News
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Prime Lending Rate Hit 13.67% in January
Amid severe macro economic challenges and increase in Monetary Policy Rate (MPR), commercial banks’ prime lending rate to most credit-worthy…
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INEC Collation Centre Adjourns To Monday As Tinubu Leads Atiku With 111,940 Votes
The National Collation Centre of the Independent National Electoral Commission (INEC) has adjourned to tomorrow Monday, February 27, 2023 by…
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Presidential Candidates and Nigeria’s Oil Sector
The challenges in the oil industry are a critical talking point for presidential candidates in today’s general election. Analysts believe…
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Nigeria Q4 GDP Growth Rate Stronger than Expected
The economy of Nigeria advanced by 3.52% from a year ago in the fourth quarter of 2022, accelerating from the…
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President Buhari Hails CACOVID for Donating 350 Security Vehicles
…says Coalition made him proud over Covid-19 response As the private sector-led Coalition Against Covid-19 (CACOVID) winds down, President Muhammadu…
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DMO Clarifies Usage of N2.13trn FGN Borrowing in the First Two Months of 2023
The attention of the Debt Management Office (DMO) has been drawn to a report which stated that the Federal Government…
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AfDB Group and Japan Sign Exchange of Notes for $350m Private Sector Assistance Loan to Finance Bank’s Private Sector Operations
The loan agreement, to the tune of JPY 44.1 million or $350 million, carries an interest rate of 0.11 %…
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Violent Protest Erupts over Naira Scarcity
Violent protesters on Monday torched several commercial bank branches in Sagamu town of Ogun State, over the scarcity of Naira.…
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Investors Already Bet Nigeria’s Next Leader Has No Chance of Fixing Fiscal Crisis
Chance of much-needed reforms after Feb. 25 vote seen remoteDebt service will cost more than the federal government earns Nigeria’s…
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CBN Clarifies Directive to Banks on Old N500 and N1000 Banknotes
The Central Bank of Nigeria ,CBN, has the rumoured directive on the collection of the N500 and N100 notes .…
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