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Pix of the Day, 05 March 2026

There are fears of prolonged disruption to global trade as shipping companies suspend operations through the Strait of Hormuz.

Ivory Coast, the world's leading cocoa producer, on Wednesday cut the price paid to its growers by nearly 60 percent, the government said, to try to address a sales slump affecting the sector.

Nairobi has long been one of Africa's most important banking centres. It has established itself as a financial services hub surpassing even Kenya's economic importance within East Africa. It is now becoming clear that Kenyan banks, specifically, are performing even better than banks headquartered in other countries that operate in Kenya. Report by Neil Ford.

There have been reports that the defence force has massed troops and equipment at multiple locations along the regional border.

…as currency outside bank drops 3% •Credit to govt, private sector shrinks  By Elizabeth Adegbesan Nigeria’s money supply (M²) fell by 0.8 percent month-on-month (MoM) to N123.4 trillion in January 2025 from N124.4 trillion in December 2025, indicating low liquidity in the banking system despite a decline in interest rate. Central Bank of Nigeria (CBN) Open Market […] The post Nigeria’s money supply drops slightly to N123trn appeared first on Vanguard News.

By Babajide Komolafe The Bank Directors Association of Nigeria (BDAN) has appointed Dr. Oluwayemisi Olorunshola as Chairman of its Board of Directors, following the retirement of Mr. Mustafa Chike-Obi after completing his tenure. BDAN disclosed in a statement that Dr. Olorunshola currently serves as Chairman of the Board of Wema Bank Plc and brings over 25 […] The post BDAN appoints Olorunshola Chairman Board of Directors appeared first on Vanguard News.

By Rosemary Iwunze The total pension fund assets, under the Contributory Pension Scheme, CPS, maintained its steady rise in January, increasing by 1.9 per cent Month-on-Month, MoM, to N28.04 trillion from N27.5 trillion recorded in December, 2025. According to unaudited report of pension funds industry portfolio for the period ended 31 January 2026, Retirement Savings Account, […] The post Total pension funds assets rise by 1.9% appeared first on Vanguard News.

At the backdrop of the on-going crises in the Middle-east, the ex-depot price of Liquefied Petroleum Gas (LPG), also known as cooking gas, has increased by 13 per cent week-on-week to N18 million per 20 metric tones (MT), up from N15.95 million recorded last week. The post Middle East crisis: Cooking gas surges 40% to N1400 per kg appeared first on Vanguard News.

In the past, MPs voted for the president while clan heads and elders elected lawmakers.