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Report Warns Capital System Misallocating Growth Resources
Economy
5 sources

Report Warns Capital System Misallocating Growth Resources

A report highlights that Nigeria's financial system is hindering the growth of MSMEs due to high monetary policy rates and inflation. It emphasizes the need for productive lending rather than mere discussions on support.

NDC Absorbs Obidient Coordinators Nationwide
News
2 sources

NDC Absorbs Obidient Coordinators Nationwide

Sunday Aborisade in Abuja The National Leader of the Nigeria Democratic Congress (NDC), Senator Seriake Dickson, has formally welcomed coordinators and members of the Obidient Movement from across the country

At 35.17%, Maximum Lending Rate Remains Flat for Second-consecutive Month
Economy
3 sources

At 35.17%, Maximum Lending Rate Remains Flat for Second-consecutive Month

The Central Bank of Nigeria has kept the Monetary Policy Rate at 26.50%, resulting in the maximum lending rate remaining unchanged at 35.17% for the second month. This stability in lending rates may provide some predictability for borrowers in the banking sector.

Nigeria’s pension crisis: Debt we owe our retirees
Economy
2 sources

Nigeria’s pension crisis: Debt we owe our retirees

Nigeria's pension crisis leaves retirees facing uncertainty and neglect after years of service. Many former workers, including those from Nigeria Airways, have waited over two decades for their pensions.

Sterling Holdings Reports 89% Growth in 2025FY, 52% in Q1 
Business
3 sources

Sterling Holdings Reports 89% Growth in 2025FY, 52% in Q1 

Sterling Financial Holdings Company Plc reported an impressive 89% growth for the fiscal year 2025 and a 52% increase in the first quarter. This performance highlights the company's strong financial trajectory.

SEC, Others Commend FTC Role in Capital Market Growth
Economy
3 sources

SEC, Others Commend FTC Role in Capital Market Growth

Stakeholders in Nigeria's capital market recently celebrated the 50th anniversary of the Financial Trust Company (FTC), recognizing its significant contributions. The event highlighted the importance of indigenous institutions in fostering market growth.

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