The Central Bank of Nigeria (CBN) has warned that rising election-related spending and potential oil price shocks could pose upside risks to Nigeria’s inflation outlook.

FG Eyes $5.7bn Investment Deal with China   The Federal Government is deepening negotiations to secure up to $5.7bn in strategic investments from China across critical sectors of the economy, the Ministry of Finance said on Monday. In a statement issued after a meeting in Abuja, the...

Inferno at Lagos Int'l Airport Grounds Travellers   A fire outbreak at the old terminal of the Murtala Muhammed International Airport, Lagos, on Monday disrupted flight operations, stranded passengers, and triggered diversions, compounding travel delays and operational uncertainty across airlines. It was also gathered that at least...

JUST IN: CBN Cuts Interest Rate to 26.5%   The Monetary Policy Committee (MPC) of the Central Bank of Nigeria has reduced the Monetary Policy Rate (MPR) to 26.5 per cent, marking the second rate cut in five months. The decision was announced on Tuesday by the...

Aliko Dangote has announced that ordinary Nigerians will be able to buy shares in the Dangote Refinery within the next four to five months, as the company prepares for listing.

Nigeria’s capital market now contributes 33% to GDP, with total market capitalisation rising to ₦123.93 trillion, up 125% from ₦55 trillion in April 2024, according to the Securities and Exchange Commission (SEC).