BUSINESSMETRIC
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MARKETS AND ECONOMY
African Alliance Shareholders Approve N12bn Capital Raise
African Alliance Insurance Plc shareholders have approved a plan by the insurer to raise up to N12 billion as the company continues efforts to recapitalise and meet the requirements of the Nigerian Insurance Industry Reform Act (NIIRA) 2025.The approval was given unanimously at an Extraordinary General Meeting held in...
TotalEnergies, AMNI Approve $800m Investment In Ima Gas Project
TotalEnergies SE and AMNI International Petroleum Development Company have...
CBN To Mop Up Excess Liquidity Ahead Of 2027 Elections — Cardoso
The Central Bank of Nigeria (CBN) says it is...
Airtel Money Moves To London IPO, Targets Up To $9bn Valuation
Airtel Money, the mobile financial services arm of Airtel...
Nigeria’s Foreign Reserves Hit $55bn, Highest In 18 Years — Cardoso
Nigeria’s foreign exchange reserves have risen above $55 billion,...
CBN Cuts MPR To 23% From 26.5% In Biggest Rate Reduction On Record
The Central Bank of Nigeria (CBN) has cut its...
Dangote Refinery Cuts Petrol Price By N25 To N1,325
Dangote Petroleum Refinery has reduced the price of Premium...
Tech World
FINANCE
FG Cuts Interest On Late Tax Payment From 5% To 1% Above MPR
The federal government has cut the interest spread on late payment of taxes from five percentage points above the Central Bank of Nigeria’s Monetary Policy Rate (MPR) to one percentage point, with the new regime taking effect from October 1, 2026.The change is contained in the Nigeria Tax Administration...
Trillions Chase Nigerian Debt as Bond Market Opens to Fresh Foreign Demand
bond marketNigeria’s fixed-income market is entering a new phase...
EFCC Warns POS Operators Against Money Laundering
The Economic and Financial Crimes Commission (EFCC) has warned...
Insurance Recapitalisation: NAICOM Rejects N100bn Fraud Allegation, Denies Officials’ Detention
The National Insurance Commission (NAICOM) has rejected allegations of...
AfDB Launches $5.1bn Plan to Cushion Africa Against Energy, Fertiliser Shocks
The African Development Bank (AfDB) Group has approved a...
CBN Debunks Viral $46bn Grant Approval Document, Warns Public Against Fraud
The Central Bank of Nigeria (CBN) has disowned a...
Police Arrest Woman Over Fake OPay Shutdown Notice
The Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has...
GENERAL NEWS
RuralConnect Summit 2.0: Stakeholders to Examine Why Over 23m Nigerians Remain Offline
Stakeholders across Nigeria’s telecommunications, technology and infrastructure sectors will...
APRA Wins Africa PR Legacy Award
The African Public Relations Association (APRA) has been honoured...
Dangote Cement Targets 80Mta Capacity By 2030 Across Africa
Dangote Cement Plc plans to expand its production capacity...
67.4% Of Nigerians Reject Current Petrol Pricing Policy — SBM
About 67.4 per cent of Nigerians surveyed have rejected...
MPC Decision, FTSE Reclassification Set to Shape Nigeria’s Markets This Week
Nigeria’s financial markets are heading into a pivotal week...
Warren Buffett Hands Berkshire Hathaway Chairmanship to Son Howard
Warren Buffett has handed over the chairmanship of Berkshire...
NCC Empowers Over 100 Persons with Disabilities with Digital Skills in Lagos
The Nigerian Communications Commission (NCC) has trained over 100...
media outreach
Travels & Aviation
Appointments & RECOGNITIONS
VIEWPOINTS
307th MPC Meeting: CBN Caught between Inflation and Economy Crying for Credit
By BLAISE UDUNZEThe Central Bank of Nigeria (CBN) heads into its 307th Monetary Policy Committee meeting this week facing...