•As credit costs rise in key sectors despite stable deposits rate By Babajide Komolafe Manufacturers and operators in the agricultural sector are facing interest rates of up to 60 per cent, according to latest data on deposit and lending rates released by the Central Bank of Nigeria, CBN. The data, among other things, revealed sharp increases in […]

Fresh turmoil engulfed the National Assembly yesterday, as minority members of the House of Representatives staged a dramatic walk-out over contentious provisions in the Electoral Act Amendment Bill, even as police tear-gassed protesters demanding mandatory electronic transmission of results ahead of the 2027 general election.

Stakeholders in the financial sector have said banking recapitalisation can be used as a catalyst to transform the country’s economy. Country Director of World Bank in Nigeria, Mr Matthew Verghis, said a stronger banking system would provide the foundation to finance Nigeria’s long-term ambitions, including MSME growth, expansion of productive capacity and large-scale infrastructure development. […]

Dangote Group has signed a $400 million construction equipment agreement with XCMG Construction Machinery Co., Ltd., one of China’s leading manufacturers of construction machinery, in a move set to accelerate the expansion of the Dangote Petroleum Refinery & Petrochemicals from 650,000 barrels per day to 1.4 million barrels per day, positioning it to become the largest refinery in the world.

The South East Renewed Hope Agenda (SERHA) has sponsored Joint Admissions and Matriculation Board (JAMB) registration fees for 10,000 students in Enugu State, in a bid to remove financial barriers to tertiary education.