The Nigerian naira on Wednesday reached its strongest level in over two months, closing at ₦1,565.46 to the dollar at the official foreign exchange (FX) market. This marked a ₦13.82 …
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NIGERIA ECONOMY
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AfricaBrand ComparisonBusinessBusiness and EconomyBusiness InsightsDangote IndustriesDevelopmentManufacturingNigeriaProduct ComparismProduct ReviewReal EstateWestern Africa
Dangote Cement vs. BUA Cement in Nigeria’s Construction Sector
Cement is an indispensable material in Nigeria’s rapidly expanding construction sector, forming the fundamental component for a vast array of projects, from residential homes and commercial complexes to critical national …
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BusinessEconomyFinance & ServicesGOVERNMENTMarketsPoliciesPolitics
Naira Gains Ground Against Dollar as CBN Holds Interest Rate Steady
The Nigerian naira has shown consistent strength against the US dollar throughout the week, culminating in a notable appreciation on Friday, May 23, 2025.Data from the Central Bank of Nigeria …
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTMarketsOil & GasPolicies
CBN Holds Interest Rate Steady Amid Stronger FX Stability and Rising Reserves
The Central Bank of Nigeria (CBN) has decided to keep its interest rate steady at 27.5 per cent. This decision was announced after the bank’s 300th Monetary Policy Committee (MPC) …
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Banking, Finance & InvestmentEconomyFinance & ServicesGOVERNMENTNigeriaPolicies
Federal Government Inaugurates New AMCON Board, Sets Timeline for Wind-Down
The Federal Government has officially inaugurated a new Board of Directors for the Asset Management Corporation of Nigeria (AMCON), with a strong message to focus on recovering assets and begin …
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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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Business InsightsEconomyFinance & ServicesFintechInsuranceINVESTMENTNigeria
Less Than 2 Million Nigerians Buy Insurance Yearly – Stakeholders Raise Alarm at Investment Summit
Industry experts and financial stakeholders have revealed that fewer than two million Nigerians buy insurance policies annually, a figure that highlights a deep gap in coverage and awareness within the …
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AgricultureBusinessEconomyFinance & ServicesGOVERNMENTInfrastructureNigeriaOil & GasTransportation & Logisitics
Nigeria’s Leasing Sector Grew by 23% in 2024, Hits N5.17tn – ELAN
Nigeria’s leasing industry recorded a strong growth of 23.2 per cent in 2024, pushing the value of outstanding leases to N5.17 trillion, up from N4.19 trillion in 2023. This was …
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EconomyEnergyGOVERNMENTInternational RelationsNigeriaPoliciesWestern Africa
Nigeria Records Fastest Economic Growth in 10 Years, Says World Bank, But Inflation Still a Big Problem
The World Bank has revealed that Nigeria’s economy grew at its fastest rate in almost 10 years in 2024, driven by strong performance in the fourth quarter and better management …
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BusinessBusiness InsightsEconomyInnovationNigeriaPress ReleasesStanbic IBTC
Stanbic IBTC Bank Wins 2025 Bank of the Year Customer Service Award
Stanbic IBTC Bank has been awarded the 2025 Bank of the Year Customer Service Award at the prestigious Industry Summit/Awards 6.0, which took place in Lagos. This recognition comes after …
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