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CBN reduces interest rate to 26.5%

Nigeria, Feb. 24 -- The Monetary Policy Committee of the Central Bank of Nigeria (CBN) on Tuesday reduced the benchmark interest rate to 26.5 per cent. CBN Governor Olayemi Cardoso announced the deci... Read More


Industrial & Medical Gases appoints acting managing director

Nigeria, Feb. 23 -- The management of Industrial & Medical Gases (IMG) Plc has announced the appointment of Abayomi Oke as its acting managing director on Monday. The company revealed the appointment... Read More


CPPE speaks on capital importation surge, raises structural concerns

Nigeria, Feb. 22 -- The Centre for the Promotion of Private Enterprise (CPPE) has described the surge in Nigeria's capital importation in the third quarter of 2025 as a positive outcome of recent macr... Read More


FG to review MTN's acquisition of IHS Towers

Nigeria, Feb. 18 -- The federal government has revealed its plan to review MTN's acquisition of IHS Towers to ensure the alignment of the deal with Nigeria's telecommunications development goals. The... Read More


Nigeria's food inflation drops to 14-year low

Nigeria, Feb. 17 -- Nigeria recorded single-digit food inflation of 8.89 per cent in January, after over a decade of high staple food prices, a report by the National Bureau of Statistics (NBS) showed... Read More


Access Bank's bid to acquire Bidvest Bank collapses amid regulatory setbacks

Nigeria, Feb. 10 -- Access Bank's proposed acquisition of a 100 per cent stake in Bidvest Bank has collapsed after both parties failed to fulfill the required regulatory conditions. Access Holdings P... Read More


BoI secures CBN approval to operate non-interest banking window

Nigeria, Feb. 9 -- The Central Bank of Nigeria (CBN) has given regulatory approval to the Bank of Industry (BoI) to operate a Non-Interest Banking (NIB) Window as part of its operations. The approval... Read More


CPPE warns against compulsory domestic value addition

Nigeria, Feb. 8 -- The Centre for the Promotion of Private Enterprise (CPPE) has cautioned against compulsory domestic processing of primary commodities without adequate local capacity. The body warn... Read More


ICAN to promote professional excellence as driver of economic reform

Nigeria, Feb. 5 -- The Institute of Chartered Accountants of Nigeria (ICAN) has revealed its plans to align professional excellence with contributions to the growth of the Nigerian and global economy.... Read More


Why cement prices are high in Nigeria - Agora Policy

Nigeria, Feb. 4 -- A report by the policy think tank Agora Policy has blamed weak competition in Nigeria's cement industry for persistently high cement prices and rising construction costs nationwide.... Read More