Economy & Market
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116Business Confidence Rises as PMI Hits 52.0 in January 2025
Nigerian businesses are maintaining strong confidence in the economy, despite a slight moderation in growth, as the Stanbic IBTC Bank Nigeria Purchasing...
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127FEC Okays ₦758b Bond to Offset Pension Backlog
The Federal Executive Council (FEC) has approved the issuance of a N758 billion bond to offset outstanding pension liabilities for all categories...
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80Active Bank Accounts Up 122.3m to 331.6m in One Year
Nigeria’s banking sector saw a remarkable expansion in 2024, with active accounts surging to 331.6 million by December, reflecting an increase of...
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95Bulls Tighten Grip at the Exchange as ASI Up 0.2%
EQUITIES Bullish sentiments persisted in the local bourse as gains in PRESCO (+6.5%), MTNN (+0.8%), and GTCO (+1.6%) caused a 0.2% increase...
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107FIRS Begins Withholding Tax System
The Federal Inland Revenue Service (FIRS) has announced the commencement of the implementation of the withholding tax system. This is aimed at streamlining tax...
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105Banks Experienced Higher Defaults in Loans Given to SMEs, MSMES in Q4 2024 –CBN
The Central Bank of Nigeria (CBN) on Monday revealed that deposit money banks (DMBs) experienced a significant rise in loan defaults from Small...
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102CBN Extends $25,000 Weekly Forex Sales to BDCs
The Central Bank of Nigeria has extended the temporary access granted to Bureau de Change operators for purchasing foreign exchange from the...
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100FG to Introduce New Loan Initiative for SMEs
The federal government has unveiled plans to introduce a new initiative with the aim of making access to credit facility easier for...
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79Nigeria Will Reduce External Borrowing, Edun Tells World Bank
The Federal Government has informed the World Bank of its desire to reduce Nigeria’s dependence on external debt financing. This is part...
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77Market Opens Week Positive as ASI Up 0.1%
EQUITIES The domestic bourse opened the week on a positive note as bargain hunting in PRESCO (+10.0%) following the release of their...
