Business
Nigeria’s GDP Growth Hits 3.46% in Q3 2024
Nigeria’s GDP grew by 3.46% in Q3 2024, led by the services sector’s 5.19% growth. With oil sector been key economic drivers
26 November 2024
Business
Business
Analysts Forecast 50 Basis-Point Rate Hike Amid Surging Inflation
Nigeria’s MPC begins its final 2024 meeting with analysts predicting a 25-50 bps hike in the Monetary Policy Rate to tackle rising inflation
25 November 2024
Business
Zenith Bank Awards N77.5m at 4th Tech Fair Hackathon
Zenith Bank’s Tech Fair 4.0 awards N77.5m to innovative startups, with JumpnPass winning N25m. The event also launched EazyByZenith
24 November 2024
Business
FG Raises Over ₦346 Billion From November 2024 Bond Auction
Nigeria’s Debt Management Office raised ₦346.155 billion in its November 2024 bond auction, reflecting high investor demand and increased marginal rates
22 November 2024
Business
Nigerian Banks Offer 8.18% Interest Rate on Savings Accounts Following CBN Policy Adjustment
Central Bank of Nigeria’s (CBN) monetary policy adjustment to 27.25%, 19 Nigerian banks now offer an 8.18% savings account interest rate.
21 November 2024
Business
Naira Plunges to N1750/$ at Black Market Despite Official Market Gains
Naira weakens to N1750/$ at the black market amid dollar demand pressure, while official markets see a slight recovery to N678.6/$
20 November 2024
Business
Nigerian Telcos Record 40.8% Drop in ARPU
Nigerian telcos face a 40.8% drop in Average Revenue Per User (ARPU) as operational costs soar. MTN Nigeria and Airtel Nigeria suffer declining profit
19 November 2024
Business
Nigerian Crypto Community Applauds Proposed Jail Term Bill for Ponzi Scheme Operators
Nigeria’s cryptocurrency community welcomes the Bill proposing jail terms and fines for Ponzi scheme operators
18 November 2024
Business
Nigeria’s External Debt Hits $42.9bn in Q2 2024 Amid Rising Naira Devaluation
Nigeria’s external debt reached $42.9bn in Q2 2024, rising +2% QoQ and reflecting the naira’s 13% depreciation.
16 November 2024
Business
UBA to Raise N239.4 Billion via Rights Issue to Strengthen Operations
UBA moves for recapitalization and expansion of business operations via offering of rights issue to new and existing shareholders
15 November 2024
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