BUSINESS
CBN Maintains Monetary Policy Rate At 27.50% Amid Inflationary Pressures
The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at 27.50 percent, marking its second consecutive hold...
SEC Issues Warning On Ponzi Schemes, Urges Public Vigilance
The Securities and Exchange Commission (SEC) has reiterated its warning about the dangers of Ponzi schemes, emphasizing their destructive effects on investor confidence, financial...
FG Signs Agreements With 10 Companies To Enhance National Gas Supply
The Federal Government on Thursday signed a series of investment agreements with ten companies to develop gas processing plants and other gas supply infrastructure...
Nigerian Stock Market Records Significant Dip In Trading Activity
Stock market investors traded 3.214 billion shares worth N76.348 billion in 64,156 transactions on the floor of the Exchange during the week. This compares to...
Nigeria’s Liquidity Surges As Money Supply Hits ₦118.99 trn
Nigeria’s money supply (M2) fell slightly to ₦118.99 trillion in May 2025, representing a 0.23% month-on-month (MoM) decline from ₦119.27 trillion recorded in April....
Marketers Protest As Dangote Set To Reduce Gas Price
President of the Dangote Group, Alhaji Aliko Dangote, has announced plans to reduce the price of Liquefied Petroleum Gas (cooking gas). He also promised...
Nigeria’s Textile Imports Rise By 298% To N726bn Over Five Years
The importation of textile products into Nigeria has soared by an astonishing 297.8% over the past five years, rising from ₦182.53 billion in 2020...
MAN, RMRDC Call For Tech-Driven Solutions To Strengthen Local Manufacturing
The upcoming 2025 Nigeria Manufacturing and Equipment (NME) Expo, held alongside the Nigerian Raw Materials (NIRAM) Expo, will spotlight the adoption of indigenous technology...
Nigeria’s Economy Expands By 3.13% In First Quarter Of 2025
The National Bureau of Statistics (NBS) yesterday announced that Nigeria’s economy grew by 3.13 percent in the first quarter of 2025, following the rebasing...
CBN Retains Interest Rate At 27.5%
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has voted to retain the Monetary Policy Rate (MPR) at 27.50 percent. The decision was...
