The International Monetary Fund (IMF) will today, Tuesday, October 14, 2025, unveil its latest World Economic Outlook (WEO) report in Washington, D.C., during a hybrid press briefing as part of …
Nigeria
- DevelopmentEconomyFinanceGlobal NewsIMF ProgrammeInternational RelationsNigeriaPolicies
- BankingCapital MarketCorporate AffairsEconomyFinanceNigeriaRegulation
Big Banks in Nigeria Spend ₦442 Billion on AMCON Charges as Profits Fall
by Radarr Adminby Radarr AdminNigeria’s biggest commercial banks have spent a total of ₦442 billion on the Asset Management Corporation of Nigeria (AMCON) levy in the first half of 2025, representing a 34 percent …
- Consumer AffairsEconomyEnergyGovernment PolicyMarketsNigeriaOil & GasPetroleum
Ekpo Orders Clampdown on Cooking Gas Hoarders as Prices Double Nationwide
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has directed regulatory agencies to clamp down on marketers hoarding or exploiting consumers following the recent sharp rise in the …
- BusinessCapital MarketEconomyFinanceINVESTMENTNigeria
NGX extends rally as investors gain ₦786bn amid strong performance in Seplat
Investors in the Nigerian Exchange Limited (NGX) kicked off the week on a positive note as bullish trading on Monday lifted the market capitalisation by ₦786bn to close at ₦91.9tn, …
- BusinessDevelopmentEconomyLabourNigeriaPolicies
NESG warns Nigeria risks 30% unemployment if 27 million new jobs are not created by 2030
The Nigerian Economic Summit Group (NESG) has warned that Nigeria must generate at least 27 million new formal jobs within the next five years or face a surge in unemployment …
- BusinessEnergyGovernanceLabourNigeriaOil & Gas
PENGASSAN Strike Grounds NNPC, Regulators, Threatens Fuel Supply
The nationwide strike declared by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Monday paralysed operations at critical oil and gas institutions, raising fears of fuel …
- BusinessCorporate GovernanceFinanceNigeriaPensionRegulation
PenCom Raises Minimum Capital for PFAs, Custodians in Pension Revolution 2.0
The National Pension Commission (PenCom) has announced a fresh increase in the minimum capital requirements for Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), raising the thresholds to N20 …
- BusinessCorporate EarningsFinanceInsuranceNigeriaRegulation
Prudential Zenith Life Surpasses New Capital Requirement With N19.3bn Buffer
Prudential Zenith Life Insurance Company Limited has announced that it has exceeded the minimum capital requirement set under the new Nigerian Insurance Industry Reform Act (NIIRA) by N19.3 billion, positioning …
- BusinessCorporate GovernanceEconomyFinanceInsuranceINVESTMENTNigeria
Prestige Assurance Records 51% Growth in Premium, Withholds Dividend Amid Recapitalisation Plans
Prestige Assurance Plc has announced a 51 per cent increase in its gross written premium for the 2024 financial year, highlighting its resilience in a challenging operating environment. The company’s …
- BusinessCentral BankingEconomyFinanceInflationMonetary PolicyNigeria
CBN Cuts Benchmark Rate to 27% in First Policy Shift Since 2020 Pandemic
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has, for the first time since the Covid-19 pandemic in 2020, reduced the benchmark interest rate, signalling a cautious …