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Finance & Economy - Page 280

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

Nigerian Banks Rely More On Liquidity, As Borrowing From CBN Rises To N19.8trn

Finance & Economy

Nigerian Banks Best Among BRICS Peers In Average ROA, ROE- Afrinvest

….Egypt, Ghana, South Africa Better Capitalized Than Nigerian Banks Despite the heightened macroeconomic vulnerabilities for business operations, Nigerian banks emerged as the best among its BRICS peers with an average Return on Assets (ROA) and Return on Equity (ROE) of 15.9 per

November 25, 2021

Finance & Economy·News

Obasanjo Canvasses Made-in-Africa Brand For Continental Products Pride

The third day of the Intra-African Trade Fair 2021 (IATF2021) ended with a clarion call by former Nigerian President Olusegun Obasanjo for creation of an emblematic Made-in-Africa brand that would promote intra-African trade and boost exports for African products. Speaking during a

November 25, 2021

TECH: Edo Deepens Investments Against Future pandemics, Says Obaseki

Finance & Economy

31 Edo Firms Get BOI’s N2bn MSME Fund

THIRTY-ONE firms in Edo State have received letters to benefit from N2 billion Micro, Small, and Medium Enterprises (MSME) Fund being provided by Federal Government’s Bank of Industry (BOI) in partnership with the Edo State Government. The 31 businesses got the letters

November 25, 2021

Finance & Economy·World News

World Bank Makes 7 Strong Policy Recommendations For Nigeria

FOLLOWING its economic report on Nigeria that showed how inflationary shocks pushed eight million more Nigerians into extreme poverty in less than two years, the World Bank has advised that the Federal Government take important decisions regarding the formulation and management of

November 25, 2021

Nigerian Equity Market Records First Gain This Week

Currency·Markets

Foreign Exchange Update: Nov. 25, 2021

According to the data published on the FMDQ Security Exchange where foreign exchange (forex) is officially traded, the exchange rate between the Naira and the US dollar showed that the naira opened at N413.58 per dollar on Thursday, 25 November 2021, after

November 25, 2021

Finance & Economy

Despite 92.51% Contribution of Non-oil Sector To Q3 GDP, Productivity Still Low – CPPE

Report of Nigeria's Gross Domestic Product (GDP) in the third quarter of 2021indicated that non-Oil sector of the economy accounted for 92.51 percent, but there is low productivity in the sector, as organised private sector observed.

November 25, 2021

Finance & Economy

Inflation Shocks Push 8 Million More Nigerians Into Poverty Under 2 Years

Nigeria has worst revenue-to-GDP ratio among 115 countries monitored by the World Bank The World Bank has said that Nigeria has the worst revenue-to-GDP ratio among 115 countries it monitored. Economists use Gross Domestic Product (GDP) to measure the monetary value of final

November 24, 2021

Finance & Economy

Nigeria’s Top 5 Banks’ Earnings Rise Above N1.5trn, Profit Up By 39.4%

Despite the backdrop of the positive growth reported for the Nigerian economy in the second quarter 2021 amidst the adverse effect of the COVID-19 pandemic and the drop in Nigeria oil production, a few numbers of commercial banks have recorded impressive growth

November 24, 2021

Finance & Economy

CBN Retains MPR At 11.5%, Holds Other Parameters Constant

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 11.5%, while keeping all other monetary parameters constant. The CBN Governor, Godwin Emefiele, disclosed this in a statement at the end of the 282nd

November 24, 2021

Finance & Economy

YANGA ACCOUNT: Retail Lender, Unity Bank Targets Nigeria’s 21 million ‘Excluded’ Women

The new Yanga Account will incorporate affordable health insurance scheme for women and seek to deepen penetration currently crawling at two per cent In its continuing demonstration of commitment to financial inclusion and women empowerment, Nigeria’s retail lender, Unity Bank Plc has

November 24, 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 280

What Nigeria’s 15.10% Inflation Rate Drop Means

Nigerian Banks Best Among BRICS Peers In Average ROA, ROE- Afrinvest

Obasanjo Canvasses Made-in-Africa Brand For Continental Products Pride

31 Edo Firms Get BOI’s N2bn MSME Fund

World Bank Makes 7 Strong Policy Recommendations For Nigeria

Foreign Exchange Update: Nov. 25, 2021

Despite 92.51% Contribution of Non-oil Sector To Q3 GDP, Productivity Still Low – CPPE

Inflation Shocks Push 8 Million More Nigerians Into Poverty Under 2 Years

Nigeria’s Top 5 Banks’ Earnings Rise Above N1.5trn, Profit Up By 39.4%

CBN Retains MPR At 11.5%, Holds Other Parameters Constant

YANGA ACCOUNT: Retail Lender, Unity Bank Targets Nigeria’s 21 million ‘Excluded’ Women

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

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

US Freezes Assets of Eight Nigerians Over Links to Terrorism

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