CBN cuts interest rate to 27%

Nigeria, Sept. 23 -- Nigeria's central bank reduced its benchmark interest rate by 50 basis points to 27 per cent on Tuesday, ending a run of increases following an aggressive tightening cycle aimed a... Read More

Cardoso's CBN reforms restored confidence, but growth still constrained - CPPE

Nigeria, Sept. 23 -- The Centre for the Promotion of Private Enterprise (CPPE) has commended Central Bank of Nigeria (CBN) governor Yemi Cardoso for reforms that restored confidence in the financial s... Read More

CBN orders banks to name MD/CEOs' successors six months before exit

Nigeria, Sept. 17 -- The Central Bank of Nigeria (CBN) has directed all Domestic Systemically Important Banks to announce successors to their managing directors and chief executive officers (MD/CEOs) ... Read More

Afriland Properties addresses fire Incident at its towers

Nigeria, Sept. 17 -- Afriland Properties Plc confirmed on Wednesday that a fire broke out at its headquarters, Afriland Towers, on Broad Street in Lagos Island, a day after panicked workers smashed wi... Read More

9 rescued, 5 revived after fire on Lagos Island

Nigeria, Sept. 17 -- A fire at Afriland Tower on Broad Street, Lagos Island, sent workers scrambling for survival on Tuesday as smoke swept through the six-storey building. Videos posted online by by... Read More

Oil volatility, trade disputes threaten gains, MPC warns

Nigeria, Sept. 16 -- The CBN's monetary policymakers have warned that recent gains in stabilising the economy could be undermined by global trade tensions, oil market volatility and domestic cost pres... Read More

FG suspends 4% FOB levy on Imports amid Inflation, trade worries

Nigeria, Sept. 16 -- The federal government on Monday suspended the implementation of a 4 per cent Free on Board (FOB) levy on imports after concerns it could fuel inflation and hurt trade competitive... Read More

Shea nut export ban hurting farmers' livelihoods, investor confidence - CPPE

Nigeria, Sept. 14 -- Nigeria's sudden ban on raw shea nut exports is hurting farmers, exporters and investors, according to a new policy brief from the Centre for the Promotion of Private Enterprise (... Read More

Banking, fintech consumers dominate 9,000 complaints in 6 months - FCCPC

Nigeria, Sept. 11 -- The Federal Competition and Consumer Protection Commission (FCCPC) on Thursday released new data showing it received more than 9,000 consumer complaints between March and August, ... Read More

AI, energy transition among Africa's 'opportunities in disguise' - Shettima

Nigeria, Sept. 10 -- Vice President Kashim Shettima on Tuesday said artificial intelligence, energy transition, supply chain disruptions and trade protectionism should be seen as opportunities for Afr... Read More

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