5 d. ago CBN posts $3.73bn current account surplus in Q1 2025, driven by surge in non

From Adanna Nnamani, Abuja Nigeria recorded a current account surplus of $3.73 billion in the first quarter of 2025, buoyed by a strong rebound in the goods account and a surge in non-oil exports. This was according to the latest Balance of Payments (BoP) statistics released by the Central Bank of Nigeria (CBN). Though the […] The post CBN posts $3.73bn current account surplus in Q1 2025, driven by surge in non-oil exports appeared first on The Sun Nigeria.

Politics

5 d. ago Nigeria records $10.6bn portfolio investment crash in Q1 2025

FDI drops by 19% From Adanna Nnamani, Abuja Nigeria suffered a $10.6 billion crash in portfolio investment in the first quarter of 2025, reflecting deepening capital flight and rising investor concerns over the country’s economic direction. The latest Balance of Payments report released by the Central Bank of Nigeria (CBN) showed that portfolio investment liabilities […] The post Nigeria records $10.6bn portfolio investment crash in Q1 2025 appeared first on The Sun Nigeria.

Events

7 d. ago CBN’s policies trigger inflation rate dip as growth prospects rise

By Michael Nwadike The significant drop in Nigeria’s inflation rate in May has been largely attributed to key policy implementation by the Central Bank of Nigeria (CBN) as well as monetary-fiscal policies alliance. The National Bureau of Statistics (NBS) data showed that Nigeria’s annual inflation rate eased to 22.97 per cent in May from 23.71 […] The post CBN’s policies trigger inflation rate dip as growth prospects rise appeared first on The Sun Nigeria.

Politics

9 d. ago Angry Opposition Politicians Forming Coalition Over Exclusion, Not Driven By Public Interest – Sani

Former Kaduna Central Senatorial District senator, Shehu Sani, has berated politicians forming coalition against President Bola Tinubu, ahead of 2027 election. According to Mr Sani, their intentions are not grounded in genuine public interest but driven by personal frustration and exclusion from power. Speaking on Channels Television show on Wednesday, Mr. Sani noted that most opposition […] The post Angry Opposition Politicians Forming Coalition Over Exclusion, Not Driven By Public Interest – Sani appeared first on Information Nigeria.

Politics

1 week ago Osun LG crisis deepens as PDP accuses CBN of sabotage, demands transfer of CBN leader

From Lateef Dada, Osogbo The crisis over the control of local government in Osun State has deepened as the Central Bank of Nigeria (CBN) allegedly prevented the newly elected local government chairmen under the Peoples Democratic Party (PDP) from opening accounts for statutory allocations. Speaking at a press conference in Osogbo on Tuesday, the Osun […] The post Osun LG crisis deepens as PDP accuses CBN of sabotage, demands transfer of CBN leader appeared first on The Sun Nigeria.

Politics

1 week ago Nigeria, Kenya, Ghana, Shine As 4 Young Innovators Win AYuTe NextGen 2025

Four young agricultural innovators from Kenya, Ghana, and Nigeria have emerged winners of the AYuTe NextGen 2025 competition, Africa’s premier platform for youth-driven agricultural innovation. The event, hosted by Heifer International, concluded in Kampala over the weekend after three days of live pitches, collaborative dialogue, and visionary discussions under the theme “AgTech Generation Rising.” The […]

Politics

2 w. ago How oil prices rally boosts CBN’s push for higher reserves, stable naira

By Michael Nwadike The Central Bank of Nigeria (CBN) has continued to take steps that ensure higher reserves accretion, stable naira and elevated dollar liquidity. The ongoing oil prices rally over Israel-Iran war portends a combination of risks and upsides for the economy, underlining the need for proactive management of its impact. Brent Oil Futures […] The post How oil prices rally boosts CBN’s push for higher reserves, stable naira appeared first on The Sun Nigeria.

Politics

2 w. ago Release Osun LG allocation to lawful account, Assembly urges AGF, finance minister

From Lateef Dada, Osogbo The Osun State House of Assembly has urged the Accountant-General of the Federation and the Minister of Finance to immediately release all outstanding local government allocations through the lawful Local Government Accounts. The legislators condemned purported attempts by ‘unauthorised persons’ to approach the Central Bank of Nigeria (CBN) for transactions relating […] The post Release Osun LG allocation to lawful account, Assembly urges AGF, finance minister appeared first on The Sun Nigeria.

Politics

2 w. ago CBN maintains confidence in banks, offers transitional support

As part of its work to keep banks strong, the Central Bank of Nigeria (CBN) has put in place temporary steps for a few banks that are still moving away from earlier support they received during the COVID-19 pandemic. This step is part of the CBN’s broader, sequenced strategy to implement the recapitalisation programme announced […] The post CBN maintains confidence in banks, offers transitional support appeared first on The Sun Nigeria.

Politics

2 w. ago Telcos back new USSD rules as CBN, NCC resolve payment gridlock

By Chinenye Anuforo chinenyeanuforo@gmail.com    The Association of Licensed Telecommunications Companies of Nigeria (ALTON) has thrown its weight behind the new USSD billing policy End User Billing (EUB) introduced by the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN). The policy, which mandates direct deduction of Unstructured Supplementary Service Data (USSD) service […] The post Telcos back new USSD rules as CBN, NCC resolve payment gridlock appeared first on The Sun Nigeria.

Politics

2 w. ago 2025 World Blood Donor: Lagos marks day with community driven walk

By Doris Obinna Residents of Lagos defied rain and gathered in large numbers on Saturday, June 14, to mark the 2025 World Blood Donor Day with a spirited awareness walk, youth-centered activities, and a community-wide blood donation drive. Far beyond a symbolic gesture, the event became a powerful call to action aimed at changing public […] The post 2025 World Blood Donor: Lagos marks day with community driven walk appeared first on The Sun Nigeria.

Politics

3 w. ago CBN halts profit sharing, overseas investments for banks under special support

The Central Bank of Nigeria (CBN) has temporarily suspended the payment of dividends, executive bonuses and foreign investments by banks currently under regulatory forbearance. This is part of a strategy to reinforce financial discipline and protect the stability of the banking sector. The directive affects only those banks that are receiving temporary regulatory relief, commonly […] The post CBN halts profit sharing, overseas investments for banks under special support appeared first on The Sun Nigeria.

Politics

3 w. ago CBN refutes claims of extended deadline for BDC recapitalisation

From Adanna Nnamani, Abuja The Central Bank of Nigeria (CBN) has dismissed reports circulating online that it has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025. In a statement issued by the Acting Director of the Corporate Communications Department, Mrs Hakama Ali, the central bank described the […] The post CBN refutes claims of extended deadline for BDC recapitalisation appeared first on The Sun Nigeria.

Politics

3 w. ago NDIC begins payment of liquidation dividends to Premier Commercial Bank creditors after 25 years

From Adanna Nnamani, Abuja Two and a half decades after Premier Commercial Bank was shut down, the Nigeria Deposit Insurance Corporation (NDIC) has officially commenced payment of liquidation dividends to the bank’s verified creditors. Premier Commercial Bank, once a functioning financial institution, had its operating license revoked by the Central Bank of Nigeria (CBN) in […] The post NDIC begins payment of liquidation dividends to Premier Commercial Bank creditors after 25 years appeared first on The Sun Nigeria.

Politics

3 w. ago PMI: Recalibration bell tolls as cost pressures threaten Nigeria’s fragile recovery

By Chinwendu Obienyi Despite a sixth consecutive month of private sector expansion, Nigeria’s economic recovery is under increasing threat from cost-induced pressures that are eroding business margins, depressing confidence and exposing structural vulnerabilities across key sectors. The latest Purchasing Managers’ Index (PMI) for May 2025, compiled by the Central Bank of Nigeria (CBN), printed at […] The post PMI: Recalibration bell tolls as cost pressures threaten Nigeria’s fragile recovery appeared first on The Sun Nigeria.

Politics

3 w. ago Consumer Goods Sector Drives NGX Growth With 40.65% Increase

Nigerian Exchange (NGX) Consumer Goods index has recorded a growth of 40.65 per cent year-to-date as of June 5, 2025, driven by strong demand for essential goods and investor confidence in the sector. This impressive performance reflects the resilience of Nigeria’s consumer goods industry, despite economic challenges. The growth in the index is a positive […]

Politics

4 w. ago “Tinubu Govt Driven By Sentiment, Not Skill” – Rotimi Amaechi

Former Minister of Transportation, Rotimi Amaechi, has criticized the current Nigerian administration, stating that tribal and religious sentiments are driving governance rather than competence. In an interview with news men, the former Rivers State governor said, “The focus should be on competence, not tribe or religion. If someone is capable, let them lead—regardless of where […] The post “Tinubu Govt Driven By Sentiment, Not Skill” – Rotimi Amaechi appeared first on Information Nigeria.

Politics

4 w. ago FG Reaffirms Global Leadership In Entrepreneurship At 2025 GEC

The federal government has reaffirmed its commitment to entrepreneurship-driven industrial transformation. Nigeria made a commitment at the 2025 Global Entrepreneurship Congress (GEC) and the high-level Startup Nations Ministerial in Indianapolis, United States. Representing the federal government at the event, Minister of State for Industry, Trade and Investment, John Owan Enoh conveyed the excitement of Nigeria […]

Politics

4 w. ago AI investment in Nigeria to hit $400m as finance leads charge

Investment in Artificial Intelligence (AI) in Nigeria is projected to reach $400 million by 2025, driven by increasing adoption in read more AI investment in Nigeria to hit $400m as finance leads charge

Politics

last month CBN withdrew N1.1trn via OMO auctions to boost FX inflows in May

By Chinwendu Obienyi The Central Bank of Nigeria (CBN) mopped up N1.1 trillion from the financial system through Open Market Operation (OMO) auctions in May 2025 as part of its ongoing strategy to tighten naira liquidity and bolster foreign exchange (FX) inflows, according to recent market reports from Afrinvest and Cowry Asset Management Limited. Hence, […] The post CBN withdrew N1.1trn via OMO auctions to boost FX inflows in May -Report appeared first on The Sun Nigeria.

Politics