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Technology
How airtime lending became telcos' multi-billion naira goldmine
In 2024, Samuel Ojimba travelled from Lagos to Zamfara. While in a local community, gunshots suddenly rang out, sending everyone fleeing......
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
Stock Market
Five takeaways from MRS Oil's nine-month 2024 results
MRS Oil, a downstream oil and gas firm in Nigeria, began the year with a share price of N105.00 and traded at a share price of N132.00 as of November 22, 2024....
Editor | Nov 25, 2024
Economy
T-bills yields hit record high of 30.7% as investors price in rate cut
The real returns on one-year T-bills narrowed as yield hit record high of 30.7 percent. This is as CBN and investors price in rate hike. The real return on the one-year bill stands at 3.18 percent adjusted for inflation....
Editor | Nov 22, 2024
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