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The Central Bank of Nigeria (CBN) on Wednesday retained its benchmark interest rate at 26.5 percent following the conclusion of read more CBN holds benchmark interest rate at 26.5% amid renewed inflationary pressure
The Federation Account Allocation Committee (FAAC) is set to release the sum of N7 billion monthly, amounting to N84 billion read more FAAC to release N7bn monthly for infrastructure financing in Ebonyi, others
Michael Olugbode in Abuja Nigeria and China are moving to deepen cooperation in tourism, heritage preservation, and the creative economy as both countries seek to unlock new economic opportunities beyond
Omolabake Fasogbon An estimated 175 million to 180 million Nigerians still lack access to clean cooking energy, according to tracking data from the World Bank and the International Energy Agency
It also led to the seizure of the largest multi-billion naira meth in history and the arrest of the cartel's kingpin, three Mexican technical experts, and six other top local collaborators. The post NDLEA busts Nigerian-Mexican meth cartel, arrests drug baron appeared first on Va...
Pan Ocean Oil Corporation (Nigeria) Limited and the Newcross Group of Companies have announced the appointment of Remilekun Soyannwo as read more Pan Ocean Oil appoints Soyannwo as independent non-executive director
By Peter Egwuatu Shareholders of Nigerian Aviation Handling Company (NAHCO) Plc, have commended the board and management for the impressive performance and sustained improvements in shareholders’ returns amidst economic reforms. At the Annual General Meeting, AGM, shareholders ...
The UK is proposing a £5 million invite-only investor visa that offers a three-year route to permanent residency. This initiative aims to attract high-net-worth individuals to invest in the UK economy.
…petrol prices record biggest increase this century as transport costs surge South Africa’s inflation climbed to a 20-month high in read more South Africa’s inflation climbs to 20-month high as Iran war drives fuel shock
Two new reports on Nigeria’s and Lagos housing markets have positioned the deficits in the two markets as major investment read more Reports position Nigeria’s, Lagos housing deficits as investment opportunities
The EU has agreed to implement a trade pact with the US after facing pressure from former President Trump. This agreement includes reducing levies on US imports, aiming to strengthen transatlantic trade relations.
"With Obasanjo, no single faith controlled security, law, the economy, or diplomacy. This was interfaith governance without religious vocabulary" The post How leaders can manage religious differences to stabilise Nigeria — Dansadau appeared first on Vanguard News.
PAC Research has released two significant reports focusing on Nigeria's housing market, highlighting opportunities within Lagos. These publications aim to provide insights into the billion-dollar potential of the sector.
UK's annual inflation rate decreased to 2.8% in April, down from 3.3% in March. This decline was reported by the Office for National Statistics.
Dangote emphasized that the planned refinery listing will boost Africa's economic growth through large-scale industrial projects. He believes this initiative will create jobs and enhance domestic production capacity across the continent.
By Peter Egwuatu The Securities and Exchange Commission, SEC has announced the transition to a T+1 settlement cycle for equities and commodities transactions with effect from Monday June 1, 2926. The Commission in a notice, outlined a comprehensive framework that all c...
Nigeria's oil exploration and drilling activities saw a significant decline of 41.7% in April 2026 due to reduced upstream operations. This trend reflects ongoing challenges in the oil sector, as reported by OPEC.
The Nigerian naira showed mixed performance against the US dollar on May 20, 2026, in both official and parallel markets. This fluctuation comes amid ongoing demand for foreign exchange.
Many Nigerians mistakenly believe that only salaried workers and registered companies are responsible for paying taxes. This misconception highlights the need for greater awareness about tax obligations among all citizens.
Nigeria generates a trillion naira annually, yet this revenue does not strengthen the nation. Understanding this paradox is crucial for addressing the country's economic challenges.
Nigeria's credit rating has been upgraded from 'B-' to 'B' by S&P Global Ratings due to successful fiscal and foreign exchange reforms. This improvement reflects increased investor confidence in the country's economic management.
US stocks are declining due to renewed inflation concerns linked to high oil prices and rising bond yields. This market downturn reflects ongoing economic challenges.
Nigerian tank farm owners are advocating for local refining and calling for a stop to new petrol import licenses. This stance has intensified divisions among downstream operators in the industry.
JETFON supports Dangote's call for Nigeria to rely entirely on local refineries. They oppose DAPPMAN and urge the government to cancel new petrol import licenses.
The Securities and Exchange Commission (SEC) will implement a T+1 settlement system for equities and commodities starting June 1. This move aims to enhance the efficiency and transparency of Nigeria's capital market.
FGN bond subscriptions fell by 45.6% in May, totaling N516.17bn despite increased interest rates. This decline indicates a significant drop in investor demand for government bonds.
The World Bank highlights a significant skills deficit across African economies, which hampers business growth and job creation. This analysis underscores the urgent need for skills development to boost productivity on the continent.
Dr. Olasupo Olusi has transformed the Bank of Industry's focus towards measurable economic development in Nigeria. His leadership is poised to significantly impact the country's economic future.
TANIMU YAKUBU Those who speak glibly about deficits, debt and fiscal expansion often reveal not economic sophistication, but economic illiteracy disguised as moral outrage. Much of today’s opposition rhetoric confuses
The Central Bank of Nigeria is anticipated to maintain its benchmark interest rates during the upcoming Monetary Policy Committee meeting. This decision reflects ongoing economic considerations and stability in the financial sector.