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Petrol: 6 depots slash prices as competition heightens in downstream sector
The Nigerian Upstream Petroleum Regulatory Commission says PE Energy Limited’s report will boost revenue generation. The body made this observation...
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Market capitalisation hits N70.89tr as 36 stocks close in green
The Nigerian stock market sustained its upward momentum on Tuesday, gaining N259 billion as investor buying interest strengthened across key...
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Sixteen years after meltdown, NGX market cap surges by 347.5%
Sixteen years after the 2008 global financial crisis that triggered a major downturn in Nigeria’s capital market, the Nigerian Exchange...
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FG’s gas-powered vehicle scheme runs into major hitch nationwide
There are indications that the Federal Government’s (FG) scheme, designed to transition Nigeria’s vehicle transportation service industry away from fossil...
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Nigeria’s money supply rises 4% to N119.1trn
Supply (M2) increased by 4.2 percent month-on-month, MoM, to N119.1 trillion in April 2025 from N114.2 trillion in March 2025....
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We are ending era of wasteful, opaque tax waivers, says Tinubu
President Bola Tinubu says his administration is ending the era of wasteful and opaque waivers. Tinubu spoke at the second...
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CBN introduces financial instruments to deepen non-interest banking sector
The Central Bank of Nigeria, CBN, has introduced three non-interest financial instruments with the aim of deepening the non- interest...
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EFCC intervenes as hackers steal billions from six Nigerian banks
The Economic and Financial Crimes Commission (EFCC) has said it is currently working on helping six Nigerian banks recover billions...
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NGX ends four weeks rally as investors lose N202 billion
The Nigerian Exchange Limited (NGX) reversed four consecutive weeks of a bullish trend, as investors’ wealth declined by N202 billion...
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Dangote slashes petrol price again amid import glut
The Dangote Petroleum Refinery has announced a fresh reduction in the pump prices of Premium Motor Spirit (petrol) across the...
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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,...
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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...
Read moreNaira-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...
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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...
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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...
Read moreHome » 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...
Read moreCBN 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...
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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...
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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...
Read moreWorry for Federal Government, states as oil prices drop to $60
Crude oil prices have fallen below $60 per barrel, raising concerns about the federal and state governments’ ability to fund...
Read moreElectricity: Nigerian govt pledges to offset N4 trillion debt to GenCos
The federal government has pledged to address the N4 trillion debt owed to Power Generation Companies (GenCos) in the country....
Read moreNGX loses N116bn as market cap dips
The Nigerian Exchange Limited closed Tuesday’s trading session in the red, as investors booked profits on key tickers including MTN...
Read moreNon-oil export records 24.7% surge, hits $1.7bn
The Nigerian Export Promotion Council disclosed on Monday that Nigeria’s non-oil export sector recorded significant growth in the first quarter...
Read moreNGX gains N966bn in holiday-shortened week
The Nigerian Exchange Limited gained N966bn in market capitalisation, buoyed by improved investor sentiment and positive movements in key banking...
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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...
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