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Punch Newspapers
punchng. com > 63-of-nigerians-want-interest-rates-reduced-cbn

63% of Nigerians want interest rates reduced " CBN

1+ hour, 57+ min ago  (1196+ words) The Central Bank of Nigeria says 63. 3 per cent of Nigerians want interest rates reduced ahead of the Monetary Policy Committee meeting scheduled for May 19 and 20, 2026. The apex bank disclosed this in its April 2026 Inflation Expectations Survey Report, released by its…...

Punch Newspapers
punchng. com > fg-moves-to-curb-contract-inflation-bans-variations-without-bpp-clearance

FG moves to curb contract inflation, bans variations without BPP clearance

12+ hour, 28+ min ago  (703+ words) The Bureau of Public Procurement on Sunday barred Ministries, Departments and Agencies from processing upward revisions of contract sums without first obtaining a Bureau certificate. It also issued guidelines centralising the review of all contract variations and scope modifications under…...

Punch Newspapers
punchng. com > meat-disappears-from-nigerian-homes-as-cow-prices-soar

Meat disappears from Nigerian homes as cow prices soar

1+ day, 1+ hour ago  (1792+ words) Cows for sale at Kara market on a sunny afternoon on May 13, 2026, in Isheri, a border town nestled between Lagos and Ogun States, Olaide Alarape stood quietly beside the butchers" section of the Kara market, mentally calculating how far the…...

Google News
punchng. com > inflation-hits-15-69-as-food-transport-costs-surge

Nigeria's Inflation Rate Hits 15. 69% on Rising Costs

1+ day, 22+ hour ago  (964+ words) Nigeria's headline inflation rate rose to 15. 69 per cent in April 2026, from 15. 38 per cent recorded in March 2026, as the surge in food, transport, hospitality, and healthcare costs pushed up consumer prices nationwide. The National Bureau of Statistics disclosed this in its…...

Google News
punchng. com > economic-reforms-painful-but-necessary-for-nigerias-growth-minister

Nigeria's economic reforms are painful but necessary for gro

2+ day, 15+ hour ago  (503+ words) FILE: Minister of Solid Minerals Development, Dele Alake. The Minister of Solid Minerals Development, Dele Alake, says the current economic difficulties in Nigeria are painful but part of the necessary transition toward building a resilient and sustainable economy. Alake stated…...

Punch Newspapers
punchng. com > kwara-moves-to-cut-nigerias-dairy-imports

Kwara moves to cut Nigeria's dairy imports

2+ day, 23+ hour ago  (966+ words) The Kwara State Government has unveiled an ambitious livestock industrialisation agenda aimed at transforming Nigeria's animal production sector into a projected $70bn economy, reducing the country's heavy dependence on imported dairy products valued at over $1. 5bn annually. The Commissioner for Livestock Development,…...

Punch Newspapers
punchng. com > illicit-mining-drains-nigerias-mineral-wealth-neiti-warns

Illicit mining drains Nigeria's mineral wealth, NEITI warns

3+ day, 1+ hour ago  (545+ words) The Nigeria Extractive Industries Transparency Initiative has warned that illicit mining activities, weak regulatory oversight, and criminal infiltration of mining communities are draining Nigeria's mineral wealth and undermining efforts to diversify the economy. The warning was contained in a press…...

Punch Newspapers
punchng. com > inflation-projected-to-rise-for-second-month-to-15-95

Inflation projected to rise for second month to 15. 95%

3+ day, 2+ hour ago  (405+ words) Nigeria's cooling inflation era has hit a significant geopolitical roadblock. After nearly a year of steady decline, headline inflation is projected to climb for the second consecutive month, reaching 15. 95 per cent in April 2026. According to the Coronation Inflation Outlook released…...

Punch Newspapers
punchng. com > illicit-mining-draining-nigerias-mineral-wealth-neiti-warns

Illicit mining draining Nigeria's mineral wealth, NEITI warns

3+ day, 11+ hour ago  (544+ words) The Nigeria Extractive Industries Transparency Initiative has warned that illicit mining activities, weak regulatory oversight, and criminal infiltration of mining communities are draining Nigeria's mineral wealth and undermining efforts to diversify the economy. The warning was contained in a press…...

Punch Newspapers
punchng. com > cargo-traffic-rises-as-port-reforms-gain-momentum

Cargo traffic rises as port reforms gain momentum

4+ day, 1+ hour ago  (1364+ words) Driven by ongoing reforms, infrastructure upgrades, and rising exports, Nigeria's maritime sector recorded stronger cargo traffic in Q1 2026, reinforcing ambitions for regional trade leadership, ARINZE NWAFOR writes The maritime sector recorded strong growth in the first quarter of 2026 as the Nigerian…...