
- BUSINESS, SLIDE
- May 20, 2026
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the country’s benchmark interest rate, known as the Monetary Policy Rate (MPR), at 26.5%. The decision was reached during the committee’s 305th meeting held in Abuja, with all 11 MPC members participating in deliberations on inflation, lending conditions, and the broader
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Popular Nollywood actor and Lagos lawmaker, Desmond Elliot, has lost the All Progressives Congress (APC) primary election for Surulere Constituency I ahead of the 2027 Lagos State House of Assembly election. Elliot was defeated by Barakat Odunuga-Bakare, the immediate past Special Adviser on Housing to Governor Babajide Sanwo-Olu. The outcome ends Elliot’s bid to secure
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A legal battle at the Federal High Court in Abuja is drawing attention to transparency concerns surrounding the National Revenue Service (NRS), with implications for President Bola Tinubu’s ongoing revenue reform agenda. The suit, filed by public interest lawyer President Aigbokhan, challenges the refusal of the NRS to release procurement documents linked to several multi-billion
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