Nigeria’s rate cut made holding cash less rewarding just as rising US bond yields made dollar assets more competitive. For investors opening their screens this Monday, those competing forces deserve attention alongside the stock-market rally.
President Bola Tinubu’s return to Nigeria has suffered a last-minute twist, with his planned return to the country now delayed, according to sources in the Presidency.
The latest controversy centres on N107 trillion in receivables and N103 trillion in payables or accrued expenses in NNPC Ltd.’s audited financial statements for the 2023 financial year.
The conduct of a free and fair election in Nigeria's democratization process dominated discussions at the just-concluded 22nd All Nigeria Editors Congress held in Enugu.
The average maximum lending rate in the banking sector fell to 29.19 percent in August from 33.16 percent in July, according to Central Bank of Nigeria (CBN) data.
The death of 37 illegal miners in cloudy circumstances in Niger State has once again exposed the incompetence and poor conduct of relevant authorities in the execution of their briefs.
The White House has excluded CNN from the press pool travelling with President Donald Trump to Tennessee on Saturday, replacing the network with conservative outlet Real America’s Voice News.
The Federal Government has evacuated another 105 distressed Nigerians from South Africa, raising the number of Nigerians brought home since the commencement of the exercise in June to 1,821, amid continued concerns over xenophobic and Afrophobic attacks in the country.
The Manufacturers Association of Nigeria (MAN) welcomed the CBN Monetary Policy Committee’s decision to cut the Monetary Policy Rate (MPR) by 350 basis points to 23 percent from 26.5 percent, but said the key issue for businesses was the cost of actual bank loans.
