MAN Applauds CBN for Cutting Interest Rate to 23%
The Manufacturers Association of Nigeria has urged banks to make borrowing more affordable after the Central Bank of Nigeria lowered its benchmark interest rate to 23 per cent. MAN described the 350-basis-point reduction in the Monetary Policy Rate as a…
Peter Obi Urges Nigerians to Invest in Dangote Refinery IPO
Peter Obi has thrown his support behind the Dangote Refinery Initial Public Offering, urging Nigerians in the country and abroad to consider investing in the shares. The former Anambra State governor said the public offer reflects the kind of productive…
₦100,000 in Dangote Refinery, Become a Millionaire in Two Years
Africa’s richest man, Aliko Dangote, has encouraged Nigerians and other prospective investors to take a long-term approach to the Dangote Petroleum Refinery IPO, suggesting that an investment of around ₦100,000 could potentially grow to millionaire…
Dangote Refinery Launches IPO on Nigerian Exchange Market
The Dangote Refinery has officially opened its initial public offering (IPO), marking a major step in the company’s move toward broader public ownership and deepening participation in Nigeria’s capital market. Investors, government officials, market…
Abuja Petrol Prices Surge as Dangote Raises Gantry Rate
Petrol prices have climbed to about N1,430 per litre in Abuja, putting fresh pressure on motorists and households. The latest increase followed a hike in the gantry price at the Dangote Petroleum Refinery. The refinery reportedly raised its rate by N85,…
Dollar to Naira Today: Official and Black Market Rates
The Nigerian naira maintained its recent strength against the United States dollar on Tuesday, August 18, 2026, as the currency continued to gain ground at the official foreign exchange market while remaining relatively stable in the parallel market. At…
Nigerians Borrow More to Build Houses – CBN
More Nigerians are turning to credit to finance their dream of owning a home, according to the Central Bank of Nigeria (CBN). Credit demand for house purchases rose to 9.6 index points in the second quarter of 2026 (Q2 2026). The increase points to…