By Providence Ayanfeoluwa The Association of Issuing Houses of Nigeria, AIHN, has said that the Central Bank of Nigeria, CBN, aggressive interest rate hikes boosted investors’ demand for fixed income instruments in 2024. President of the association, Kemi Awodein, speaking during the AIHN’s Annual General Meeting and presentation of 2024 financial statements in Lagos, said […]

By Babajide Komolafe President Bola Tinubu’s bold tax reform initiatives are central to Nigeria’s strategy for economic resilience, Dr. Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service, FRSC, has said. Speaking at the maiden lecture series of the University of Ilesa, Osun State, Adedeji told academics, policymakers, students, and industry leaders at the […]

•Highest in Ogun, lowest in Yobe By Elizabeth Adegbesan Contrary to the feelers in the public space hinting that prices of some food items are going down, the National Bureau of Statistics, NBS, has said that on the average, the prices were going higher in the month of October 2025 as against previous month of September. But […]

The National Bureau of Statistics, NBS, today said headline inflation rate eased by 1.97 percentage points to 16.05 percent in October from 18.02 percent in September 2025.

•Loan book size drops 20.3%, finance cost declines 52.8%   •Profit rebounds to N2.5trn  •Sector’s delinking from real economy, worrisome trend —Muda Yusuf  •Banks’ income may fall below expectations —Adonri  •This is fragile recovery —Egbomeade By Peter Egwuatu, Asst. Business Editor Against the backdrop of high interest rate regime, leading manufacturers have scaled down bank borrowings significantly. Details […]

By Cynthia Alo The Nigeria Customs Service (NCS), Port and Terminal Multiservices Limited (PTML) Command, said on Tuesday it intercepted a cocaine shipment worth N29.4 billion. Comptroller Joe Anani, Area Controller of the PTML Command, told reporters the drugs were discovered in an empty 20-foot container brought in from Freetown, Sierra Leone, during a routine disinfection […]

By Peter Egwuatu  Fidelity Bank Plc has recorded a gross earning of N748,7 billion for the half-year ended 30 June 2025, H1’25,representing a 46% growth from N512.9 billion  recorded in the same period 2024, HI’24. Highlights of the financial results which was uploaded on the Nigerian Exchange Limited, NGX shows that the bank delivered robust results […]

By Godwin Oritse  The Organised Private Sector (OPS) represented by Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has welcomed the introduction of a N20 billion collective insurance bond backed by a consortium of insurers to replace the long-standing container deposit system in Nigeria’s maritime trade.  The new scheme, designed to protect international […]

By Peter Egwuatu  The Nigerian stock  market recorded a significant decline Week on Week, WoW following sell off by institutional investors over the new tax reform, which is expected to raise the Capital Gain Tax, CGT from January next year. Expectedly, the market dropped by 1.7 %, with the Nigerian Exchange Limited, NGX All Share Index […]

Against the backdrop of a high-interest-rate regime, leading manufacturers have scaled down bank borrowings significantly.