Sunday, June 21, 2026
Food inflation persists in Nigeria as NBS reports continued increases across staple foods in June
Business a.m. The National Bureau of Statistics (NBS) has revealed that prices of common food items including rice, garri, tomato,...
Read moreDetailsDisCos net N291bn, 79.11% billing efficiency amid 673 megawatts loss in Q1’24
Business a.m. Nigerian Electricity Distribution Companies (DisCos) surpassed their revenue collection targets in the first quarter of 2024, generating N291.62...
Read moreDetailsCBN hikes MPR by 50 basis points to 26.75%
Business a.m. The Central Bank of Nigeria (CBN) has once again hiked its monetary policy rate (MPR), marking the 11th...
Read moreDetailsSenate approves N70,000 minimum wage bill
Business a.m. The senate has officially approved a bill that seeks to amend the National Minimum Wage Act of 2019....
Read moreDetailsHawkish MPC rate expectation, but Afrinvest, Uwaleke, Yusuf vote ‘HOLD’
CBN conventional inflation tool failing Aggressive rate hike taking toll on production Monetary policy instrument overstretched But 25bps to...
Read moreDetailsTinubu’s sneaky FX windfall tax unsettles Nigerian banks
ONOME AMUGE IN LAGOS, NIGERIA Faced with a persistent fiscal shortfall, the Nigerian government has devised a daring strategy to...
Read moreDetailsTech failure ground airlines, banks, media as outage ripples across globe
Business a.m. A worldwide technological breakdown on Friday brought flights to a halt, crippled banking and healthcare systems, and silenced...
Read moreDetailsNigeria taps AfCFTA Guided Trade Initiative to fuel economic growth, continental leadership
Business a.m. Doris Uzoka-Anite, minister of industry, trade, and investment; George Akume, secretary to the government of the federation; and...
Read moreDetailsTinubu, organised labour agree on N70,000 new minimum wage
Business a.m. The federal government and representatives of Nigeria’s organised labour , the Nigeria Labour Congress (NLC) and Trade Union...
Read moreDetailsUNCTAD projects $1trn boost to global economy in 2024 as trade grows 2% worldwide
Onome Amuge The United Nations Trade & Development (UNCTAD) has predicted a two percent growth in trade for the first...
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