Economy

Budgetary allocation must focus on effective execution – Okonjo-Iweala

Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, has urged Nigeria to shift its focus from budget allocations to effective execution and maintenance of...

Non-oil exports drive autonomous FX inflows to $71bn

Higher earnings from non-oil exports helped push foreign exchange inflows from autonomous sources to $70.54bn in 2025, reinforcing the growing role of non-oil sectors...

FG, AfDB seek greater African control of critical minerals

The Federal Government and the African Development Bank have called for stronger African control over the continent’s vast mineral resources, saying Africa must stop...

Govt renews commitment to IMF-backed economic reforms

The Federal Government has reaffirmed its commitment to sustaining its partnership with the International Monetary Fund as it pursues ongoing fiscal and macroeconomic reforms...

Coronation names Ohiwerei CEO after CBN regulatory approval

Coronation Merchant Bank has appointed Obeahon Ohiwerei as its Managing Director and Chief Executive Officer following the receipt of the Central Bank of Nigeria’s...

Finance minister charts course for $1tn economy

Coordinating Minister of the Economy and Minister of Finance, Taiwo Oyedele, said Nigeria has moved beyond the phase of restoring macroeconomic stability and must...

Nigeria’s reserves hit $52bn, inflation drops to 15.9%

The Central Bank of Nigeria has reported a landmark recovery in the nation’s financial buffers, with gross foreign reserves surging to $51.89bn, nearly reaching...

Tinubu unveils $3.05bn W’Bank-funded anti-poverty programmes

President Bola Tinubu on Thursday unveiled about $3.05bn in World Bank-funded programmes aimed at reducing poverty, strengthening healthcare and education, and improving the livelihoods...

Banks slash lending, cut N5.4trn across key sectors

Deposit Money  Banks (DMBs) slashed lending to oil and gas, information and communication technology (ICT) and six other key sectors of the  economy by N5.45 trillion...

Economy exits contraction but households remain pessimistic — CBN

Nigeria’s economy exited contraction in June as the Purchasing Managers’ Index, PMI, rebounded to 50.1 points from 49.6 points in May, driven by sustained...

Chams HoldCo grows revenue 18%, declares N270m dividend

Chams Holding Company Plc recorded an 18 per cent increase in revenue to N17.65bn for the financial year ended 31 December 2025, declared a...

S&P 500 decline no threat to bull run – FNB analyst

The S&P 500 remains firmly locked in a long-term uptrend despite a slight softening in global investor sentiment, according to a technical market brief...

The S&P 500 remains firmly locked in a long-term uptrend despite a slight softening in global investor sentiment, according to a technical market brief...

Zenith Bank Offering Lifeline, Support for Women in Benue IDP Camps

In the face of displacement and hardship, Zenith Bank Plc is restoring hope and dignity to vulnerable women and girls in Benue State through...

Access Holdings, Coronation Group Celebrate Enduring Legacy of Nigerian Modernism

Access Holdings Plc and Coronation Group hosted a private reception in London, to celebrate the enduring legacy of Nigerian Modernism, one of the most...

W’Bank approves $1.25bn Nigeria loan despite debt concerns

The World Bank has approved a $1.25bn loan for Nigeria under its Nigeria Actions for Investment and Jobs Acceleration programme, despite recent public backlash...

CBN issues fresh guidance on troubled banks’ contract suspensions

The Central Bank of Nigeria has issued interpretative guidance clarifying the practical application of Sections 34(2)(b) and 40(2) of the Banks and Other Financial...

Access Bank moves to ease vehicle ownership

Access Bank Plc has launched a major vehicle financing initiative, dubbed AutoFest, aimed at making car ownership more accessible to Nigerians amid rising vehicle...

Jaiz Bank plans collateral-free loans for SMEs

Jaiz Bank Plc has said it is awaiting the approval of the Central Bank of Nigeria to roll out new financing products that will...

CBN orders banks to freeze six terror suspects’ accounts

The Central Bank of Nigeria has directed banks and other financial institutions to immediately freeze the accounts and assets of individuals and companies designated...

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