BUSINESSMETRIC
Discover more from Business Metrics. Subscribe now to keep reading and get access to the full archive.
MARKETS AND ECONOMY
African Alliance Insurance Posts N3.87bn Profit Despite N34.18bn Insurance Service Deficit
African Alliance Insurance Plc reported a profit after tax of N3.87 billion for the 2025 financial year, despite recording a N34.18 billion insurance service deficit, as investment income rose sharply during the period.The insurer’s audited financial statements for the year ended December 31, 2025, showed that profit after tax...
Nigeria’s Deep Offshore Sector Set For $50bn Investment Push – Tinubu
Nigeria’s deep offshore oil sector is set for a...
Dangote Refinery Sets New Export Record as Crude Intake Climbs to 665,000bpd
Dangote Refinery set a new export record in September,...
Nigeria’s FX Turnover Slumps 35% to $1.70bn, Loses $930m
Nigeria’s foreign exchange market recorded a sharp decline in...
DisCos Lose Grip On N343bn Electricity Revenue In Q2
Nigeria’s 11 electricity distribution companies recorded a combined N342.93bn...
Nigeria Leads Africa’s Nearly 1,000bps September Rate-Cut Wave
Nigeria led a broad monetary easing cycle across Africa...
Naira Breaks N1,500 Per Euro Barrier For First Time Since 2024
The naira has strengthened beyond the N1,500 per euro...
Tech World
FINANCE
FG Seeks To Offset Fuel Shock Through Tax And Transport Interventions
The Federal Government is deploying tax relief, transport support and targeted fuel-price measures to cushion households and businesses from rising petrol costs, while rejecting calls to restore the fuel subsidy regime.Finance Minister and Coordinating Minister of the Economy, Taiwo Oyedele, said the government would prioritise public transporters under its...
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...
Banks, Fintechs Seek More Time As CBN Data Localisation Deadline Nears
Nigeria’s CBN data localisation policy is entering a critical...
Pension Assets Hit N31.8tn After N289bn Monthly Increase
Nigeria’s pension assets rose by N289.4 billion in August...
FG Cuts Interest On Late Tax Payment From 5% To 1% Above MPR
The federal government has cut the interest spread on...
GENERAL NEWS
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)...
Tinubu Returns To Nigeria Ahead Of Independence Day, 2027 Meetings
President Bola Ahmed Tinubu has ended his working vacation...
GCIOBA, ipNX Provide Campus-Wide Fibre Internet At Government College Ibadan
The Government College Ibadan Old Boys Association (GCIOBA) and...
Ogun, DP World Sign MoUs For $7bn Deep Sea Port, Industrial Zone
The Ogun State Government and DP World, a global...
NECO Releases 2026 SSCE Results, Reports 64.7% Drop In Malpractice
The National Examinations Council (NECO) has released the results...
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...