BUSINESSMETRIC

Discover more from Business Metrics. Subscribe now to keep reading and get access to the full archive.

MARKETS AND ECONOMY

FG Targets 7% Economic Growth as IMF Projects 4.3% for Nigeria in 2027

 Nigeria’s Federal Government has set a 7 per cent economic growth target, exceeding the International Monetary Fund’s (IMF) projection of 4.3 per cent for 2027, as it seeks to accelerate economic expansion through ongoing reforms and lower inflation.The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele,...

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...

Nigeria’s Crude Oil Output Hits 1.53m bpd in September, Exceeds OPEC Quota for Fifth Month

Nigeria’s crude oil production averaged 1.53 million barrels per...

NNPC’s Interest Payments on Crude-Backed Deals Surge 171.4% to N686.94bn in 2025

 The Nigerian National Petroleum Company Limited (NNPC) spent N686.94...

IMF Projects Nigeria’s GDP Growth at 4.3% in 2027 as Inflation Eases to 14.7%

 The International Monetary Fund (IMF) has projected Nigeria’s economic...

Dangote Refinery Extends IPO Deadline by Two Weeks to October 27

 Dangote Refinery has extended the closing date of its...

Tech World

FINANCE

Nigeria’s Foreign Reserves Hit $55.1bn, Highest in 18 Years – Cardoso

 Nigeria’s foreign exchange reserves have risen to $55.1 billion, their highest level in 18 years, as the Central Bank of Nigeria (CBN) says the country’s stronger external buffers are helping protect the economy from global shocks.Olayemi Cardoso, governor of the CBN, disclosed this at the IMF–World Bank Annual Meetings...

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...

Banks, Fintechs Seek More Time As CBN Data Localisation Deadline Nears

 Nigeria’s CBN data localisation policy is entering a critical...

GENERAL NEWS

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)...

Tinubu Returns To Nigeria Ahead Of Independence Day, 2027 Meetings

 President Bola Ahmed Tinubu has ended his working vacation...

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