BUSINESSMETRIC
Discover more from Business Metrics. Subscribe now to keep reading and get access to the full archive.
MARKETS AND ECONOMY
Nigeria Produces 307m Barrels As Oil Output Rises To 1.74mbpd
Nigeria produced about 307 million barrels of crude oil and condensate between March and August 2026, with daily output rising to 1.74 million barrels per day (mbpd) in June.Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showed that combined crude oil and condensate production averaged about 1.67mbpd during...
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...
Airtel Africa Acquires Additional 798,919 Shares, Total Buyback Hits 19.91m
Airtel Africa Plc has acquired an additional 798,919 ordinary...
NMDPRA Approves 830,000 Tonnes Of Petrol Import Permits For Six Marketers
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)...
FG Targets Lower Transport Fares With CNG And Electric Buses
The Federal Government is working with state governments to...
Dangote Cement Targets 80Mta Capacity By 2030 Across Africa
Dangote Cement Plc plans to expand its production capacity...
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
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...
Sterling Bank Appoints Former NESG, Ecobank Chiefs As Independent Directors
Sterling Financial Holdings Company Plc has appointed former Nigerian...
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...