Banks Borrow N1.2trn From CBN in One Day Amid Liquidity Pressure   Owing to liquidity challenge, Nigerian Deposit Money Banks (DMBs) have made the largest single withdrawal of N1.2 trillion from the Central Bank’s (CBN) Standing Lending Facility (SLF) to fund operations due to...

FG Sets 12% Interest Rate for N1trn Housing Loans   The Federal Government has announced a N1 trillion real estate funds aimed at facilitating home ownership through the provision of low-interest loans at a 12per cent interest rate. This initiative is...

FG Predicts Economic Uplift as Tax Bills Take Effect   Experts in law and finance, including high-ranking government officials, emphasize the crucial role that law plays in driving economic growth and prosperity in Nigeria. This is just as the federal government reiterated...

NNPCL, JV Partner to Minimize Gas Flaring by 96%   The Nigerian National Petroleum Company Limited (NNPCL) has achieved a significant milestone in reducing gas flaring, announcing a remarkable 96% decrease at the Anyala (OML 83) and Madu (OML 85) fields....

Nigeria's Consumer Goods Market Hits New High of N11.1bn   The Nigerian Exchange (NGX) has witnessed a significant milestone, with the consumer goods sector reaching a record total market capitalization of N11.1 billion. As of the latest trading data, the sector is experiencing increased...

World Bank Urges FG to Ease Private Sector Constraints   The World Bank has called on the Federal Government to tackle major obstacles stifling private sector growth in Nigeria. By implementing reforms in crucial sectors, the country could unlock billions of...