Economy

Investors still bet big on T-bills post-MPC rate cut

Investors seeking high-yield havens in Nigeria’s fixed-income market received a shot of optimism on Wednesday, as the latest Treasury Bills…

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Union Bank expands wellness drive nationwide with FitFeb finale

Union Bank of Nigeria has concluded the 2026 edition of its FitFeb wellness programme with coordinated health walks and fitness…

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Nigeria money supply hits four-month low as CBN drains banking liquidity

Nigeria’s money supply fell to a four-month low in January as the Central Bank of Nigeria (CBN) intensified aggressive liquidity…

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CBN adds locally refined LBMA-standard Gold to reserves

…As Cardoso advocates reforms to unlock Nigeria’s mineral potential The Central Bank of Nigeria (CBN) has taken delivery of responsibly…

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BUA Cement tops most profitable cement maker in 2025

BUA Cement Plc, the second-largest cement manufacturer in Nigeria, outperformed industry peers to become the most profitable cement maker by…

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Inflation renders small notes obsolete in stealth redenomination

Officially, Nigeria still uses N5, N10, N20, and N50 notes. On the streets, they are gone. Not by law. Not…

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Tantalizers hits first profit in 6 years as expansion plans pay off

Tantalizers Plc, one of Nigeria’s quick-service restaurants (QSRs), has returned to profitability after six consecutive years of losses, as the…

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Manufacturing, mining sectors paid highest Company Income Tax in Nigeria in Q3 2025

Nigeria’s federal government collected a total of N2.96 trillion as Company Income Tax (CIT) in the third quarter of 2025,…

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Dangote Sugar pares losses as naira stabilises, margins recover

Dangote Sugar Refinery Plc is showing early signs of stabilisation after two bruising years triggered by the naira’s devaluation, with…

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Business confidence hits one-year high on rate cut, bank recapitalisation drive

Nigeria’s business confidence rose to its strongest level in more than a year in February 2026, driven by expectations of…

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