Interest rate to remain high amid inflationary pressures — United Capital
By Peter Egwuatu United Capital Plc, has indicated that interest rate in Nigeria is expected to remain high at the backdrop of inflationary pressures in the second half of 2026 H2’26. Speaking at its investor relations roundtable, held in Lagos, with the theme: “Decoding performance insights into United Capital Growth Drives and outlook”, the company’s Group […]
Nigeria’s new tax laws to boost competitiveness, attract investments — FIRS
By Babajide Komolafe The Federal Inland Revenue Service (FIRS) has stated that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments and improve long-term fiscal stability. The agency also clarified that the much-debated 4% development levy on imported goods is not a new or additional tax burden, but a streamlined consolidation of […]
NGX broadens market reach, introduces CP listings
By Peter Egwuatu Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP) listings, following approval from the Securities and Exchange Commission, SEC, marking another significant expansion of its product suite. This development deepens Nigeria’s short-term debt market and reinforces NGX’s role as a versatile hub for capital formation. The new listing window enables corporates and issuers […]
Business Performance Index climbs to 113.3pts, as trade drives expansion —NESG report
By Babajide Komolafe Nigeria’s business confidence continued its upward trajectory, as the Business Performance Index rose to 113.3 points in November, up from 111.3 points in October, according to the latest report of the Nigeria Economic Summit Group (NESG) Business Confidence Monitor (BCM). The report stated: “Nigeria’s business environment maintained its expansionary trajectory in November […]
CBN removes limit on cash deposit, raises weekly withdrawal limit
By Babajide Komolafe, Economy Editor The Central Bank of Nigeria, CBN, yesterday removed the limit on cash deposit and raised the weekly cash withdrawal limits across all channels to N500,000 from N100,000. The apex bank disclosed this in a circular to all banks titled, “Revised Cash-Related Policies”, signed by Dr. Rita Sike, Director, Financial Policy & […]
Cost of a Healthy Diet rises 27% to N1,611/day
By Elizabeth Adegbesan The Cost of a Healthy Diet (CoHD) rose by 27.3 percent year-on-year, YoY, to N1,611 per adult per day in July 2025 from N1,265 per adult per day in July 2024. The National Bureau of Statistics (NBS) disclosed this in its CoHD report for July 2025. The NBS said: “The national average Cost […]
