices increased by 21 bps to 0.93% compared with…

COP30: Nigeria Set to Boost Green Economy, Tackle Climate Change Mrs Tenioye Majekodunmi, Director-General, National Council on Climate Change (NCCC), says Nigeria will intensify efforts to advance the green economy toward mitigating climate change. Majekodunmi said this on Monday during an interview with the News Agency of Nigeria on the sidelines of the 30th United Nations Climate Change Conference of the Parties in Belém, Brazil. She said focus on overall environmental sustainability including renewable energy, sustainable agriculture, and waste management would be maintained nationwide. According to her, Nigeria has taken this charge to heart. Our commitment is not just an…

Dangote Cement Opens N100bn Commercial Papers for Subscription Dangote Cement Plc has returned to the debt capital market to raise N100 billion via commercial papers offered to investors, MarketForces Africa gathers from investment banking experts. The cement company opens the offers across Series 1 and Series 2 commercial papers under its N500 billion issuance programme registered with the authority. The company hinted that the net proceeds from the commercial paper offers will be used for working capital purposes. Series 1 commercial paper with 181 days to maturity is priced at a discount rate of 16.1026%, translating to an implied yield…

Banks Place Funds at SDF as Lending Appetite Tightens A growing number of deposit money banks (DMBs) enhance their placement at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) amidst shrinking lending appetite. The average non-performing loan in the Nigerian banking sector climbed in the third quarter over a slow loans recovery pace, raising concerns of asset quality. With the monetary authority’s expansionary policy focus, analysts said commercial banks are more likely to see their earnings shrinking until the cycle completes. Industry’s net margin has already dropped following downward loan repricing after September benchmark interest rate cut. The…

Money Market Rates Mixed as Excess Liquidity Hits N6trn Money market rates diverged as excess liquidity levels in the financial system hit N6 trillion, reflecting the absence of funding pressures. The short-term benchmark interest rates have been kept behind the average of 25% in the past week to reflect current liquidity conditions. November has been one of the most liquid, as the Central Bank open market operations slowed down. Even with heavy OMO bills totalling N2.6 trillion sold to investors, liquidity remains strong and robust. The condition was helped by activities of deposit money banks (DMBs) parking funds at the…

Pension Delay for Treasury-Funded MDAs Retirees Over – PenCom The National Pension Commission (PenCom) says the era of delayed pension payments for retirees of treasury-funded Ministries, Departments and Agencies (MDAs) is over. Mr Ibrahim Buwai, Head of the Corporate Communications Department in the commission, stated this in an interview with the News Agency of Nigeria (NAN), in Abuja on Sunday. According to Buwai, PenCom has achieved promptness in the remittance of accrued pension rights, following a sustained reforms and improved remittance systems. He said the commission has been paying accrued pension rights as and when due, since July, ensuring that…

Nigeria Adopts New Frameworks at 2025 Health Joint Annual Review Nigeria has, at the close of the 2025 Health Sector–Wide Joint Annual Review (JAR), adopted a new national framework to strengthen accountability, financing, governance, and service delivery in the health sector. This is contained in the communiqué at the end of the three days annual review event read by the Permanent Secretary, Federal Ministry of Health and Social Welfare (FMoHSW), Ms Daju Kachollom. The 2025 JAR assessed national and state-level progress under the Sector-Wide Approach (SWAp) and aligned collective action toward the Nigeria Health Sector Renewal Investment Initiative (NHSRII) and…

Nigeria’s Oct. Inflation Rate Projected to Print Below 18% It is anticipated that Nigeria’s headline inflation rate will register below 18% for October, as forecasts suggest that the consumer price index (CPI) will continue its ongoing decline. The National Bureau of Statistics (NBS) is set to release the October 2025 Consumer Price Index (CPI) on Monday, and Cowry Research projects headline inflation to ease further to 17.83%. In a note, the investment firm highlighted that the lower inflation print projection is supported by continued naira stability, improved FX liquidity, and sustained food supply from the ongoing harvest season. The investment…