President Bola Ahmed Tinubu has urged the United Nations to prioritize debt forgiveness for Nigeria and other developing nations, appealing to creditors and multilateral financial institutions to support this initiative. 

Again, CBN Raises Interest Rate to 27.25% The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which benchmarks interest rates, to 27.25 percent — from 26.75 percent Olayemi Cardoso, governor of the apex bank, who doubles...

Jaiz Bank Donates N110m to Borno Flood Victims Nigeria’s premier Non-Interest Bank, Jaiz Bank, has donated the sum of N110 million to support victims of the recent flood disaster that wreaked havoc on Maiduguri and its environs in Borno State. The Bank Board Chairman, Alhaji Mohammed...

Equity Market Begins Week With N79bn Gain   The Nigerian equity market opened the new week with a N79bn gain, driven by appreciation recorded by 32 stocks. At the close of trading on Monday, the market capitalisation was up by 0.14 per cent to N56.5tn and the...

'Why FG Must End Petrol Subsidy Now'   The President and Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the Federal Government to end fuel subsidies completely. He said the removal would help determine the actual petrol consumption in the country, as he confirmed...

Foreign Freight Dominance Costs Nigeria $86bn Annually Nigerian shipowners have said the country is losing about $86bn annually to foreign dominance in the freight forwarding business. They said the Federal Government’s inaction and unfriendly policies had stifled the growth of local operators, resulting in the county’s...