Nigeria’s headline inflation rate eased to 16.05 per cent in October 2025 from 18.02 per cent in September, the National Bureau of Statistics (NBS) has revealed. The October 2025 headline…
Read More Nigeria’s inflation drops to 16.05% from 18.02%
Category: Economy
FG halts implementation of planned 15% import duty on diesel, petrol
The Federal government has suspended the implementation of the proposed 15% import tax on petrol and diesel. The development was announced by the Director, Public Affairs Department, NMDPRA, George Ene-Ita,…
Read More FG halts implementation of planned 15% import duty on diesel, petrol
Senate approves Tinubu’s N1.15tn domestic loan to fund 2025 budget deficit
The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit. The approval followed…
Read More Senate approves Tinubu’s N1.15tn domestic loan to fund 2025 budget deficit
Trump threat not behind massive sell-offs on NGX – Presidency
The Presidency has dismissed claims that the recent sell-off in the Nigerian capital market was triggered by foreign investors reacting to U.S. President Donald Trump’s comments about Nigeria. Chairman of…
Read More Trump threat not behind massive sell-offs on NGX – Presidency
Standard Chartered to close accounts with less than N7.5 million balance in 2026
Standard Chartered Bank has announced its plan to close customers’ accounts with a balance of less than N7.5 million by January 15, 2026. The bank revealed the development in an…
Read More Standard Chartered to close accounts with less than N7.5 million balance in 2026