Business & Economy - Page 5

Nigeria’s annual headline inflation rate dropped by 0.76 percentage points to 14.63 per cent in September 2026, down from 15.39 per cent recorded in August. ​The latest Consumer Price Index (CPI) report, officially published by the National Bureau of Statistics (NBS) on

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has revealed that the apex bank’s recent unexpected decision to slash the benchmark Monetary Policy Rate (MPR) was driven by the imperative to repair a faulty monetary policy transmission mechanism

Indonesia has formally issued a call to Nigerian entrepreneurs and corporate entities to step up direct foreign investment and deepen bilateral economic cooperation in key sectors, including renewable energy, waste management, advanced manufacturing, and agriculture. ​The announcement, delivered at a high-level trade

The International Monetary Fund (IMF) has cautioned Nigerian regulatory authorities against over-reliance on increased capital reserves following the country’s recent bank recapitalisation exercise. Addressing global media during a press briefing at the World Bank/IMF Annual Meetings in Bangkok on Tuesday, October 13,

The World Bank Group has announced a major initiative to mobilize up to $5.79 billion in private sector financing for Nigeria, targeting high-impact investments across telecommunications, agriculture, and micro, small, and medium enterprises (MSMEs). ​The announcement was made during a high-level briefing

The International Monetary Fund has warned Nigeria against restoring broad petrol subsidies, urging the government to rely instead on targeted cash transfers to cushion vulnerable citizens against soaring energy costs. ​Speaking at a news conference at the Fund’s headquarters on Wednesday, Axel

Financial sector stakeholders have urged Nigerian banks to channel capital into productive lending, strengthen digital infrastructure, and build customer trust to promote financial inclusion and economic growth. They made the call at the West Africa International Banking Dialogue and Awards Gala 2026

The Minister of State for Industry, Sen. John Enoh, says Project WHEAT-NESS is not a subsidy but a whole-chain programme to fix Nigeria’s wheat sector from farm to consumer. Enoh made the remark on Wednesday in Abuja at the inauguration of Project

The Federal Government says it has mobilised more than 380 million dollars in strategic financing commitments to support manufacturing and value-chain development under the Nigerian Industrial Policy 2025. The Minister of State for Industry, Trade and Investment, Sen. John Enoh, said this

The Dangote Petroleum Refinery’s historic public offering has drawn unprecedented investor demand, achieving a fourfold oversubscription that raised total commitments to approximately N8.61 trillion against an initial fundraising target of N2.15 trillion. ​The public offer, which opened on September 14, 2026, was