CBN Retains MPR at 27%, Delays Loan Rate Cuts
Nigeria's Central Bank maintains 27% interest rate to fight inflation. Businesses and borrowers face continued high loan costs as monetary tightening persists. Learn what this means for you.
Category : Business
5 Govt Loans & Grants for Nigerians Under Tinubu
Discover 5 government loan and grant schemes under Tinubu's administration helping Nigerians overcome economic hardship. Learn how to apply for NELFUND, CrediCorp, and more.
US Retail Sales Growth Slows to 0.2% in September
US retail sales cooled to 0.2% growth in September as consumers face higher prices and Trump's tariffs impact costs. Discover how value-hunting trends are reshaping spending.
EU to challenge China's rare earths dominance
EU industry chief Stephane Sejourne declares Europe must break dependence on China's rare earths, calling export controls a 'racket'. New strategy coming December 3.
Chinese mining CEO arrested in Kyrgyzstan
Kyrgyz authorities detain Chinese CEO of gold mining firm accused of major environmental damage amid growing anti-China sentiment. Read full details.
Nigeria's Money Supply Jumps to N117.8 Trillion
Nigeria's money supply surged by 75.9% to N117.78 trillion in two years, CBN data reveals. Experts warn this could trigger inflation if it outpaces economic productivity.
Naira Exchange Rate: CBN Sets N1,453/$ Amid $250M Injection
Naira strengthens against US dollar in official market, closing at N1,453.84/$1 after CBN's $250 million intervention. Get latest forex updates and market analysis.
Christmas Airfares Hit N800,000 as Airlines Face Crisis
Air Peace, United Nigeria, Aero Contractors raise ticket prices to South-East routes as aircraft shortage bites. Return tickets now cost N800,000 for Christmas travel.
Access Bank Unveils Detty Fusion for Festive Season
Access Bank introduces Detty Fusion, a CSR initiative connecting Nigerians to verified festive experiences while supporting SMEs and creative entrepreneurs during December celebrations.
CBN to ban serial bounced cheque issuers for 5 years
CBN proposes 5-year ban for serial dud cheque offenders to restore confidence in Nigeria's payment system. Stakeholders have 3 weeks for feedback.
Two Ogun factories sealed for safety violations
Federal Government seals True Metals Nigeria Limited and Phoenix Steel Mills in Ogun State over severe occupational safety breaches. Minister warns employers endangering workers' lives.
Ex-France resident returns to Nigeria as farmer
After 15 years in France, a Nigerian man has permanently relocated home to start farming horses, wine, pythons and crocodiles. His viral TikTok video sparked mixed reactions about returning to Nigeria.
CBN Proposes 5-Year Ban for Dud Cheque Offenders
Nigeria's Central Bank plans five-year banking restrictions for customers issuing bounced cheques three times. Banks face heavy fines for non-compliance. Read details.
NNPC Targets 2026 for Refinery Partners, Posts N5.4tn Profit
NNPC Limited announces June 2026 timeline to select technical partners for Port Harcourt, Warri and Kaduna refineries rehabilitation while revealing record N5.4 trillion profit for 2024.
FG: Livestock Reforms Gains Coming Soon
Federal Government assures Nigerians that livestock sector partnerships will soon show visible results, aiming to grow the industry from $32B to $74B by 2035 through strategic reforms.
IBEDC prosecutes energy theft suspects across franchise
IBEDC escalates fight against energy theft with multiple arrests and prosecutions. Woman charged for assaulting staff, vandalizing vehicle. Several businesses face legal action.
FirstBank Lends N200bn to Nigerian SMEs in 2024
FirstBank has disbursed over N200 billion to Nigerian SMEs, tackling funding gaps with uncollateralized loans and business training to foster economic growth.
SEC: Sustain Compliance After FATF Grey List Exit
Following Nigeria's removal from the FATF Grey List, the SEC has called on capital market operators to deepen their compliance culture to protect the nation's global financial reputation.
Nigeria's Care Economy: 300M Jobs Opportunity
Nigeria urged to institutionalize care economy policy to tap into 300 million global jobs, boost productivity and address gender inequality in care work sector.
UK Budget 2025: Energy Bill Relief Hope for Businesses
As UK prepares budget announcement, pub owners and households hope for cost-of-living relief from high energy bills. Discover the impact on businesses and potential solutions.
Chocolate Giants Implicated in Liberia Deforestation
A new report links Mars, Nestle, and others to deforestation in Liberia's rainforest. High cocoa prices are driving forest loss. Learn the facts and what it means for sustainable chocolate.
N50m Grants for 8 Young Nigerian Entrepreneurs
Mary Ojulari Foundation empowers eight young Nigerian entrepreneurs with N6.2m grants each after intensive Ignite Bootcamp. Discover how they are building scalable businesses.
Nigeria Champions Africa's $3.4 Trillion Single Market
Nigeria takes charge of Africa's $3.4 trillion AfCFTA single market. Minister Oduwole outlines strategy for economic growth, digital trade, and continental leadership. Act now to seize the opportunity!
MARCON to Honour Dangote, Lekki Port with Awards
Aliko Dangote, Lekki Deep Seaport, and other key players are set to receive MARCON's 2025 Awards of Excellence for transforming Nigeria's maritime sector. Discover the full list of honourees!
Mexican Farmers Block US Border in Water Protest
Mexican farmers block key US border bridge in protest against water reforms. Learn how this impacts trade and the ongoing national strike across 16 states.
Asian Markets Advance on Fed Rate Cut Expectations
Asian markets surge as Federal Reserve officials signal December rate cut. Tech stocks lead rally while weakening labor market shifts Fed focus from inflation concerns.
FRC's Oladele Oladejo Joins UNCTAD Advisory Committee
FRC's Oladele Oladejo appointed to UNCTAD's African sustainability committee, marking Nigeria's growing global influence in corporate reporting standards and sustainable development initiatives.
Scientific Research Guides Nigeria's Oil Production
Dr Omonigho Khalin Egbo's geochemical studies provide crucial data for Nigeria's energy security and revenue growth. Discover how his findings are shaping national oil policy.
NSITF to criminalise non-compliance with compensation
NSITF plans to make it a crime for employers not to enroll workers under compensation scheme. Managing Director Faleye seeks stronger legal backing and increased penalties.
Dangote Revitalises Nigeria's Agricultural Sector
Dangote Group partners to boost Nigeria's agriculture, sponsoring the National Agricultural Show and investing in massive rice mills to create jobs and ensure food security. Discover how.
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