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Nigeria’s banking system liquidity surged to N8.06 trillion as banks increased deposits at the Central Bank of Nigeria’s Standing Deposit Facility (SDF), reflecting a sharp rise in excess cash in the financial system. According to financial data published by the Central…
Read moreThe Nigeria Labour Congress (NLC) has rejected the proposed N6 trillion bailout for Nigeria’s electricity sector, warning that repeated financial interventions have failed to improve power supply across the country. The position was made known by NLC President Joe Ajaero…
Read moreThe Nigerian Exchange Group (NGX Group) has launched two new index futures contracts, NGX30U6 and NGXPENSIONU6, as part of efforts to deepen its derivatives market. This was disclosed in the Exchange’s emailed Weekly Market Report dated Wednesday, March 18, 2026. The contracts, which were…
Read moreCocoa farmers in Ondo, Osun, and Ekiti have expressed deep concern over a dramatic fall in cocoa bean prices, which they say has left many in financial distress and unable to sustain their livelihoods. The development was reported by the…
Read moreThe Nigerian Exchange Limited (NGX) has listed a fresh N10 billion commercial paper issuance by NGN Gram Limited, alongside 296,464 additional units of Chapel Hill Denham’s Nigeria Infrastructure Development Fund (NIDF). According to the Exchange’s emailed Weekly Market Report dated Wednesday, March 18, 2026, the listing took…
Read moreThe World Health Organization (WHO) has warned of growing health risks following reported strikes near key nuclear facilities in Iran and Israel. The warning was issued by WHO Director-General Tedros Adhanom Ghebreyesus on Sunday, March 22, via his X account.…
Read moreLagos, March 21, 2026 (NAN) President Bola Tinubu has congratulated economist, banker and philanthropist, Tony Elumelu, on his 62nd birthday, describing him as an African business icon and a leading advocate of enterprise on the continent. The Chairman of Heirs…
Read moreNigeria’s real estate market has rapidly evolved into one of the country’s most consequential economic sectors. Following recent national accounts rebasing, the industry’s valuation climbed to approximately N41.3 trillion in 2024, placing it as the third‑largest contributor to GDP behind trade and…
Read moreThe Ministry of Foreign Affairs Ghana has announced the rescue of 44 Ghanaian nationals from a QNET-linked fraudulent recruitment network operating in Nigeria. The post Ghana rescues 44 nationals from QNET fraudulent recruitment network in Nigeria appeared first on Nairametrics.
Read moreEko Electricity Distribution Company (EKEDC) has announced a power outage affecting parts of Lagos following a fire incident along the Lekki-Epe Expressway. The post EKEDC: Tanker fire triggers blackout in parts of Lagos appeared first on Nairametrics.
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