CPPE Calls on CBN to Lower Interest Rates to Support SMEs
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Central Bank of Nigeria (CBN) to ease its current monetary stance by lowering policy rates...
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Kenyan businesses turn to cash as high loan costs curb borrowing, CBK survey shows
Kenyan businesses are becoming more selective about borrowing, with some firms choosing retained earnings and existing cash flows over bank loans as high operating...
New analysis reveals a 10 per cent drop will wipe $1.3t from property values
Australia’s worst housing downturn since 1983 is expected to drive a significant drop in the country’s wealth, with experts pointing to government policy as a...
Nigeria’s FX Reserves Climb to $42bn, Highest in Six Years
Nigeria’s foreign exchange reserves have surged to $42 billion, marking their highest level in six years, a development that analysts and policymakers describe as...
Manufacturers Record Weak Growth as Sector Credit Falls by N7.72tn Amid Economic Headwinds
Nigeria’s manufacturing sector has continued to face mounting challenges as credit to manufacturers dropped sharply by N7.72 trillion between January and...
Equities Market Gains N822bn in One Week as Investor Confidence Strengthens
Nigeria’s equities market ended last week on a positive trajectory, with investors recording a combined gain of about ₦822 billion. The impressive rally...
Minister Decries Lack of Technicians for 400,000 Imported Meters Amid Power Sector Challenges
Nigeria’s Minister of Power, Chief Adebayo Adelabu, has expressed deep concern over the lack of qualified local technicians to install about 400,000 imported...
World Bank Announces $510m Investment Support Package for Nigeria
The World Bank has unveiled a $510 million investment package designed to stimulate economic growth, support private sector development, and strengthen Nigeria’s...
NGX Market Downturn Wipes Out N322bn as Bearish Sentiment Deepens
The Nigerian Exchange (NGX) closed another volatile session in the red as investors lost an estimated N322 billion in market value, extending a bearish run that has...
Monetary Policy Rate Hike Spurs Renewed Focus on Currency and Inflation Stability
Nigeria’s recent decision by the Central Bank’s Monetary Policy Committee (MPC) to raise the benchmark interest rate has thrust currency and price stability...
Union Bank Completes Redemption of ₦6.31bn Bond, Reaffirms Commitment to Stronger Balance Sheet
Union Bank of Nigeria Plc has successfully redeemed its ₦6.31 billion bond, reinforcing its financial resilience and commitment to prudent debt management in line...
NNPC Urges Marketers to Balance Outstanding Fuel Payments
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has issued a fresh directive to petroleum marketers, instructing them to reconcile and top up any...