CBN Retains Interest Rate At 27% As 16 Banks Meet Recapitalisation Thresholds
CBN keeps benchmark interest rate at 27 per cent, citing inflation concerns, banking resilience, Naira stability and macroeconomic progress.
CBN keeps benchmark interest rate at 27 per cent, citing inflation concerns, banking resilience, Naira stability and macroeconomic progress.
NNPC has reported a N5.4 trillion profit for 2024 on N45.1 trillion revenue, driven by efficiency and reforms
Daily Mail owner DMGT strikes $650 million deal to buy The Telegraph, forming one of Britain’s largest right-leaning media groups.
Zenith Bank rewards ten innovators with ₦140 million and unveils major youth focused technology initiatives at its annual tech fair.
Federal High Court warns First Bank, Access Bank, and Zenith Bank MDs they could face jail for defying NestOil $1bn court order.
Renaissance Energy deepens ties with UI as Attah pushes energy-poverty eradication and inaugurates major community and youth projects.
UAE has launched a $1 billion initiative to expand AI infrastructure across Africa, supporting education, healthcare, and climate-focused goals.
Walmart has opened its first South African store in Roodepoort, drawing large crowds with low prices and global products
NestOil says police defaced its Lagos office and caused severe reputational harm while delaying major crude shipments.
Nasarawa’s $400m rare earth plant will boost jobs, industrial growth and position Nigeria as a key global minerals supplier.
Kevin Okyere’s Springfield is in talks to transfer its prized deepwater offshore asset, WCTP2, to the Government of Ghana.
Nigeria’s federal government has collected N26 billion so far in 2025 from mining licenses; Nasarawa rare earth plant set to create 10,000 jobs.
Oil prices fell sharply as US peace proposals for Russia-Ukraine and oversupply concerns triggered market declines.
LCCI hails Nigeria’s easing inflation after seven months of slowdown but warns persistent food price pressures could reverse gains.
Federal government says estimated billing will end in there to five years as massive metering investments aim to boost power sector liquidity.
Minister Jumoke Oduwole has reaffirmed FG’s commitment to empower women-led businesses and strengthen UK-Nigeria trade and market access.
TotalEnergies has expressed interest in Nigeria’s upcoming licensing round, building on its success in securing two oil blocks in 2024.
Cardoso has credited stable FX, easing inflation and rising reserves with restoring investor confidence and positioning Nigeria for sustained growth.
NEFGAD asks President Tinubu to sack NSIB DG Alex Badeh Jr., citing credibility concerns over the Air Peace toxicology controversy.
Nigeria’s October inflation drops, driven by slower food and commodity price increases, signalling improving macroeconomic stability.
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