Business

FG raises N728.9bn in second bond issuance for power sector debt

FG raises N728.9bn in second bond issuance for power sector debt

By Ediri Ejoh with Agency report The Federal Government (FG) has raised N728.9 billion in bonds as part of its funding process to offset the N4 trillion legacy debt it owed electricity Generation Companies, GENCOs. Speaking at the bond launch in Abuja, TaiwoOyedele, Minister of Finance and Coordinating Minister of the Economy, said the Series-2 […]
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High interest rates put Nigerian manufacturers at competitive disadvantage — MAN

High interest rates put Nigerian manufacturers at competitive disadvantage — MAN

…Seeks further MPR cut, special financing window    The Manufacturers Association of Nigeria (MAN) have continued to bemoan the high interest rates in the country, noting that the situation has place the nation’s manufacturing sector at a competitive disadvantage against other countries of the world. Director General of MAN, Segun Ajayi-Kadir, noted this while expressing optimism […]

Binding constraints slowdown manufacturing activities in September — REPORT

Binding constraints slowdown manufacturing activities in September — REPORT

By Yinka Kolawole There was a marginal decline in expansion of the manufacturing sector in September driven largely by weakness in key sub-sectors of the ecosystem occasioned by binding constraints. This was revealed in the NESG-Stanbic IBTC Business Confidence Monitor (BCM) Index for the Manufacturing sector in September 2025, which signaled that the sector recorded a slowdown […]

NDIC covers 99 % commercial banks’ deposits — MD

NDIC covers 99 % commercial banks’ deposits — MD

…Warns against Ponzi schemes   By Emma Ujah & Favour Isaac   The Nigeria Deposit Insurance Corporation (NDIC) currently provides full insurance cover for 98.98 percent of total customer deposits in Deposit Money Banks. The Managing Director of the Corporation,  Mr. Thompson Sunday, revealed this at the NDIC Special Day at the ongoing 20th Abuja International Trade Fair, […]