CBN: 75% of Nigerian businesses struggle with high interest rates in January 2025
About 75% of businesses have identified high interest rates as their primary operational constraint in January 2025.
Nigeria’s consumer credit hits N4.42 trillion in November 2024, driven by inflation expectations – CBN
Nigeria’s consumer credit outstanding rose significantly by 26.29% to N4.42 trillion in November 2024, up from the previous month.
Tinubu rejects proposal to split AU’s Political Affairs, Peace, and Security Department at 38th Summit
President Bola Tinubu opposed a proposal to divide the Department of Political Affairs, Peace, and Security (PAPS) into two separate...
Group demands probe into alleged N7.7 billion misappropriation at Nigerian Content Development and Monitoring Board
The Centre for Public Accountability (CPA), in collaboration with other civic groups, has called for an investigation into alleged financial...
CBN reveals 85.5% of large businesses in Nigeria perceive inflation as high
An overwhelming 85.5% of large businesses in the country perceive inflation levels to be high, which demonstrates the persistent economic...
Reverse increase in ATM transaction fees within 48 hours or face legal action – SERAP warns CBN
The Socio-Economic Rights and Accountability Project (SERAP) has issued a 48-hour ultimatum to the Central Bank of Nigeria (CBN), demanding...
Civic group says 70% of rural households in Nigeria rely on firewood, endangering lives
Over 70% of rural households in Nigeria still rely on firewood as their primary cooking fuel, exposing women and children...
Investments in green technology will transform North-East landscape – VP Shettima tells NEDC
Vice President Kashim Shettima has stated that strategic investments in green technology will significantly transform the North-East landscape. He made...
Exchange rate stabilises as Naira holds at N1,570/$1 in parallel market
The Nigerian naira has demonstrated relative stability in the parallel market, trading at N1,570 per US dollar from Wednesday through...
President Tinubu arrives Ethiopia for 38th AU Summit
President Bola Ahmed Tinubu arrived in Ethiopia on Thursday night to participate in the 38th Ordinary Session of the Assembly...
