Nigeria Economy

The Central Bank of Nigeria (CBN) has implemented another round of rate cuts at its latest primary market auction, dragging the yield on the benchmark one-year Treasury Bill below the 17% threshold. During the auction conducted on Wednesday, September 2, 2026, the apex bank allotted a total of N865.71 billion to investors, while cutting the […]

Okomu Oil Palm Plc, one of Nigeria’s leading agribusiness firms listed on the Nigerian Exchange (NGX), has published its unaudited financial statements for the half-year ended June 30, 2026. The latest figures indicate a notable contraction in the company’s bottom-line performance, with pre-tax profit declining by 12.03% to N58.99 billion. This is a drop from […]Read More

LAMATA Initiates AfDB Appraisal Process for Lagos Green Line Rail Funding The Lagos Metropolitan Area Transport Authority (LAMATA) has officially commenced the African Development Bank (AfDB) appraisal process for the proposed financing of the Lagos Rail Mass Transit (LRMT) Green Line project. This milestone represents a crucial step forward in the state’s ambitious drive to […]