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 …
Nigerian economy
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Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTPolicies
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Banking, Finance & InvestmentBusinessDevelopmentEconomyFinance & ServicesInnovationNigeria
LivingTrust Mortgage Bank Wins DBN Innovation Award for Supporting Small Businesses in 2024
LivingTrust Mortgage Bank Plc has been honoured with the Development Bank of Nigeria (DBN) Innovation Award in the Other Financial Institution (OFI) category for the financial year 2024. This award, …
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AfricaBusinessEntrepreneurshipLeadershipNigeriaReal EstateSpotlightWestern Africa
Kehinde Muibi: Billion-Naira Real Estate Mogul
Kehinde Muibi, also widely known as Dr. MKH, is a truly great example of how someone can rise from very humble beginnings to become a top Nigerian entrepreneur. His journey …
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Banking, Finance & InvestmentBusiness InsightsBusiness PoliciesEconomyFinance & ServicesINVESTMENTNigeria
CBN Increases Treasury Bills Offer to N550bn as Investor Demand Drops by 29%
The Central Bank of Nigeria (CBN) has raised its total offer at the latest Treasury Bills Primary Market Auction to N550 billion, an increase from the N400 billion offered in …
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BusinessBusiness InsightsBusiness PoliciesDangote IndustriesEconomyEnergyInfrastructureNigeriaOil & GasTrade and CommerceWestern Africa
Dangote Refinery, Marketers Clash Over Local Fuel Supply Claims
The management of Dangote Petroleum Refinery has rejected claims made by oil marketers that the refinery cannot meet Nigeria’s local fuel demand. Officials of the refinery told our correspondent that …
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BusinessBusiness InsightsEconomyLeadershipNigeriaTechnology
PwC Survey: Nigerian CEOs Battling Inflation but Remain Hopeful, Focus on AI and Sustainability
A new report by PricewaterhouseCoopers (PwC) has revealed that Nigerian Chief Executive Officers (CEOs) are facing significant pressure from inflation and economic instability, yet remain hopeful about the country’s future …
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AfricaAFRICA NEWSBusinessEconomyFinance & ServicesInformation & TechnologyPress ReleasesTechnologyTelecommunications
MTN Nigeria Reports N133.7bn Profit in Q1 2025
MTN Nigeria Communications Plc has reported a profit after tax of N133.7 billion for the first quarter of 2025, recovering from a loss of N392.7 billion recorded in the same …
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BusinessBusiness InsightsDevelopmentEconomyEntrepreneurshipFinance & ServicesSpotlight
How to Shield Your Business from Naira Volatility in 2025
Introduction In today’s interconnected global marketplace, businesses operating within Nigeria are increasingly susceptible to the unpredictable nature of international currency exchange rates. A particularly significant challenge for Nigerian enterprises is …
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BusinessEconomyFinance & ServicesInnovationLeadership
Business Leaders Urge Innovation, Talent-Driven Strategy Amid Tough Nigerian Economy
Top Nigerian business leaders have stressed the need for innovative thinking and strategic personnel choices to drive growth as companies continue to battle the country’s challenging economic conditions. The call …
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AFRICA NEWSBusinessBusiness InsightsBusiness PoliciesEconomyFinance & ServicesGOVERNMENTNigeria
Nigeria Not in Hyperinflation – Financial Reporting Council Insists
The Financial Reporting Council of Nigeria (FRC) has said that Nigeria’s economy cannot be classified as hyperinflationary, despite rising inflation and concerns raised by the International Monetary Fund (IMF) and …