Economy

CBN Data Localisation Deadline Puts Bank Cloud Spending Under Pressure Nigeria’s cloud infrastructure has the capacity to support banks as they move payment data and other workloads to local infrastructure …

Nigeria’s ₦500,000 Wage Demand Highlights Rising Cost of Living Nigeria’s organised labour movement is pushing for a new minimum wage of ₦500,000 per month as rising living costs continue to …

Banks’ deposits with the Central Bank of Nigeria (CBN), known as the Standing Deposit Facility (SDF), rose to a seven-month high of ₦7.33 trillion a day after the apex bank …

The Central Bank of Nigeria (CBN) has reduced its Monetary Policy Rate (MPR) by 350 basis points, bringing it down to 23 percent from 26.5 percent. The significant rate cut …

The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to regulate the participation of foreign nationals in Nigeria’s retail sector amid concerns over the growing involvement of …

c The reductions were recorded across several major markets on Tuesday amid a decline in international crude oil prices. Diesel prices also recorded sharper decreases, falling by as much as …

Financial inclusion in Nigeria has increased to 79 per cent, with about 94.2 million adults now using at least one financial product or service, according to the latest Access to …

The Central Bank of Nigeria (CBN) has reduced its benchmark interest rate by 350 basis points, cutting the Monetary Policy Rate (MPR) from 26.5 per cent to 23 per cent …

Oliver Alawuba, Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA) Plc, has called for stronger trade and investment relations between Nigeria and Brazil, identifying agriculture, …

Nigeria’s Monetary Policy Committee (MPC) has reduced the Monetary Policy Rate (MPR) from 26.5 percent to 23 percent, delivering a 350-basis-point cut as inflation continues to moderate. The decision represents …