Business New

In light of renewed demonstrations from contractors, the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, noted that payments have been authorized for over 1,240 contractors.

He outlined that the organization had interacted with representatives from the Ministry of Finance and the Office of the Accountant General, where they learned that approximately N40 billion would be allocated to beneficiaries at the outset.

Temi Popoola, the Group Managing Director/CEO of the Nigerian Exchange Group (NGX Group), has called on the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to prioritize the advancement of the capital market as a vital macroeconomic factor. He contended that the efficiency of monetary policy increasingly rests on the depth, liquidity, and integrity of Nigeria’s financial markets.

Although the National Bureau of Statistics, NBS, has reported a decrease in the inflation rate, the financial strain related to food for Nigerian families may have worsened, with the national average Cost of a Healthy Diet (CoHD) rising to N1,541 per adult daily in March 2026, marking an increase of approximately 4.4 percent from N1,477 in March 2025.

The President of the European Central Bank, Christine Lagarde, emphasized the importance for central banks worldwide to uphold their autonomy in the face of escalating political and economic challenges.

The Nigerian Maritime Law Association, known as NMLA, has advocated for a strong legal and regulatory structure to facilitate the effective execution of the National Single Window project in Nigeria.