Nigeria economy
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Economy
Wema Bank Gets ‘A’ Rating Upgrade from Agusto & Co.
Agusto & Co. has upgraded Wema Bank’s long-term credit rating from A- to A, marking a significant milestone for the…
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Economy
Nigeria 305th Monetary Policy Committee Briefing May 2026
The Central Bank of Nigeria (CBN) has opted to maintain its benchmark interest rate at 26.5% following the conclusion of…
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Economy
Economists Commend CBN on Sustained External Reserves Amid Global Shocks
Economists have commended the Central Bank of Nigeria (CBN) for sustaining the country’s external reserves at 48.54 billion dollars amid…
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Economy
Nigeria’s Tax Revenue Reaches N7.44tn in Q1 2026, Falls Short by N2.24tn
Nigeria generated N7.44 trillion in tax revenue in the first quarter of 2026, falling short of its prorated budget target…
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Economy
Oando Stock Hits Limit-Up With +10% Surge on Heavy Trading Volume
Shares of Oando Plc surged to their daily maximum limit on Monday, closing with a 10% gain on the Nigerian…
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Economy
DMO Auctions ₦600 Billion in Reopened Bonds as Yields Climb to 22.60%
Nigeria’s Debt Management Office (DMO) has launched an auction of ₦600 billion worth of reopened Federal Government bonds, with yields…
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Economy
CAC Unveils Direct Payment Option on Business Registration Portal
The Corporate Affairs Commission (CAC) has unveiled a direct payment feature on its Intelligent Company Registration Portal (iCRP), replacing the…
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Economy
NNPC Seals Deal with Chinese Firms to Fix Refineries After $2.4bn Spent
The Nigerian National Petroleum Company Limited (NNPC) has signed a Memorandum of Understanding (MoU) with two Chinese firms to rehabilitate…
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Economy
Jim Ovia Retires as Zenith Bank Chairman After 12-Year Tenure
Jim Ovia, the founder and Group Chairman of Zenith Bank Plc, has officially retired from his position after completing a…
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Energy
NNPC Posts N276bn Profit as Gas Output Rises in March 2026
The Nigerian National Petroleum Company Limited (NNPC) has reported a profit after tax of N276 billion for March 2026, as…
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