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 […]
Cardoso: Nigeria attracts $20.98bn foreign capital inflow in 10months
Nigeria recorded a major rebound in external investor confidence as foreign capital inflows surged to $20.98 billion in the first ten months of 2025, the highest in years, according to the Central Bank Governor, Mr. Olayemi Cardoso.
Nigeria posts 38% Company Income Tax growth in H1 2025 – NBS
Nigeria generated N4.76 trillion in company income tax (CIT) in the first half of 2025, marking a 38 per cent rise from the N3.45 trillion recorded in the same period of 2024, according to fresh data from the National Bureau of Statistics (NBS).
Top 10 banks grow savings deposits to N33trn
•Tier-2 banks lead rise in deposit •Two banks record decline By Babajide Komolafe, Economy Editor Top ten banks in Nigeria have accumulated N33.24 trillion in savings deposits in the nine months ending September 2025, a 6.8 per cent increase from N31.13 trillion in the same period of 2024. A breakdown of the financial statements of the banks […]
NUPRC appraises impact of PIA as IEA underscores sector transformation
By Obas Esiedesa, Abuja The International Energy Agency (IEA) has commended ongoing reforms in Nigeria’s upstream petroleum sector, as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) explained how the Petroleum Industry Act (PIA) 2021 has fundamentally reshaped governance, improved transparency, and strengthened investor confidence in the industry. A statement by the Commission on Wednesday said a […]
Dangote contracts SAIPEM, EIL, others for fertiliser expansion in Nigeria, Ethiopia
By Udeme Akpan Dangote Group has put in place a series of strategic technical partnerships to support the next phase of expansion of its fertiliser operations in Nigeria, as well as the development of new fertiliser plants in Ethiopia. The company said the collaborations mark a significant step in its long term plan to strengthen regional […]
