Business
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NDIC Moves to Conclude Liquidation of 89 Defunct Microfinance, Mortgage Banks
Court orders sought as successor institutions take over assets under resolution framework…. The Nigeria Deposit Insurance Corporation has commenced the…
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FG Moves to Clean Up Ad Industry, Enforces 45-Day Payment Rule
ARCON directed to crack down on unpaid debts, boost transparency and protect media businesses…. The Federal Government has ordered tighter…
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Dangote Sounds Alarm: Oil Price Surge Could Ground Airlines, Fuel Food Crisis in Africa
Billionaire warns Hormuz tensions are driving unprecedented volatility, pushing fuel and fertiliser costs to dangerous levels….. Africa’s richest man, Aliko…
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Jet Fuel Crisis Fears Ease as Regulator Insists Supply Is Strong
NMDPRA pushes back on ₦3,300/litre claims, says pricing reflects market forces as airlines warn of shutdown….. The Nigerian Midstream and…
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Rising Inflation Sparks Fresh Fears for Nigerian Businesses – LCCI
March inflation uptick driven by food and transport costs threatens stability, weakens consumer spending power…. The Lagos Chamber of Commerce…
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Nigeria Rules Out IMF Loan as Global Lender Prepares $50bn Lifeline for Struggling Economies
Finance Minister Wale Edun says no plans to take on new debt despite rising global risks and IMF’s call for…
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Oil Prices Crash as Iran Reopens Hormuz, Global Stocks Surge on Ceasefire Hopes
Markets rally as easing tensions in the Gulf revive confidence in oil supply and global trade stability…. Global financial markets…
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CBN Unveils New Overnight Rate to Transform Nigeria’s Money Market
NOFR aims to boost transparency, improve pricing, and align Nigeria with global financial benchmarks… The Central Bank of Nigeria has…
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Tinubu Signs ₦68.32 Trillion 2026 Budget, Extends 2025 Spending Deadline
New appropriation boosts capital projects and security funding as government stretches 2025 budget timeline to complete key infrastructure….. President Bola…
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FG Urges Airlines to Hold Fares, Avoid Shutdown Amid Jet Fuel Crisis
Keyamo calls for calm as government moves to resolve 300% surge in aviation fuel prices…. Nigeria’s federal government has stepped…
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