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Finance & Economy - Page 274

Finance & Economy·News·Nigeria·Top Stories

What Nigeria’s 15.10% Inflation Rate Drop Means

Nigeria’s headline inflation rate fell to 15.10% in January 2026, the latest figures from the National Bureau of Statistics (NBS) show, extending a run of gradual declines that has lasted for almost a year. The figure is slightly lower than the 15.15%

February 16, 2026

Oil & Gas

Oil Price Drops To $73 On Omicron Concerns

Emerging reports have claimed that the price of crude oil dropped amid surging cases of Omicron coronavirus variant. The reports read that that Brent Crude futures plunged by 1.61 percent to $73.41 per barrel at 4:09 pm, while U.S. West Texas Intermediate

December 17, 2021

Finance & Economy

Access Bank Restructures Into Holding Company, Prepares For Future Challenges

In line with global best practices, Access Bank Group is restructuring into a non-operating financial holding company. The holding company, to be known as Access Holding Company, would serve as the parent company for the banking group (Access Bank and its subsidiaries).

December 17, 2021

Finance & Economy·News

U.S. Announces Two Opportunities for Nigerian Agribusinesses

AS part of efforts to support the food industry and agribusiness value chain in Nigeria, the Foreign Agricultural Service of the U.S. Mission in Nigeria is highlighting two opportunities for Nigerian agribusiness to attend Gulfood Show 2022 from February 13-17 and Agribusiness

December 16, 2021

Finance & Economy

Wema Bank Increases Loan Offering For Women In Small Businesses

To support women entrepreneurs, Wema Bank is taking measures that will revamp its 9% Loan Offering for Female owners of small and medium-scale enterprises (SMEs). The revamped offer includes a longer tenor, easier access and requires no guarantor or collateral in accessing

December 16, 2021

Finance & Economy

Bankers Seek Stronger Economy In 2022

The Bankers Committee in it’s two-day meeting that ended Wednesday afternoon shared ideas on new ways to contribute to the growth of the Nigerian economy while making it more resilient to withstand probable shocks that may be occasioned by the latest COVID-19

December 16, 2021

Finance & Economy·News

Headline Inflation Decreases To 15.40% In November – NBS

Statistician-General of the Federation, Mr Simon Harry has said that the National Bureau of Statistics (NBS) report for November, revealed that Inflation decreased by 0.59 per cent to 15.40 per cent.

December 16, 2021

Oil & Gas

Nigeria’s Oil Production Increases By 2.55 Million Barrels – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday said crude oil production in Nigeria increased by about 2.55 million barrels in the month of November 2021. OPEC noted that the country’s crude oil production rose by 85,000 barrels to 1,420,000 barrels

December 15, 2021

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1 2023

Finance & Economy

Banks Record N1.3tn Non-Performing Loans – CBN

Commercial Banks in Nigeria, according to the Central Bank of Nigeria, recorded non-performing loans of N1.3tn as of November which is still currently above the industry benchmark. Figures obtained from the CBN on Monday showed that the bad loans represented 5.4 per

December 14, 2021

Oil & Gas

NNPC To Stop Rising Cooking Gas Price, Increase Supply

The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, disclosed that the NNPC was making efforts to increase the supply of Liquefied Petroleum Gas, popularly called cooking gas, in a bid to force down its price. Kyari, who

December 14, 2021

Finance & Economy

Nigeria Earmarks N41billion For Heritage Bank’s Dry Season Wheat Farmers

High demand and poor production capacity of wheat have propelled an allotment of N41billion already being disbursed by Heritage Bank Plc to farmers across multiple states to expand the wheat production project. The Central Bank of Nigeria’s disbursed fund is to actualise

December 14, 2021

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Finance & Economy - Page 274

What Nigeria’s 15.10% Inflation Rate Drop Means

Oil Price Drops To $73 On Omicron Concerns

Access Bank Restructures Into Holding Company, Prepares For Future Challenges

U.S. Announces Two Opportunities for Nigerian Agribusinesses

Wema Bank Increases Loan Offering For Women In Small Businesses

Bankers Seek Stronger Economy In 2022

Headline Inflation Decreases To 15.40% In November – NBS

Nigeria’s Oil Production Increases By 2.55 Million Barrels – OPEC

Banks Record N1.3tn Non-Performing Loans – CBN

NNPC To Stop Rising Cooking Gas Price, Increase Supply

Nigeria Earmarks N41billion For Heritage Bank’s Dry Season Wheat Farmers

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