Business

CBN reduces interest rate to 23%

The Central Bank of Nigeria (CBN) has cut the Monetary Policy Rate (MPR) to 23 per cent from 26.50 per…

6 days ago

Sadio Mané invests $20m in mango processing plant in Senegal hometown

Senegalese football star Sadio Mané has invested CFA11.7bn ($20.4m) in an agro-industrial project in his hometown of Bambali, aimed at…

7 days ago

Dangote plans $10bn power investment to tackle Africa’s electricity crisis

Africa’s richest man, Aliko Dangote, has announced plans to invest more than $10bn in the power sector as part of…

7 days ago

FTSE re-entry drives fresh foreign interest in Nigerian stocks

Nigeria’s return to the FTSE Russell Frontier Market indexes has sparked renewed interest from foreign and institutional investors, with major…

7 days ago

Stock market extends bullish rally as investors gain N228bn

The Nigerian stock market opened the week on a positive note on Monday, September 21, 2026, as investors recorded a…

7 days ago

Dangote sets 2028 target for fertiliser business IPO

Africa’s richest man and President of Dangote Group, Aliko Dangote, has disclosed that the group plans to take its fertiliser…

1 week ago

Nigerian Breweries to make 80 Nigerians millionaires in 80th anniversary drive

Nigerian Breweries Plc has launched its 80th anniversary celebration with a nationwide campaign inviting Nigerians to share photographs, videos and…

1 week ago

Stock market rebounds, investors gain N4.57trn

Investors on the Nigerian Exchange Limited gained N4.57trn last week as the stock market rebounded from the N1.9trn loss recorded…

1 week ago

Dangote adds 4,000 machines for refinery expansion

Dangote Industries Limited has acquired 4,000 additional construction machines as it begins expanding its Lekki refinery from 650,000 barrels per…

1 week ago

Weak demand leaves manufacturers with N2.1trn stock

Nigerian manufacturers recorded N4.54tn in investments in 2025, but finished goods worth about N2.12tn remained unsold as rising prices and…

1 week ago

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