The Asset Management Corporation of Nigeria (AMCON) has introduced a fresh strategy aimed at recovering more than ₦4 trillion in outstanding debts owed by various obligors across Nigeria. This new …
Economy
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesNigeria
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Banking, Finance & InvestmentBusinessEconomyFinance & ServicesGOVERNMENTNewsNigeria
CIBN Says Nigerian Banks Are Safe and Stable, Urges Public to Ignore Rumours
The Chartered Institute of Bankers of Nigeria (CIBN) has assured Nigerians that the country’s banking sector is strong, stable, and not in danger. This reassurance came after some media reports …
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BusinessDevelopmentEconomyFinance & ServicesGOVERNMENTINVESTMENTMarketsNigeriaPolicies
Finance Minister Wale Edun Says Capital Market Key to $1 Trillion Nigerian Economy
The Minister of Finance, Mr. Wale Edun, has said Nigeria’s capital market will play a major role in helping the country achieve its goal of becoming a one-trillion-dollar economy. Edun …
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AfricaBanking, Finance & InvestmentBusinessBusiness InsightsDevelopmentEconomyEntrepreneurshipFinance & ServicesInternational RelationsMarketsNigeriaTrade and Commerce
Fidelity Bank, SMEDAN Join Hands to Boost Small Business Growth Across Africa
Fidelity Bank Plc has entered into a strategic partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to support the growth of Micro, Small, and Medium Enterprises …
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BusinessBusiness InsightsEconomyEnergyGOVERNMENTInfrastructureNigeria
Poor Electricity Supply Forces Small Business Owners in Abuja to Shut Down
Small business owners in various parts of the Federal Capital Territory (FCT), including Kubwa, Kuje, Gwagwalada, and Aco Estate, are crying out over poor electricity supply, saying it is killing …
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Banking, Finance & InvestmentDevelopmentEconomyEntrepreneurshipFinance & ServicesNigeriaSpotlight
UBA Wins Big at 2025 DBN Awards, Honoured for Supporting Small Businesses Across Nigeria
United Bank for Africa Plc (UBA) has again been recognised for its strong support for small businesses in Nigeria. The bank won four top awards at the 2025 Development Bank …
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EconomyFinance & ServicesFood ProductionGOVERNMENTPoliciesSouth Africa
South Africa’s Inflation Rises Slightly in April Amid Food Price Pressure and Speculation Over New Target
Inflation in South Africa rose slightly in April 2025 due to higher food prices, although it remained below the central bank’s official target range. This is according to new data …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTPolicies
CBN Keeps Interest Rate at 27.5% as Business Leaders Push for Reduction Amid Economic Concerns
The Central Bank of Nigeria (CBN) has decided to maintain the Monetary Policy Rate (MPR), also known as the interest rate, at 27.50 per cent. This announcement was made by …
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BusinessEconomyFinance & ServicesGOVERNMENTINVESTMENTNigeriaSouth AfricaWestern Africa
Odu’a Investment Declares N518m Dividend as Revenue, Income Soar Despite Economic Pressure
Odu’a Investment Company Limited has declared a dividend of N518 million for the 2024 financial year, marking a 21 per cent increase from the N428 million disbursed to shareholders in …
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BusinessDevelopmentEconomyELECTRICITYEnergyFinance & ServicesGOVERNMENTInfrastructurePolitics
Senate Raises Alarm as FG Owes Power Firms N800bn, Sector Faces Major Crisis
The Nigerian Senate Committee on Power has cried out over the growing financial crisis facing the country’s power sector, revealing that the Federal Government currently owes electricity generating companies (GenCos) …