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Markets
Northern Billionaires split biggest chunk of Jaiz Bank’s N4.91bn dividend
Nigeria’s premier non-interest financial institution, Jaiz Bank Plc recently got shareholders approval for a massive 57 percent increase in its dividend payout to 11 kobo per share following a stellar financial year 2025....
Inflation
Cardoso says inflation, FX pressures to abate early 2025
The Central Bank of Nigeria (CBN) will deploy every possible ‘orthodox’ strategy to tame inflation, Governor Olayemi Cardoso said on Tuesday, with a firm assurance that ongoing monetary tightening measures......
Editor | Nov 28, 2024
Economy
Argentina’s reform gains expose chink in Nigeria’s armour
The men with two of the world’s toughest jobs are reaping different fruits from far-reaching reforms implemented since they took on the reins of Nigeria and Argentina. Argentina’s reforms, anchored in economic prudence and fiscal discipline...
Editor | Nov 27, 2024
Interest rate
Winners and losers of CBN’s latest rate hike
The Nigerian economy faces mixed consequences from the Central Bank’s 25 basis-point interest rate hike on Tuesday, with clear winners and losers emerging. While higher rates are a powerful tool for taming inflation...
Editor | Nov 27, 2024
Economy
Nigeria’s middle class shrinks as income fails to beat inflation
Gbemisola Ademola, a 44-year-old mother of five children, could stock up food items for the month and buy clothing and other household items last year....
Editor | Nov 26, 2024
Economy
Industries' thirst for palm oil sees prices surge by 120%
In a market survey, BusinessDay found that the price of a 5-litre keg of palm oil rose to N11, 000 this month from N5,000 obtained in November 2023, indicating a 120 percent increase over the period....
Editor | Nov 26, 2024
Governance
Nigeria’s corruption landscape in 2023: Unveiling patterns and forging change
Corruption remains a persistent challenge in Nigeria, shaping governance, public trust, and inclusive development. The 2023 report, the third in the series of Nigeria Corruption Survey......
Editor | Nov 26, 2024
Economic Week Ahead
Economic Week Ahead: Nigeria publishes GDP data as MPC meets for likely rate hike 
Nigeria is expected to publish its gross domestic product (GDP) report for the third quarter of 2024 this week while the Central Bank of Nigeria's monetary committee convenes for the last time this year......
Editor | Nov 25, 2024
Economy
Investors park cash in T-bills over real economy
Investors are plowing into treasury bills (T-bills) due to their attractive returns that are driven by an elevated interest rate environment....
Editor | Nov 25, 2024
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