The Central Bank of Nigeria has cut the Monetary Policy Rate from 26.5% to 23%, signalling a major shift in monetary policy as inflation moderates.
Tag: Nigeria Economy
Nigeria Urges Vietnam to Raise Bilateral Trade to $2 Billion as Economic Ties Deepen!
Nigeria urges Vietnam to increase bilateral trade to $2 billion as both countries strengthen economic cooperation, investment and business ties after 50 years of diplomatic relations.
2027: SDP Pledges to Rebuild and Transform Nigeria, Sets Out Plan on Poverty, Insecurity and Economy!
SDP presidential candidate Adewole Adebayo has outlined the party’s 2027 blueprint to address poverty, insecurity, electricity, jobs and economic productivity in Nigeria.
Energy Costs Rise as Cooking Gas Hits ₦1,500/kg in Parts of Nigeria!
Cooking gas prices have reached about ₦1,500 per kilogramme in parts of Nigeria, putting additional pressure on households and businesses amid changing LPG supply and depot costs.
NGX Opens Week Bullish as Market Capitalisation Gains N160bn Despite Mixed Trading!
The NGX opened the week bullish, gaining N160 billion in market capitalisation as Nestlé Nigeria, NGX Group and other stocks supported the Nigerian equities market despite negative market.
Nigeria’s Return to J.P. Morgan Bond Index Could Boost Capital Inflows and Lower Borrowing Costs!
Nigeria’s return to a J.P. Morgan emerging-market bond index could attract foreign capital, improve bond-market liquidity and help reduce government borrowing costs.
Dangote: I Want to Be Known for Creating Wealth for Africans, Not Simply Being the Richest!
Aliko Dangote says he wants to be remembered for creating wealth for Africans, as his refinery launches a landmark IPO designed to broaden public ownership.