NewsDeskNg, Author at News Desk Nigeria

CBN Cuts Interest Rate To 26.5%, Lowest Since May 2024

NewsDeskNgFeb 24, 2026February 24, 20260

CBN has reduced the benchmark interest rate from 27% to 26.5%, the lowest since May 2024. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the country’s benchmark interest rate from 27 percent to 26.5 percent, signaling a shift in monetary stance amid evolving economic...

Flights Resume As FAAN Reopens Lagos Airspace, Activates Remote Tower After Terminal Fire Containment

NewsDeskNgFeb 24, 2026February 24, 20260

FAAN restores Lagos airport operations, deploying remote tower after MMIA Terminal 1 fire was contained. The Federal Airports Authority of Nigeria (FAAN) has reopened Lagos airspace following a brief closure due to a fire at Terminal 1 of Murtala Muhammed International Airport. Henry Agbebire, FAAN’s director of public affairs, confirmed...

NNPC Set To Begin Export Of New Crude Grade In March

NewsDeskNgFeb 24, 2026February 24, 20260

NNPC plans to export new Cawthorne crude in March, boosting Nigeria’s output recovery and market competitiveness. Nigeria’s state oil firm, Nigerian National Petroleum Company (NNPC), is set to begin exporting a new light, sweet crude grade known as Cawthorne from March, in a move aimed at strengthening output and consolidating...

Bayelsa House of Assembly Approves Peter Akpe As Deputy Governor

NewsDeskNgFeb 24, 2026February 24, 20260

Bayelsa State House of Assembly has confirmed Peter Akpe as deputy governor succeeding the late Lawrence Ewhrudjakpo. The Bayelsa State House of Assembly has approved the appointment of Peter Akpe as the new deputy governor of Bayelsa State, clearing the way for his swearing-in. Akpe, an ordained pastor of the...

Tinubu Removes Egbetokun, Appoints Tunji Disu As New Inspector-General Of Police

NewsDeskNgFeb 24, 2026February 24, 20260

President Tinubu has appointed Tunji Disu as Nigeria’s new Inspector-General of Police, replacing Kayode Egbetokun. Kayode Egbetokun has been replaced as Nigeria’s Inspector-General of Police, with Assistant Inspector-General Tunji Disu taking over the top position, a presidency source confirmed to ARISE News on Tuesday. The source confirmed the development, stating...

Tinubu Declares Nigeria Out Of Economic And Security Crisis At Interfaith Iftar With Governors

NewsDeskNgFeb 24, 2026February 24, 20260

Tinubu says Nigeria has exited crisis, promises state police, urges unity as governors praise inclusive leadership. President Bola Tinubu, last night, held an interfaith breaking of fast with governors across political divides, with a declaration that Nigeria was out of the woods, although the best was yet to come. Tinubu...

Tinubu Backs Lagos International Financial Centre, Sanwo-Olu Reveals At UK Investment Forum

NewsDeskNgFeb 24, 2026February 24, 20260

Sanwo-Olu says Tinubu supports Lagos International Financial Centre initiative to position Nigeria as global financial hub. Lagos State Governor, Mr. Babajide Sanwo-Olu, has disclosed that President Bola Tinubu was excited about the establishment of the proposed Lagos International Financial Centre (LIFC). A statement signed by Gboyega Akosile, who is Sanwo-Olu’s...

Gencos Blame Regulatory Distortions, N6.2tn Debt For Nigeria’s 25.8% Power Capacity Utilisation

NewsDeskNgFeb 24, 2026February 24, 20260

Gencos cite regulatory risks, unpaid N6.2tn debt and weak PPAs for Nigeria’s persistent 4,000MW power generation. Nigeria’s power generation companies have attributed the country’s persistently low electricity output averaging about 4,000 megawatts from an installed capacity of 15,500MW, to deep-rooted regulatory distortions and operational constraints within the electricity market. The...

INEC Denies Migrating Voters In FCT Polls

NewsDeskNgFeb 24, 2026February 24, 20260

INEC says no voters were moved, clarifies split polling units created to ease congestion during FCT elections. INEC denied migrating voters to polling units different from their original polling units during the FCT elections. INEC Voter Education and Publicity (VEP) Acting Director, Wilfred Ifogah, in a statement, said what the...

Gunmen Kill 10 In Coordinated Night Attacks On Plateau Communities

NewsDeskNgFeb 24, 2026February 24, 20260

Ten residents are killed as gunmen launch coordinated night attacks on Plateau communities, injuring others and fleeing. Ten people are killed in coordinated Plateau attacks as gunmen raid villages, injure residents and trigger security response. Fresh violence has rocked Riyom Local Government Area of Plateau State following coordinated attacks on...