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News
CBN policies boost Naira as Pound falls to N1,814
2+ hour, 16+ min ago (436+ words) BREAKING: Shoot anyone carrying illegal firearms, IGP orders Police The Nigerian naira recorded a strong gain against the British pound on Monday, trading at N1,814/£ in the official foreign exchange market. This is the strongest level the local currency has reached…...
Nigeria's inflation plummets to 15.91% in June as price pressures ease - P.M. News
1+ week, 5+ day ago (396+ words) BREAKING: Certificate Scandal: Court grants ex-minister Uche Nnaji bail Nigeria’s headline inflation rate eased further in June 2026, declining to 15.91 per cent from 15.93 per cent recorded in May, signalling a continued slowdown in the pace of rising consumer prices across the…...
Market survey reveals fall in food prices - P.M. News
2+ week, 2+ day ago (539+ words) BREAKING: Abducted Oyo teachers, pupils regain freedom A market survey carried out by this reporter to assess price performance of various staple food items in Ibadan, the Oyo State capital between October 2025 and June 2026 reveals a significant fall. Statistics authoritatively…...
IMF, World Bank rally nations to tackle Middle East war's economic fallout - P.M. News
2+ week, 5+ day ago (376+ words) BREAKING: ‘Cut off all trade with Spain’ — Trump turns on NATO ally The world’s leading financial, trade and energy institutions have appealed for closer international collaboration to reduce the economic disruption caused by the conflict in the Middle East. The…...
Emefiele: Witness says withdrawal of $6.2m pushed CBN's special dollar account into negative balance - P.M. News
3+ week, 3+ day ago (627+ words) BREAKING: Bandits kill ex-Benue SSG David Salifu A special investigator of federal government, Jim Osayande Obazee, has explained how withdrawal of $6.2 million allegedly earmarked for foreign election observer mission for the 2023 general election from the vault of Central Bank of…...
Nigeria's Inflation climbs to 15.93% in May, food prices still bite - P.M. News
1+ mon, 1+ week ago (630+ words) BREAKING: Panic as corpse is found near Iran’s World Cup training camp Nigeria’s headline inflation rate rose to 15.93 per cent in May 2026, marking a slight increase from the 15.69 per cent recorded in April, according to the latest Consumer Price Index…...
Cost of living set to rise as IMF calls for new taxes in Nigeria
1+ mon, 1+ week ago (537+ words) BREAKING: Panic as corpse is found near Iran’s World Cup training camp The International Monetary Fund (IMF) has advised the Nigerian government to introduce new taxes on telecommunications services and fuel products as part of efforts to increase government revenue....
World Bank: Global growth to decline to 2.5% in 2026 over Middle East crisis - P.M. News
1+ mon, 2+ week ago (730+ words) The World Bank’s latest Global Economic Prospects report says the ongoing conflict in the Middle-East is expected to slow global economic growth to its lowest level since the COVID-19 pandemic. A statement from the bank’s Online Media Briefing Centre on…...
Revealed: Who really borrowed the most since 1999
1+ mon, 2+ week ago (620+ words) Business Africa has challenged widespread claims that President Bola Tinubu’s administration is responsible for Nigeria’s highest level of borrowing since the country returned to democratic rule in 1999. According to the report titled “Who Borrowed Most? Nigeria’s Presidential Debt Record 1999–2025,” recent…...
Naira remains strong against British pound, trades at N1,823/£1
1+ mon, 2+ week ago (411+ words) The Nigerian naira continued to gain strength against the British pound in the foreign exchange market. According to the latest data from the Central Bank of Nigeria (CBN), the naira closed at N1,823 per pound on Friday, June 5, 2026. This represents a…...