In a landmark move to bolster women entrepreneurship, the Bank of Industry (BOI), in collaboration with the Women Chamber of Commerce and Industry, Mines, and Agriculture (WCCIMA), has launched a …
Baobab Microfinance Bank has reaffirmed its commitment to empowering small and medium-sized enterprises (SMEs) and micro-entrepreneurs across Nigeria by disbursing loans worth over N323bn to more than 407,000 customers. This …
Nigeria’s Cashew Industry Poised for Growth as Stakeholders Push for Sustainability As Nigeria’s cashew season begins, industry stakeholders are calling for renewed efforts to strengthen the sector through sustainable farming …
The South African Reserve Bank (SARB) recently opted to keep the benchmark interest rate steady at 7.5%, a move that has drawn criticism from economists who believe the central bank …
Nigeria’s annual inflation rate experienced a notable decline in February 2025, easing to 23.18% from 24.48% in January, according to the National Bureau of Statistics (NBS). This marks the second …
A new report from the Central Bank of Nigeria (CBN) has revealed that a majority of Nigerians are groaning under the burden of high borrowing costs, with a whopping 65.5% …
In a surprising twist in the foreign exchange market, the Nigerian naira on Tuesday recorded a modest appreciation against the United States dollar, exchanging at ₦1,530.52/$ at the official window. …
Nigeria faces a staggering economic setback following a pipeline explosion in Rivers State, potentially leading to losses exceeding $35.3 million daily. The incident, which significantly hampers oil exports from the …
A pipeline explosion in Rivers State early tuesday has disrupted Nigeria’s oil exports, creating serious concerns for the economy. The damaged infrastructure connects onshore production sites to key export terminals. …
The International Monetary Fund (IMF) has claimed that President Lazarus Chakwera’s government is making efforts in stabilizing the country’s economy. The IMF delegation led by first deputy manager Gita Gopinath …
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