CBN Cuts Interest Rate to 23%
The Central Bank of Nigeria (CBN), yesterday, cut the Monetary Policy Rate (MPT) from 26.5 percent to 23 percent. The Governor of the bank, Mr....
22 Firms On NGX Face Debt Exposure Of N21.3trn
About 22 companies listed on the Nigerian Exchange Limited, NGX, are carrying varying levels of debt, totalling N21.3 trillion in the second quarter of...
Dangote Refinery IPO Is Not For You, By Dele Sobowale
Alhaji Aliko Dangote said he wants millions of Nigerians to share in the wealth which will be generated by the Dangote Refinery by buying...
Why 2026 Capital Budget May Not Be Implemented This Year
There are indications that the Federal Government’s (FG) capital budget for 2026 may record zero implementation at the end of the fiscal year, forcing...
Economic Crunch: Many Employers Now Prefer Commission-Based Salaries
A quiet but radical shift is reshaping Nigeria’s formal employment landscape. Trapped under the weight of soaring operational costs, high inflation and dwindling consumer purchasing...
Naira Depreciates To N1, 375/$ In Parallel Market
The Naira today depreciated to N1, 375 per dollar from N1, 370 in the parallel market on Wednesday. The naira also depreciated to N1, 331...
Cooking Gas Scarcity Hits Nigeria As Iran War Disrupts Supply
A supply crunch triggered by the Iran war has tested the resilience of emerging Liquefied Petroleum Gas (cooking gas) markets across sub-Saharan Africa, with Nigeria...
Headline Inflation Falls 3rd Consecutive Month To 15.39%
Headline inflation rate fell by 0.04 percent to 15.39 percent in August from 15.43 percent in July 2026, representing the third consecutive month decline...
Naira Appreciates To N1,380/$ In Parallel Market
The Naira yesterday appreciated to N1,380 per dollar from N1,390 in the parallel market on Monday. But the naira depreciated to N1,329.5 per dollar in...
Why Petrol Remains Expensive Despite Local Refining— Dangote
THE President of Dangote Group, Aliko Dangote, has said Nigerians were still paying high prices for petrol despite the commencement of large-scale domestic refining,...
