Nigeria’s headline inflation rate fell to 15.39 per cent in August 2026, as the pace of increase in food and other consumer prices moderated, according to the National Bureau of Statistics (NBS). Despite the decline in the annual inflation rate, the Consumer Price Index (CPI), which measures changes in the prices of goods and services…
The Central Bank of Nigeria (CBN) has sanctioned several financial institutions with fines totaling ₦430 million for failing to address customer complaints promptly and for disregarding regulatory directives. The move highlights the regulator’s growing commitment to protecting consumers and improving service standards across the banking industry.Details contained in the CBN’s 2025 Annual Report revealed that…
Africa’s richest man, Aliko Dangote, plans to dedicate one-third of his wealth to philanthropic causes as part of a long-term succession plan, his daughter, Halima Dangote, has revealed. Halima, who is a trustee of the Aliko Dangote Foundation, disclosed the plan in an interview with Bloomberg, stating that the billionaire has secured the support of…
