Economy

Sub-Saharan Africa Investment Banking Fees Drop 32.8% to $106.9 Million

Sub-Saharan Africa’s investment banking industry recorded a sharp decline in revenue in the first quarter of 2026 with total fees…

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Nigeria Inflation Rises to 15.38% in March as Monthly Price Pressure Accelerates

Nigeria’s inflation rate increased to 15.38 percent in March 2026 from 15.06 percent in February as price pressures intensified on a…

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IMF Lowers Nigeria’s 2026 Growth Forecast, Says Oil Gains Not Enough

The International Monetary Fund has lowered Nigeria’s 2026 economic growth forecast to 4.1 percent from 4.4 percent, citing mounting external…

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FG to Reduce Tariffs on Food and Vehicles to Lower Cost of Living

The policy, expected to take effect from July 2026, will see reduced duties on essential commodities such as rice, sugar…

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Fuel Prices Jump 50%, Diesel 70% as Global Oil Shock Hits Nigerian Economy

Nigeria’s domestic fuel market has come under renewed pressure following the escalation in global oil prices with petrol and diesel…

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Fidelity Bank Delays 2025 Audited Results, Keeps Insider Trading Window Closed

Fidelity Bank Plc has announced a delay in the publication of its audited financial statements for the year ended December…

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AfCFTA Momentum Lifts Africa’s Intra-Trade Outlook to $230 Billion by 2026

The African Continental Free Trade Area is reshaping the trajectory of commerce across the continent with intra-African trade projected to…

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World Bank Projects 4.2% Growth for Nigeria as Fuel Costs Rise Amid Iran Conflict

Nigeria’s economy is projected to grow by 4.2 percent in 2026 despite rising global uncertainty driven by the ongoing Iran…

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LivingTrust Mortgage Bank Denies Nairaland Report, Affirms Stability Amid Shareholding Concerns

LivingTrust Mortgage Bank Plc has issued a formal clarification dismissing allegations contained in an online publication dated March 22, 2026,…

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Central Bank of Nigeria Tightens Oversight as Union Bank Intervention Raises Questions on Financial Engineering

The Central Bank of Nigeria’s intervention in Union Bank of Nigeria is evolving into a broader signal of tighter regulatory…

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