Articles by Funke Adeyemi
5 publishedBusiness
CBN cuts benchmark interest rate to 18.5% as inflation eases to 22-month low
The CBN has cut its benchmark interest rate from 20% to 18.5%, the first reduction in two years, as inflation falls to a...
Business
Naira stabilises at ₦1,398 per dollar as portfolio inflows reach six-month high
The naira has stabilised at ₦1,398 per dollar as portfolio inflows hit a six-month high following the CBN rate cut.
Business
Dangote Refinery begins petrol exports to West African markets, targets 500,000 barrels per day
Dangote Refinery has begun exporting petrol to Ghana and Côte d'Ivoire as it targets 500,000 barrels per day of full cap...
Business
Nigeria's GDP grows 4.2% in Q1 2026, fastest pace in seven years, driven by services and agriculture
Nigeria's economy grew 4.2% in Q1 2026, the fastest pace since 2019, driven by strong services and agricultural output.
Business
Access Bank acquires South African lender Standard Chartered South Africa in $600 million deal
Access Bank acquires Standard Chartered South Africa for $600 million, becoming one of Africa's five largest banks.