CBN interest rate cut: Central Bank slashes interest rate to 23%
The CBN interest rate cut has reduced Nigeria’s monetary policy rate from 26.5 per cent to 23 per cent. Central Bank of Nigeria Governor Olayemi Cardoso announced the decision after…
Atiku attacks Tinubu over economic policies, rejects $1 trillion growth plan
Atiku Abubakar has criticised President Bola Ahmed Tinubu’s economic policies, saying Nigeria cannot build a $1 trillion economy while citizens struggle with rising poverty. The former vice-president and presidential candidate…
MRS Petrol Price Rises by N85 as Dangote Refinery Raises Gantry Price
The MRS petrol price has risen again after the filling station operator increased its pump price from N1,310 to N1,395 per litre in Abuja and surrounding areas. A market survey…
Dangote Says Tinubu Reforms Put Nigeria on Growth Path
President and Chief Executive of Dangote Industries Limited (DIL), Aliko Dangote, says the economic reforms introduced by the Federal Government under President Bola Tinubu are putting Nigeria on a path…
Credit to Private Sector Falls 15.3% to N33.9tn
Credit to the private sector fell by 15.3 per cent month-on-month (MoM) to N33.9 trillion in July 2026, down from N40.03 trillion recorded in June. The Central Bank of Nigeria…
PFAs Invest N17.1tn in Federal Government Securities
Pension Fund Administrators (PFAs) invested about N17.1 trillion of Nigerian pension assets in Federal Government securities during the first quarter of 2026. The amount represents 58.07 per cent of the…
Nigeria Nears CBN’s $1bn Monthly Diaspora Remittance Target
Nigeria is moving closer to the Central Bank of Nigeria’s (CBN) $1 billion monthly remittance target, with diaspora inflows reaching $947 million in July 2026. The latest figure puts the…
NNPCL revenue decline hits oil giant as crude sales fall sharply
The NNPCL revenue decline deepened in July 2026 as lower crude oil sales and production hit the state-owned oil company’s financial performance. The Nigerian National Petroleum Company Limited (NNPCL) reported…
Nigeria’s ICT Sector Records 9.62% Growth in Q2 2026
Nigeria’s Information and Communication sector maintained strong growth in the second quarter of 2026, rising by 9.62 per cent year-on-year in real terms. The latest GDP report from the National…
Nigeria FMCG Giants Lift Profit Despite Flat Sales
Nigeria’s biggest FMCG manufacturers recorded a sharp rise in profits in the first half of 2026, despite almost unchanged revenue. The ten quoted companies posted combined profit after tax (PAT)…
