Economy
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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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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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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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...
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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...
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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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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...
Read moreFederation 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...
Read moreNigeria’s Oil Output Rises 8% in Q1, Despite Sinking to Five-month Low in March
Nigeria’s crude oil production grew by 8.13 per cent in the first quarter of 2025, despite the sharp fall in...
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Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence
Nigeria’s foreign exchange (FX) market is once again facing renewed volatility as global economic uncertainties, driven by slumping oil prices and...
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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...
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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...
Read moreCrude 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...
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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...
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