May 15, 2026
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BUSINESS

BUSINESS

CBN Retains Interest Rate At 27.5%

Daily Dispatch
The Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) has unanimously decided to hold all the parameters. This was announced by the CBN Governor, Mr Olayemi Cardoso, on Thursday during a press briefing in Abuja. In this regard, that keeps the Monetary Policy Rate (MPR) at 27.50 percent, and retains the asymmetric corridor around […]
BUSINESS

NNPC free to import fuel if necessary – NMDPRA

Daily Dispatch
…..Says local refineries met 50 percent national consumption requirement in February The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Wednesday, stated that there is no law that prohibits Nigerian National Petroleum Company Limited (NNPCL) from importing when necessary. The NMDPRA, while saying that all the petroleum products imported
BUSINESS

UBA Group Donates $500,000 To AU Peace Fund

Daily Dispatch
Africa’s Global Bank, United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of $500,000 to the African Union (AU) Peace Fund. This donation by the UBA Group supports the AU’s efforts towards promoting security, conflict resolution, sustainable development, and a unified Africa, as envisioned in
BUSINESS

CBN orders bank Directors with bad loans to resign

Daily Dispatch
The Central Bank of Nigeria has ordered bank directors with non-performing insider-related loans to step down immediately. Insider loans refer to loans granted by a bank to its own executives, directors, employees, major shareholders, or related parties. The directive was issued in a circular signed by the Acting Director of Banking Supervision, Adetona Adedeji, on […]