Prof. Uche Uwaleke, the President of the Capital Market Academics of Nigeria (CMAN), has described the 50 basis points cut in interest rate by the Monetary Policy Committee (MPC) as a prudent, cautious and credibility-building move. The News Agency of Nigeria (NAN) reports that the Central Bank of Nigeria (CBN)
Nigeria’s external reserves have climbed to 49 billion dollars, reinforcing confidence in the economy and strengthening the Naira amid ongoing reforms in the foreign exchange market. The steady rise is being viewed by analysts as a sign that policy adjustments by the President Bola Tinubu’s administration are beginning to yield
The fintech sector in Nigeria is divided regarding regulations, as revealed by a recent survey conducted by the Central Bank of Nigeria (CBN). According to the survey, 50% of fintech companies believe that regulations promote innovation, while the remaining 50% feel that these rules hinder their progress. This insight comes
The Nigerian Economic Summit Group (NESG) has called on government, industry leaders, and stakeholders to consolidate recent economic stabilisation gains, warning that stability alone is insufficient to deliver prosperity. Speaking at the launch of the 2026 Macroeconomic Outlook, on Thursday in Lagos. the NESG Chairman, Mr Niyi Yusuf, said Nigeria
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) is calling on the Federal Government to privatize the country’s four state-owned oil refineries by early 2026. Billy Gillis-Harry, the group’s National President, highlighted that privatizing these refineries on time could help reduce financial burdens on the government, improve how
The Nigeria Customs Service and the Nigerian Midstream and Downstream Petroleum Regulatory Authority are teaming up to solve the issue of fuel that is supposed to be used locally but is diverted elsewhere. This partnership is a key part of Nigeria’s bigger strategy to improve energy security and boost fuel
By Kadiri Abdulrahman, News Agency of Nigeria (NAN) Monetary and fiscal policies are considered crucial for establishing a robust financial system; hence the need to align them, especially in Nigeria. Experts believe that when these two major macroeconomic levers work in harmony, they create a stable, predictable economic environment that
The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN) has retained the country’s headline lending rate known as the Monetary Policy Rate (MPR) at 27 per cent. In a communiqué issued at the end of the 303rd meeting of the MPC on Tuesday, the CBN Governor, Yemi
The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says the Monetary Policy Department (MPD) of the apex bank has made valuable contributions to its landmark achievements over the years. Cardoso said this on Tuesday in Abuja at MPD 20th Anniversary Colloqium with the theme, Monetary Policy
Ellah Lakes Plc, Nigeria’s pioneering integrated agro-industrial enterprise, on Monday launched a N235 billion offer for subscription on the floor of the Nigerian Exchange Ltd. (NGX). The event took place during a Facts Behind the Offer presentation at the Exchange in Lagos. The initiative reinforced NGX’s role as a catalyst