Tinubu Seeks House Approval for N269.45bn Promissory Notes
By Oluwakemi Kindness President Bola Tinubu has asked the National Assembly to approve a ₦269.45 billion promissory note programme to settle verified outstanding liabilities owed by the Federal Government. In a request transmitted to the legislature on Tuesday and read by the Speaker Tajudeen Abbas, the President sought approval for the establishment and expansion of […]
Nigerian Small Businesses May Struggle for Bank Credit in 2027
By Oluwakemi Kindness Nigerian small businesses may continue to struggle to access formal bank credit in 2027 despite the banking sector’s ₦4.65 trillion recapitalisation. This according to DataPro is as high Treasury bill yields and monetary policy restrictions encourage lenders to favour government securities over private-sector lending. DataPro, in its Risk Quarterly report which examined […]
CBN Cuts Interest Rate to 23% From 26.5%
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) has lowered its benchmark interest rate to 23 per cent, signalling a fresh adjustment to its monetary policy framework. CBN Governor, Olayemi Cardoso, announced the decision on Tuesday after the Monetary Policy Committee (MPC) concluded its 307th meeting in Abuja. The reduction brings the Monetary Policy […]
High Production Costs Threaten AfCFTA Gains – NSDC
By Oluwakemi Kindness The Executive Secretary of the National Sugar Development Council (NSDC), Kamar Bakrin, has warned that Nigeria risks losing the vast opportunities offered by the African Continental Free Trade Area (AfCFTA) unless it urgently lowers the cost of production for manufacturers. Speaking at the technical session of the 17th National Council on Industry, […]
FG Debunks N80tn Tinubu Debt Claims
By Anayo Akwitti The Federal Government of Nigeria has declared on Monday that the Nation’s debt profile is exaggerated as monies borrowed under President Bola Tinubu within the last three years, are no where near the N80trillion being bandied by public commentators and erroneously reported by journalists . Minister of Finance and Coordinating Minister for […]
European Stocks Slip as Oil Prices and Tensions Rise
By Oluwakemi Kindness European stock markets fell on Wednesday as rising oil prices and renewed tensions in the Middle East weighed on investor sentiment. Markets remained focused on the conflict involving the United States and Iran, after fresh US strikes and the reimposition of a naval blockade pushed oil prices higher. Asian markets, however, recorded […]
NACLFON Urges Nigerians to Pray for Peace, Economy
By Chinedu Echianu The National APC Christian Leaders Forum of Nigeria (NACLFON) has called on Christians and other Nigerians to unite in prayer for the country’s peace, security and economic recovery at its planned Mega Prayer for Nigeria scheduled to hold on Saturday in Abuja. NACLFON, a support group within the All-Progressives Congress (APC) that […]
FCCPC Warns Marketers Against Delaying Petrol Price Cuts
By Oluwakemi Kindness The Federal Competition and Consumer Protection Commission (FCCPC) has warned fuel marketers against delaying reductions in petrol prices, saying it will investigate and sanction businesses found exploiting consumersThe Federal Competition and Consumer Protection Commission (FCCPC) has warned fuel marketers against delaying reductions in petrol prices, saying it will investigate and sanction businesses […]
CBN Holds Interest Rate at 26.5% Amid Rising Inflation Concerns
By Oluwakemi Kindness The Central Bank of Nigeria has retained the benchmark interest rate at 26.5 percent as authorities continue efforts to rein in inflation and stabilise the economy. The decision was announced on Wednesday by the CBN Governor, Olayemi Cardoso, after the 305th meeting of the Monetary Policy Committee in Abuja. Cardoso said all […]
Tinubu Assures Nigerians of Stronger Economy, Improved Security in 2026
By Chinedu Echianu President Bola Tinubu has expressed optimism that 2026 will be a year of greater prosperity, stability and inclusive growth for Nigeria, assuring citizens that the economic reforms embarked upon by his administration are already yielding measurable results. In a New Year address to the nation on January 1, 2026, the President said […]