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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....
Treasury bill
Yield-hungry investors drive T-bill returns to 2-month high
The yield on Nigeria’s one-year treasury bills rose to a two-month high after a primary auction Wednesday, as investors demanded higher returns and authorities continued...
Editor | Oct 24, 2024
Economy
Nigeria's long road to non-oil success
Nigeria spends a whopping $3 billion on the importation of Ankara fabrics that can be produced locally, just one of a long list of examples of how the country is failing to develop its non-oil sector...
Editor | Oct 24, 2024
Economy
Great tightening: What’s next for Nigeria’s economic future?
The International Monetary Fund (IMF) recently highlighted the critical challenges faced by global economies, underscored by the ongoing "Great Tightening" – a period characterised...
Editor | Oct 23, 2024
Economy
Time for Nigeria to push reset button as reforms hit snag
The World Bank economic team at the recently concluded Nigerian Economic Summit stirred controversy by stating that Nigeria has to stay the course of reforms for the next 10-15 Years...
Editor | Oct 22, 2024
Oil & Gas
Seplat shares hit record high as FG approves ExxonMobil deal
Seplat Energy Plc saw its shares soar to a record high on Monday after the Nigerian government officially approved the company’s acquisition of ExxonMobil's local assets...
Editor | Oct 22, 2024
Inflation
Why rate hikes alone won't solve Nigeria’s inflation crisis
With inflation reaching 32.7 percent in September 2024, Nigeria’s economic challenges are becoming harder to ignore. The Central Bank of Nigeria (CBN) has responded...
Editor | Oct 22, 2024
Taxation
Why Taxing the Poor Won’t Bring Prosperity in Nigeria
No nation has ever taxed its way to prosperity, but Nigeria seems to be following this misguided path. BusinessDay research finds that among eight selected African countries...
Editor | Oct 21, 2024
Inflation
CBN tightens liquidity tap with N7.6trn mop-up in 9 months
The Central Bank of Nigeria (CBN) sold a total of N7.6 trillion in Open Market Operation (OMO) in the first nine months of 2024 as part of its ongoing efforts to control excess liquidity...
Editor | Oct 21, 2024
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