Rwanda’s Finance Minister, Yusuf Murangwa, has told the nation’s parliament that the country’s economy will grow at a slower pace in 2025 compared to last year. Presenting a draft budget …
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Manufacturers Count N1.91bn FX Loss in Q1 2025 Amid Currency Volatility
Nigeria’s manufacturing sector continues to feel the pinch of unstable foreign exchange rates, as top firms recorded a combined N1.91 billion forex loss in the first quarter of 2025. This …
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Gencos Urge President Tinubu to Fast-Track Meeting on N4.7tn Power Sector Debt
Electricity generation companies (Gencos) in Nigeria are calling on President Bola Ahmed Tinubu to urgently fix a date for the long-awaited meeting over the rising debt crisis in the power …
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Investors Watch DMO’s ₦550bn Treasury Bills Auction as Market Eyes Interest Rate Direction
Many investors are paying close attention to the Treasury Bills auction being held today, Tuesday, May 7, 2025, as the Debt Management Office (DMO) offers ₦550 billion worth of T-bills …
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NECA Backs FG’s Buy Made-in-Nigeria Policy, Calls for Strict Implementation
The Nigeria Employers’ Consultative Association (NECA) has expressed strong support for the Federal Government’s new Buy Made-in-Nigeria Procurement Policy, describing it as a timely move to drive industrial growth and …
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Seplat Energy to Boost Gas Supply to Nigeria LNG by 12% Amid Pipeline Challenges
igeria LNG Limited is set to receive a major boost in gas supply as Seplat Energy has entered into a new preliminary agreement to supply over 150,000 tons of gas …
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Nigeria Leads Africa’s Renewable Energy Push, Says House Speaker Abbas
The Speaker of the House of Representatives, Hon. Tajudeen Abbas, has said that Nigeria is playing a major role in the effort to provide electricity to 300 million Africans by …
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CBK Warns Kenyan Banks to Cut Lending Rates or Face Heavy Fines
The Central Bank of Kenya (CBK) has warned commercial banks in the country to reduce their lending rates or risk facing serious financial penalties. The warning came from CBK Governor …
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Wema Bank Grows Profit by 270%, Posts N35.8bn in Q1 2025 Amid Strong Interest Income and Cost Control
Wema Bank Plc has reported a strong profit performance in the first quarter of 2025, with profit after tax jumping by 270 per cent to N35.8 billion. This figure is …
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Kenyan Banks Increase Secured Interbank Borrowing to KSh69.6 Billion in April 2025
Kenyan banks are now relying more on secured borrowing to manage their short-term funding needs, as the value of secured interbank lending doubled in just one month. According to official …