Banks Charge 60% on Loans, Pay 2.7% on Savings
CBN data reveals a massive gap between bank lending and deposit rates. Borrowers in key sectors face crippling costs while savers earn minimal returns. Discover the full breakdown.
Category : Search result: manufacturing loan costs
Abuja Food Prices Fall as NBS Reports Inflation Decline
A new survey shows food prices have dropped in Abuja markets after the festive season, with NBS data confirming a decline in monthly food inflation. Experts warn the relief may be temporary without long-term policies.
Ondo Governor Backs NELFUND Loan Scheme for Students
Ondo State Governor Lucky Aiyedatiwa pledges to mobilise students for the NELFUND interest-free loan, calling it a historic intervention for Nigerian youth education.
Aiyedatiwa: NELFUND Loan Scheme is Historic for Students
Ondo State Governor Lucky Aiyedatiwa pledges to mobilise students for the NELFUND interest-free loan, calling it a historic intervention to end poverty barriers to university education.
Nigeria's Food Inflation Drops: See Top 10 Costly States
NBS data shows Nigeria's food inflation fell to 10.84% in Dec 2025. Discover the 10 states where food was most expensive and the items that saw price drops. #NigeriaEconomy
Port Disruptions Cost Nigeria N5bn Daily - Report
A new report reveals street protests and unregulated port charges cost Nigeria up to N5bn daily, fueling inflation. SEREC urges urgent policy reforms to save the economy. Read the full analysis.
NELFUND disburses ₦927m upkeep allowances to 11,685 students
NELFUND begins payment of ₦927 million in unpaid upkeep allowances to 11,685 students for the 2024/2025 session. MD Akintunde Sawyerr announces expansion of loan scheme outreach. Read more.
Agents Protest Shipping Charge Hike, Shut Down MSC Apapa
Clearing agents in Apapa have halted operations at MSC to protest a sharp increase in shipping tariffs, warning it will worsen inflation and raise import costs for Nigerians.
Marketers Resist Cutting Petrol Prices Below Dangote Rate
Independent oil marketers explain why petrol prices remain above Dangote Refinery's N739 benchmark, citing high logistics costs. Discover the factors shaping Nigeria's fuel price war.
EFCC's N3.2bn Food, Cleaning Budget Sparks Outcry
EFCC's 2026 budget allocates over N3.2bn for meals, cleaning & fuel. Analysts warn of wasteful recurrent spending & weak budget impact. Details inside.
FG Releases 2026 Approved Loan Apps List
Discover the top 10 loan apps in Nigeria for 2026 as the FCCPC releases its approved list of 457 digital lenders. Compare interest rates, loan amounts, and key borrowing tips.
Full List: FG Approves Over 400 Loan Apps for 2026
The FCCPC has published its 2026 register of approved digital lenders. See the full list of over 400 compliant apps and protect yourself from illegal operators.
Nigeria Reviews Tariffs to Support Local Manufacturers
The Federal Government has begun a review of Nigeria's tariff framework to strengthen industrial competitiveness and reduce production costs for domestic manufacturers. Read more.
High Stowaway Costs Burden Shipowners in West Africa
West African ports impose heavy fines and repatriation costs on shipping companies for stowaways, with incidents costing up to $30,000 each. Nigeria's shipping association criticizes the policy as unfair.
Lagos One-Bedroom Rent Hits ₦20.9m in 2025
A new report shows Lagos rents have skyrocketed, with a one-bedroom in Eko Atlantic costing ₦20.9m annually. Discover the full breakdown of prices across the city and the economic factors driving this surge.
Traders Lament High Costs at Calabar Festival Village
Vendors at the 20th Calabar Christmas Festival Village report poor sales and tripled stall rents. Traders with 15+ years experience call for government intervention to review fees and improve coordination. #CalabarCarnival #Business
Apply Now: FG Opens 2026 GEEP Loan Portal for ₦300k
The Federal Government has launched the GEEP loan portal for 2026, offering Nigerians interest-free loans up to ₦300,000 to boost small businesses. Apply now at geep.nsipa.gov.ng.
New Tax Laws Will Reduce Airlines' Costs - Oyedele
Tax reform chief Taiwo Oyedele clarifies that Nigeria's new 2026 tax laws aim to lower airline operating costs, countering claims of massive fare hikes. Details inside.
Nigeria Has World's Cheapest Domestic Fares - AirPeace
AirPeace Chairman Allen Onyema claims Nigerians pay the world's lowest domestic airfares, with tickets under $60, explaining high airline mortality rates. Discover the full story.
Bollywood Profits Squeezed by Star Fees, Entourages
Bollywood producers reveal how stars' multi-million dollar fees and lavish demands for entourages and trailers are crippling film finances. Discover the industry's call for change.
FG Opens N5m Loan Scheme for Youths: Apply Now
The Federal Government invites employed Nigerian youths (18-39) to apply for loans up to N5 million via CREDICORP's YouthCred scheme. Learn details and public reactions.
Feed Costs, Input Access Challenge Nigeria Poultry Farmers
Despite being Nigeria's most commercialised livestock segment, poultry farmers face high feed costs and limited input access. The Minister of Livestock reaffirmed commitment at the LAPO Chicken Fair, highlighting collaboration for food security.
Putin's Year-End Remarks: Demands Respect, Lists Gains
Russian President Vladimir Putin, in his marathon press conference, demanded 'respect' from the West and listed battlefield gains. This follows a new $105bn EU loan to Ukraine. Read the full analysis.
Nigerian Youths Can Borrow Up to N5 Million via FG's YouthCred
The Federal Government has opened a portal for Nigerian youths aged 18-39 to access loans up to N5 million under the new YouthCred scheme. Apply now for flexible, low-interest credit to boost your business or career.
Osi Suave Says Rising Costs Are Killing Detty December
Media personality Osi Suave warns that Detty December's fun is fading due to greed and soaring costs. He reveals why he skipped his 2025 concert. Read his full analysis.
Cross River Enforces Vehicle Colours from Jan 31
Cross River State mandates all commercial vehicles to adopt state-approved colours and security numbers by January 31, 2026. Non-compliance will attract sanctions. The move aims to boost safety and uniformity.
NELFUND Gives N154.4bn Loans to 788,947 Students
Nigerian Education Loan Fund disburses N154.4bn in interest-free loans to 788,947 students. CEO Akintunde Sawyerr reveals details and urges more applications from public institution students.
Patrick Ajah on May & Baker's Leadership in Nigerian Healthcare
CEO Patrick Ajah reveals how purpose-driven innovation, local manufacturing, and ethical governance sustain May & Baker Nigeria's 80-year healthcare leadership. Discover the strategy.
State Airlines Cut Airfares, Offer Relief to Travellers
Nigerian travellers get relief as state-owned airlines like Ibom Air introduce lower fares, reducing costs on secondary routes from N350,000 to around N150,000. Discover how this impacts the economy.
1,100+ Ondo Varsity Students Get N144.5m Loan
Adekunle Ajasin University confirms over 1,116 students benefited from N144.5m NELFUND loans for tuition. VC also details new hostel projects to enhance campus safety. Read more.
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