Business & Economy

Nigeria's commercial lenders parked a record N128.9 trillion with the Central Bank of Nigeria (CBN) in March 2026 through its Standing Deposit Facility (SDF). This doubles the N61.11 trillion deposited...

Airtel has crossed the 650 million mobile subscriber mark worldwide, propelling it to the rank of the second-largest telecom operator by customer base. The company made the announcement in a...

Polaris Bank  has announced scheduled maintenance on its popular digital banking platform, VULTe, which will restrict access for several hours each night from Friday, April 3, through Monday, April 6,...

The Nigerian naira demonstrated remarkable resilience and selective strength against the euro over the past week, closing at ₦1,591.50 per euro after climbing from a weekly low of ₦1,599, according...

Nigeria’s crude oil production has staged a dramatic rebound, surging to approximately 1.84 million barrels per day (bpd) in recent days — a sharp 40.5% increase from the 1.31 million...

Credit to Nigeria’s private sector recorded a marginal increase in February 2026, signalling early signs of recovery in lending activity, though broader trends suggest the sector is still grappling with...

The Central Bank of Nigeria (CBN) has unveiled plans to auction a total of N3.95 trillion in Nigerian Treasury Bills (NTBs) in the second quarter of 2026. According to the...

Frustration is boiling over across Nigeria as citizens endure yet another summer of blackouts, with many households and businesses going days without reliable electricity. The deepening crisis has triggered widespread...

The United Nations Development Programme (UNDP) and the Foundation for Partnership Initiatives in the Niger Delta (PIND) have signed a Memorandum of Understanding aimed at transforming development across Nigeria’s Niger...

Nigeria’s Marine and Blue Economy sector has recorded a dramatic turnaround, with agencies under the ministry generating ₦1.83 trillion in revenue in 2025 — a staggering 160% surge from the...