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MARKETS AND ECONOMY

Nigeria Risked 1,000% Inflation Without Economic Reforms – Oyedele

 Nigeria could have experienced inflation of up to 1,000 per cent without the economic reforms introduced by President Bola Tinubu’s administration, including the removal of petrol subsidies and the unification of foreign exchange rates, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said.Oyedele made...

CBN SDF Placements Rise 57.65% to N6.08trn Following N2.41trn OMO Repayment

 Banks’ net placements at the Central Bank of Nigeria’s...

Nigeria’s FX Utilisation Rises 12.84% to $18.34bn in Q2 2026 as Services Demand Surges

 Despite the strong contribution from autonomous sources, total FX...

Tony Elumelu Backs $15bn Investment Pipeline for West Africa

 Tony Elumelu, chairman of Heirs Holdings and co-chair of...

Nigeria’s Headline Inflation Eases to 14.63% in September 2026 from 15.39% in August

 Nigeria’s headline inflation rate eased to 14.63 per cent...

NNPC Pursues IPO Readiness as H1 2026 Profit Falls to N2.28tn

 The Nigerian National Petroleum Company Limited (NNPC Ltd.) is...

Shell Agrees to Sell Shell Nigeria Gas Group to Vaaris Energy

 British energy, Shell has agreed to sell its entire...

Tech World

FINANCE

UBA Wins Legal Battle to Recover N156bn Debt From Stallion Group

 United Bank for Africa Plc (UBA) has secured a major court victory in its N156 billion debt recovery dispute with Stallion Group and its affiliates, after the Federal High Court in Lagos upheld the bank’s receiver appointment, mortgage security and the liability of guarantors.The ruling strengthens UBA’s efforts to...

Banks’ CBN SDF Placements Fall N942bn To N3.76tn

 Banks’ deposits with the Central Bank of Nigeria (CBN)...

PalmPay Strengthens Customer Support with New Tools for Safer Digital Banking

As Customer Service Week 2026 gets underway, digital banking...

Women-Owned Businesses Account For 36% Of Moniepoint’s MSME Lending

 Women-owned businesses accounted for 36 per cent of Moniepoint’s...

CBN’s Data Localisation Directive Will Put Digital Payment Infrastructure to the Test – Hakeem Adeniji-Adele

 Nigeria’s plan to require payment companies to host transaction...

Bank Liquidity Jumps 37% To N8.84tn Ahead Of N4.69tn CBN OMO Debit

 Liquidity in Nigeria’s banking system rose 37.01 per cent...

NIBSS Fraud Desk Commends PalmPay’s Customer Protection Drive

 PalmPay’s upgraded Security Center has received recognition from the...

GENERAL NEWS

AI Revolution Set To Redraw Global Economic Power Map — Akano

 The artificial intelligence revolution could trigger one of the...

INEC Deploys AI, 57,000 BVAS Devices To Strengthen 2027 Elections

 The Independent National Electoral Commission (INEC) has deployed artificial...

Tinubu Attends MKO Documentary Premiere, Honours June 12 Heroes

 President Bola Ahmed Tinubu on Wednesday joined political leaders...

FG’s Electricity Subsidy Falls N37bn To N321bn As DisCos Cut Power Offtake

 The Federal Government’s electricity subsidy obligation fell by N37.06...

Tinubu Targets 23m Unconnected Nigerians in Digital Jobs Push

 President Bola Ahmed Tinubu has placed digital connectivity for...

Tinubu Declares End of Economic Emergency in Independence Day Speech

 President Bola Ahmed Tinubu has declared that Nigeria’s period...

Nigeria Must Shift From Economic Stabilisation To Productivity — CPPE

 The Centre for the Promotion of Private Enterprise (CPPE)...

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...

ENERGY

MARKET