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Nigerian banks quick to raise lending rate, but slow to reduce it, says IMF
The International Monetary Fund (IMF) says Nigerian banks raise lending rates rapidly when monetary policy is tightened but are slower ...Seplat Energy names Tony Elumelu chairman, Effiong Okon CEO
Seplat Energy has announced the appointment of billionaire businessman, Tony Elumelu, as the next Chairman of the company, with effect ...Zedvance commits 100% loan portfolio to SME’s
Zedvance commits 100% loan portfolio to SME’s The Group Managing Director of Zedcrest, parent company of Zedvance, Adedayo Amzat, has ...World Environmental Day: UBA plants trees in iconic Lagos Schools
Ebun Emmanuel –June 07,2026 In commemoration of World Environment Day 2026, the UBA Foundation, the Corporate Social Responsibility arm of ...Food prices jump in April 2026 — NBS
The National Bureau of Statistics says prices of tomatoes, beans, garri, onions, ginger, and other food items recorded month-on-month increases ...Oil price jumps amid renewed US-Iran tensions
Oil prices rebounded on Tuesday after the United States carried out what it described as defensive strikes in southern Iran, ...Bayelsa owned airline begins non-scheduled flight
Ebun Emmanuel – May 26, 2026 Bayelsa state owned Pioneer Airlines has commenced non-scheduled flight operations with one of the ...NCAA suspends services to Air Peace, Ibom Air, nine others over debts
The Nigeria Civil Aviation Authority has directed its directorates to suspend services to 11 domestic airlines, placing them on its ...Otedola to invest $100m in Dangote refinery
Femi Otedola, chairman of First HoldCo, has revealed he will invest $100 million in Dangote refinery. He announced his plans ...CBN Retains Interest Rates at 26.5%
The Monetary Policy Committee of the Central Bank of Nigeria has retained Monetary Policy Rates (MPR) otherwise know as interest ...
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