Niger Republic Bars Nigerians With ECOWAS Passport

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On the Foreign Scene Report has it that the Republic of Niger has begun enforcing restrictions on Nigerians traveling with ECOWAS passports, barring entry for those without a valid international passport. This follows Niger’s recent withdrawal from ECOWAS alongside Mali and Burkina Faso. Cross-border traders and travelers report being turned […]

Central Bank of Nigeria Orders Banks To Cut Insider Loans

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The Central Bank of Nigeria (CBN) has ordered commercial banks to cut insider loans within six months or face regulatory sanctions. The directive, issued under the Banking and Other Financial Institutions Act (BOFIA) 2020, aims to curb excessive lending to directors, top shareholders, and affiliates. Banks must now regularize all […]

Nigeria’s inflation dropped to 24.48% after rebasing

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Nigeria’s inflation rate has dropped significantly to 24.48% year-on-year in January 2025, down from 34.80% in December. This decline, reported by the National Bureau of Statistics, follows the rebasing of the Consumer Price Index (CPI), which reflects updated consumption patterns. Urban inflation stands at 26.09%, while rural inflation is 22.15%.Food […]

Elder Statesman Edwin Clark Dies At 97.

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Nigeria has lost another elder statesman, Chief Edwin Clark, who passed away at the age of 97 on Monday night. His family confirmed the news, stating that further details will be announced later. Meanwhile, former NIMASA Director-General Dakuku Peterside has mourned Clark’s passing, describing him as a patriot and defender […]

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