Category: Business

The ECOWAS Bank for Investment and Development (EBID) has approved a total of $266.7 million alongside XOF30 billion to finance key infrastructure and development projects in Nigeria, Ghana, Senegal, The Gambia, and Côte d’Ivoire.The funding approvals were granted during the bank’s 95th Board of Directors meeting, reaffirming EBID’s commitment to promoting sustainable, inclusive, and resilient development across the sub-region.A major... Read more

By James Abel  The Trade Union Congress (TUC) has called for an urgent review and enhancement of workers’ allowances as a temporary relief measure to cushion the impact of persistent inflation and rising living costs, pending the full implementation of a new National Minimum Wage in 2027. The TUC stressed that Nigerian workers should not be left to shoulder the... Read more

Nigeria's inflation rate eased by 2.1 percentage point to 18.02 percent in September 2025 from 20.12 percent in August 2025, representing the 6th consecutive month decline since April 2025 . This is the first time in three years that the nation's inflation rate fell below 20 percent. The National Bureau of Statistics, NBS, disclosed this today in its Consumer Price... Read more

By Folashade James The Naira today appreciated to N1,480 per dollar in the parallel market from N1,487 per dollar on Thursday. Likewise, the Naira appreciated to N1,458 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to N1,458 per dollar from N1,464... Read more

By Kemi Adebowale The naira on Friday depreciated to N1,490 per dollar in the parallel market, down from N1,475/$ recorded on Thursday. Similarly, in the Nigerian Foreign Exchange Market (NFEM), the currency slid to N1,469/$, compared to N1,464.85/$ a day earlier, according to data released by the Central Bank of Nigeria (CBN). This reflects a N4.15 loss for the naira... Read more

Kebbi State Governor, Nasir Idris, on Wednesday signed into law the revised 2025 appropriation bill of N43.29 billion recently passed by the State House of Assembly. The signing ceremony, held at Government House, Birnin Kebbi, was witnessed by the Speaker of the Assembly, Alhaji Usman Muhammad-Zuru, and other lawmakers. Governor Idris commended the legislature for its collaborative spirit, describing the... Read more

The Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has urged West African countries to accelerate the integration of their capital markets, describing it as the only way to mobilise the scale of investment needed to drive the region’s development. In a statement from SEC, wpeaking at the Experts Meeting on Validation of the WASRA Charter and... Read more