Economy
Nigerian Equities Lose N110bn as Oando, PZ Cussons Shares Decline
Investors in the Nigerian equities market lost N110.16 billion on Wednesday as renewed selling pressure pushed the market lower for a sixth consecutive...
Banks Cut CBN Deposits by N942 Billion in One Day
Nigerian banks sharply reduced the amount of money they kept with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility (SDF),...
Nigeria’s Economic Growth Still Too Weak to Reduce Poverty, Report Says
Nigeria’s economic recovery is yet to translate into enough improvements in living standards to significantly reduce poverty, with the World Bank warning that...
PenCom Says Pension Reforms Aim to Expand Financial Inclusion
The National Pension Commission (PenCom) says its ongoing Pension 2.0 reforms are designed to remove barriers to pension participation and extend financial inclusion...
Economic Summit to Target Infrastructure, Jobs and Productivity
The Federal Government says the 32nd Nigerian Economic Summit will focus on practical measures to address infrastructure gaps, improve productivity and create more...
Oil Prices Rise as Middle East Shipping Attacks Deepen Supply Concerns
Oil prices climbed on Thursday as renewed attacks on shipping in the Gulf and the Strait of Hormuz heightened fears of further disruptions...
Dollar Strengthens as Europe’s Economic Woes Boost Safe-Haven Demand
The U.S. dollar has climbed to an 18-month high as mounting economic and fiscal problems in Europe strengthen investor demand for the greenback....
Euro Zone Ministers Urge France to Pass 2027 Budget as Borrowing Costs Surge
Euro zone finance ministers and European Central Bank officials are expected to urge France to approve its 2027 budget as rising borrowing costs...
