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 a liquidity shortfall in the...

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 designed to make housing more...

‎EXCLUSIVE: Real Reasons Dollar is Crashing Against the Naira ‎ ‎The Naira has been gaining grounds against the Dollar in recent weeks, reflecting significant shift in the country’s foreign exchange market. ‎ ‎In the parallel market on Friday, the Naira appreciated by N20, trading at N1,540/$1 from N1,600/$1...

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. This notable accomplishment is the...

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 performances across several of its...

Manufacturers Push for DisCos Review Amidst Proposed Tariff Hike   The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to review the performance of electricity distribution companies in light of their investment in distribution infrastructure, following reports of a planned increase in electricity...