CBN Holds Interest Rate at 27.5% as Cardoso Highlights Naira Stability, Economic Gains
The Central Bank of Nigeria (CBN) has held the Monetary Policy Rate (MPR) steady at 27.5%, as Governor Yemi Cardoso...
Moody’s Downgrade of US Credit Rating Sends Markets into Decline
US equity-index futures dropped, and Treasuries yield curve steepened after Moody’s downgraded the US government’s credit rating from its top...
Tension Rises as CBN’s BDC Recapitalisation Deadline Nears
The Central Bank of Nigeria (CBN) setting a June 3, 2025 deadline for the recapitalisation of Bureau De Change (BDC)...
$5bn African Energy Bank Nears Launch, Backed by Afreximbank and APPO
Preparations for the official launch of the $5 billion African Energy Bank (AEB) have entered their final phase, according to...
DBN Disburses Over ₦1 Trillion to MSMEs, Targets ₦1.3 Trillion in Capital by 2029
The Development Bank of Nigeria (DBN) has announced that it has disbursed over ₦1 trillion to micro, small, and medium...
Nigeria Joins EBRD to Boost Private Sector Access to Global Capital
Nigeria has officially joined the European Bank for Reconstruction and Development (EBRD), in a move set to enhance private sector...
DAPPMAN: Only Dangote Refinery Can Supply Us Petrol, Not NNPC Facilities
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has declared that its members can only source Premium Motor...
CBN Cuts Net Loans by ₦4.1tn Amid Overdraft Reduction to FG in 2024
The Central Bank of Nigeria (CBN) has recorded a significant ₦4.145 trillion drop in net loans and receivables in 2024,...
China Eyes EV Factories in Nigeria to Boost Solid Minerals Sector
The Chinese Ambassador to Nigeria, Yu Dunhai, has emphasized the need for deeper cooperation between Nigeria and China in harnessing...
Nigeria’s Auto Industry Backs NADDC Boss, Slams Policy Instability for Stalling Growth
Nigeria’s automotive sector has thrown its weight behind Oluwemimo Osanipin, Director-General of the National Automotive Design and Development Council (NADDC),...
Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.