Five Banks Rake In N9.88tn Interest Income As High Rates Persist Despite CBN Policy Shift
Five major Nigerian banks record massive interest income surge despite CBN easing, driven by persistent high lending rates.
Five major Nigerian banks record massive interest income surge despite CBN easing, driven by persistent high lending rates.
CBN Governor says global shocks will not derail Nigeria’s inflation fight, MPC stance on rates remains data-driven.
Federal government restricts medicine and food imports, pushing local production while tightening foreign exchange management across critical sectors
Despite local refining, Nwuba says global-linked pricing structure is driving aviation cost crisis in Nigeria.
Soaring jet fuel costs spark calls to cut taxes and prevent fare hikes as airlines suspend shutdown after government intervention.
Crude prices tumble after Iran reopens key shipping route, but Trump maintains blockade, while markets rally and shippers remain cautious.
Nigerian airline operators suspend planned shutdown after minister’s intervention over jet fuel crisis, pending further talks with stakeholders.
Seres has joined BMW and Mercedes-Benz as an equal shareholder in a China-based fast-charging joint venture to expand electric vehicle infrastructure.
Aliko Dangote engages global finance leaders, promotes investment, and unveils Vision 2030 to drive Africa’s industrialisation.
Federal government inaugurates maritime institute at UNILAG, strengthening manpower, research and capacity for Nigeria’s expanding blue economy sector.
Chief Executive of Nigeria Solidarity Support Fund Chinye-Nwoko says expanding health insurance coverage protects informal sector and economic productivity.
Iyadunni Gbadebo says Eko Hotels’ Legacy Summit will prioritise youth training and African-led hospitality development across the continent.
Uwaleke says Nigeria’s fiscal crisis stems from poor revenue management, urging reforms to curb leakages and improve transparency.
PINL backs resumption of Ogoniland oil production, citing $226bn losses and calling for community inclusion and sustainability.
Ayooluwa Oladimeji highlights Nigeria’s massive SME funding gap, stressing liquidity as key to business expansion and economic growth.
New gas plant in Delta to supply 200mmscfd, boost LPG output, cut imports and support power, jobs and industrial growth.
Fitch affirms Nigeria’s ‘B’ rating, cites FX reforms, warns fiscal pressures, projects reserves drop and wider deficit in 2026.
Nigeria’s oil output increases by 69,000 bpd in March to 1.383m bpd, still below OPEC’s 1.5m bpd quota.
Dangote dominates petrol supply at 72.3%, as consumption falls to 47.3m litres daily and imports nearly double.
Seplat Energy hits N10,450, becoming first NGX stock above N10,000, driven by strong performance and FTSE Frontier Market reclassification.
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