The Nigerian Civil Aviation Authority (NCAA) has announced a suspension of its services to 11 domestic airline operators on a “no-pay-no-service” sanction list over outstanding financial obligations. The suspension comes following a directive from the agency’s director-general, according to an…

Breaking the Cycle: Is Nigeria Heading Toward a Sustainable Fiscal Path? The conversation around Nigeria’s economic future is shifting focus. For a long time, experts have debated the scale of the country’s growing public commitments. With large-scale infrastructure projects requiring…

Central Bank Withdraws N3.69 Trillion in Massive One-Day Market Operation The Central Bank of Nigeria (CBN) has executed one of its most aggressive financial interventions of the year. In a single day, the apex bank successfully mopped up a staggering…

The Reality of Tech Layoffs in Nigeria’s Startup Space The romantic era of the Nigerian tech boom is facing a sobering reality check. For years, the narrative surrounding local startups was one of endless venture capital, rapid expansion, and aggressive…

Market Rebound: Naira Strengthens Against the Euro After Central Bank Policy Pause The Nigerian foreign exchange market is reacting positively to the latest monetary guidelines. Following the decision by the Central Bank of Nigeria (CBN) to keep the benchmark interest…

Holding the Line: CPPE Supports Central Bank’s Decision to Maintain Interest Rates Nigeria’s financial sector is breathing a collective sigh of relief following the latest monetary policy update. The Centre for the Promotion of Private Enterprise (CPPE) has officially thrown…

The Monetary Policy Committee of the Central Bank of Nigeria has retained the benchmark interest rate at 26.5 per cent. Following the committee’s 305th meeting in Abuja on Wednesday, Olayemi Cardoso, the governor of CBN, made the announcement. Cardoso said,…

Monetizing Carbon: Global Environmental Taxes Yield a Record $107 Billion. The global fight against climate change is no longer just an environmental campaign. It has officially turned into a massive financial marketplace. According to the latest comprehensive data from the…

Strong Market Appetite: DMO Secures N614.5 Billion in Oversubscribed May Bond Auction The Nigerian financial market has delivered a resounding vote of confidence in the federal government’s debt instruments. In its latest monthly outing, the Debt Management Office (DMO) successfully…

Tech and Your Wallet: What Telcos Earn from Customers Amid Tariff Debates Every time you buy a data bundle or make a voice call, you contribute to a massive financial engine. Nigeria’s telecommunications space is buzzing with conversations around potential…

Dangote Petroleum Refinery & Petrochemicals has reduced the price of aviation fuel (Jet A1) from N1,750 per litre to N1,650 per litre in a move aimed at easing financial pressure on airlines and ensuring a steady fuel supply across the…

High Returns: Nigeria Offers Attractive Yields to Investors in Fresh Bond Sale The search for stable and high-yielding investments is driving significant movement in the local financial market today. The Debt Management Office (DMO) has officially opened its doors for…

Alhaji Aliko Dangote, the richest man in Africa and President of the Dangote Group, has reiterated his commitment to increasing food security throughout the continent through significant investments in fertilisers in Ethiopia. Adding that the continent has the potential to…

The Credit Crunch: Why Small Businesses Are Praying for an Interest Rate Cut A powerful wave of public opinion is hitting the banking sector just as the Central Bank of Nigeria’s Monetary Policy Committee prepares to meet. A fresh national…

Voices from the Market: Most Nigerians Demand Interest Rate Cuts Ahead of MPC Meeting A clear and urgent message is coming from the local business community as the Central Bank of Nigeria’s Monetary Policy Committee (MPC) prepares to meet this…