Naira appreciates to N1,615/$ in parallel market
The naira yesterday appreciated to N1, 615 per dollar in the parallel market from N1,620 per dollar on Tuesday. Similarly,...
MPC seeks fiscal support on naira stability, retains interest rate at 27.5%
New fiscal policies to boost local production, reduce foreign currency demand pressures and lessen the pass-through effect on prices received...
Naira-for-crude deal caused reduced petrol prices – Dangote
The Dangote Petroleum Refinery has said that the naira-for-crude deal allowed it to reduce the price of petrol, which translates...
Amid Improved Loan Quality, Banks’ Average Non-Performing Loans Increase to N2.59trn
On the back of improvement in loan quality, the average Non-Performing Loans (NPLs) of eight Deposit Money Banks (DMBs), increased...
Market rallies, gains N613 billion in one week ahead of MPC meeting
The rising confidence in the economy, coupled with strong 2025 Q1 corporate and easing inflation, continued to spur strong positive...
Home » News » High interest rate affecting manufacturing sector, SMEs — Reps to CBN Business May 19, 2025 High interest rate affecting manufacturing sector, SMEs — Reps to CBN
As the Central Bank of Nigeria (CBN) prepares to hold its 300th monetary policy committee (MPC) meeting this week, the House...
Stock market: Foreign investment outflow rises to 250.86% to N420.37bn in Q1’25
Foreign investment outflow from the nation’s stock market (NGXchange) rose by 250.86 percent, Quarter-on-Quarter, QoQ, to N420.37 billion in the...
CBN policies may lower inflation to 22.1% – W’Bank
The World Bank has projected that Nigeria’s inflation rate will average 22.1 per cent in 2025, attributing the anticipated decline...
CBN raises T-bills auction offer to N550bn – Report
The Central Bank of Nigeria raised its total Treasury Bills Primary Market Auction offer to N550bn, up from N400bn in...
Grid collapses, N4tr debt stall Nigeria’s transition to competitive market
Nigeria’s ambition to transition its electricity sector into a fully competitive bilateral market is faltering as systemic weaknesses, including an...
World Bank sees poverty rising in Nigeria despite economic growth
The World Bank has predicted that Nigeria may likely see a rise in the levels of poverty over the next...
Currency in circulation drops to N5tn – Report
The total amount of naira in circulation decreased to N5tn as of March 2025, marking a decline from N5.04tn recorded...
N800/litre petrol in sight as oil prices tumble
The drop in crude oil prices and the resumption of the naira-for-crude arrangement for local refiners may push the pump...
Federation Account allocation falls third straight month to N1.57tn
The Federation Account Allocation Committee has reported a further decline in monthly disbursements to the Federal Government, states, and local...
Nigeria’s Microfinance Banks in a Cashless Economy: Evolving for a Digital-First Future
The implementation of the Naira redesign and cashless policy in early 2023 did not come out of the blue for...
Passengers lament fare hikes amid fuel price cuts, CNG
Nigerians have continued to lament the sustained hike in transportation fares despite the reduction in fuel pump price and the...
Crude price crash: Petrol can drop below N400/litre — Refiners
Crude Oil Refinery Owners Association of Nigeria has said that the price of Premium Motor Spirit (petrol) can drop below...
NNPCL increases petrol price to N950/litre
After holding back at first, the Nigerian National Petroleum Company Limited has raised the price of petrol to N925 per...
Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%
A report by the Central Bank of Nigeria (CBN), has revealed that the nation’s banking sector maintained its resilience in the fourth...
NNPC revives long-delayed IPO, shops for advisers
The Nigerian National Petroleum Company Limited (NNPC Ltd.) is reviving plans for an Initial Public Offering (IPO), signalling a renewed...
Naira-for-crude: Petrol price hike looms as talks drag, imports rise
The pump prices of Premium Motor Spirit (petrol) may rise further in the coming days as the landing cost of...
Naira slides to N1,585/$ as CBN commits to FX stability
The rally the naira had enjoyed since the beginning of the year seems to have ended, perhaps in the short...
Dangote to Build 18m MTA Cement Plant in Itori, Largest Seaport at Olokola in Ogun State
President of Dangote Group, Alhaji Aliko Dangote, said by the time he was done with his cement plants across Ogun...
Global trade war: Naira value depreciates amid forex outflows
THE uncertainty caused by the ongoing tariff war between the United States and some countries have triggered the exit of...
Dangote refinery loses N32bn after petrol price cut
The Dangote oil refinery will lose up to N32.5bn from 500 million litres stock of premium motor spirit following the...
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