Business

CBN Holds at 26.5%, rates remain unchanged as food inflation hits 17.52%. Banking index jumps 9.30%, led by First HoldCo’s 38.7% surge. BUA Cement drops 9.99%, dragging down industrial stocks. Wall Street gains on trading; consumer credit reports...

The Federal Government launched the C.L.I.C.K.D. programme (Credit for Laptops, Internet, Connectivity and Knowledge Digital Devices Programme) to give Nigerians credit-based access to work tools. Unveiled in Abuja by Communications Minister Dr. Bosun Tijani alongside CREDICORP Managing Director...

NNPCL's audited 2024 financial statements have sparked fresh scrutiny after revealing N7.13tn in energy security spending. The ADC and former Vice President Atiku Abubakar have questioned the spending, arguing that the figures raise fresh concerns over transparency. Energy...

The House of Representatives has launched an investigation into the human and economic losses suffered by Nigerians in repeated xenophobic attacks in South Africa Lawmakers also urged stronger diplomatic engagement to safeguard Nigerians in South Africa amid renewed...

PEBEC says reforms have shifted from policy design to execution, with faster approvals, regulatory reforms and digital government services now taking centre stage. New initiatives, including ReportGov, port reforms and regulatory impact assessments, are aimed at reducing business...

The Central Bank of Nigeria says its decision to revoke the licences of 46 microfinance banks was aimed at protecting depositors and strengthening regulatory compliance across the financial sector. Governor Olayemi Cardoso also assured customers those banks yet...

The Central Bank of Nigeria retained its benchmark interest rate at 26.5%, signalling that the battle against inflation is not yet over despite signs of easing price pressures. Governor Olayemi Cardoso said the MPC remains focused on preserving...

NGX gained ₦307 billion as market capitalisation rose to ₦159.119 trillion, while the All-Share Index advanced 0.19 percent to 246,659.56 points on sustained buying interest. Market breadth remained positive with 34 gainers against 22 losers, as investors accumulated...

Nigeria’s airtime credit market is worth hundreds of billions of naira, with millions of users depending on “borrow airtime” services when they run out of credit. A Federal High Court ruling has now clarified who regulates what in...

CSCS has declared its first-ever interim dividend of ₦1 per share after delivering a record first-half financial performance The capital market infrastructure company reported a 115 percent increase in profit before tax to ₦13.21 billion, driven by stronger...