Thursday, October 8, 2026

Economy

July 21, 2026

CBN retains benchmark interest rate at 26.5%

The latest decision to maintain the current policy stance followed a thorough assessment of the balance of risks.

Cardoso+CBN logo
July 21, 2026

Fire razes many shops in Lagos market

At least 17 shops were destroyed following a blaze that swept through Sabo Market in the Ikorodu area of Lagos early Tuesday.

Fire razes many shops in Lagos
July 21, 2026

Tinubu govt targets higher value from non-oil exports

The federal government says it will sustain growth in non-oil exports by promoting value addition, expanding markets and improving export competitiveness.

Jumoke Oduwole
July 21, 2026

Federal civil servants say wage award delay worsening economic hardship

Civil servants have urged the federal government to immediately pay the outstanding two months of the N35,000 wage award.

Civil servants (Photo credit: Business day)
July 21, 2026

Vehicle duty reduction helpful not transformative: Stakeholders

Transport stakeholders say the federal government’s reduction in vehicle import duties has provided modest relief but is yet to transform the transport sector.

Vehicles at the port
July 21, 2026

U.S. 50% tariff violates trade agreement, threatens Canada’s sovereignty: Carney

Canadian Prime Minister Mark Carney condemned the U.S. 50 per cent trade tariff, saying it violates the free trade agreement between Canada, America, and Mexico.

Canadian Prime Minister Mark Carney
July 21, 2026

Agricultural firm Scoular to pay over $10 million to resolve foreign bribery case

Scoular employees communicated about shipments and bribes. In total, Scoular authorised bribes of more than $400,000 and avoided fees and costs of more than $6.5 million.

Scoular Company
July 21, 2026

Banking, insurance shares lift stock market by N2 trillion

The Nigerian stock market gained N1.756 trillion on Monday, driven by sustained buying in banking, insurance and industrial stocks.

STOCK MARKET
July 21, 2026

Trump imposes additional 50 per cent tariffs on Canada

The tariffs will take effect 30 days after signing.

President Donald Trump
July 21, 2026

Abia partners SON to boost export readiness, tackle counterfeit products

The Abia government says it has partnered the Standard Organisation of Nigeria to prepare local entrepreneurs for exports and tackle counterfeit and substandard products.

Otti signing document