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Consumers express pessimism on macroeconomy, first time since Nov 2025

By Elizabeth Adegbesan Consumers have expressed pessimism on the macroeconomy, first time since November 2025, as their overall sentiment stood at -10.3 index points in March compared to 0.8 index point in February. The Central Bank of Nigeria (CBN) disclosed this yesterday in its March 2026 Household Expectation Survey Report. “The Overall Consumer Sentiments in March […]

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We’ll sustain impressive growth, stakeholder value — Wema Bank

By Cynthia Alo Wema Bank has declared that it would sustain its impressive financial performance and business growth momentum in the coming years on the heels of its 2025 financial results. Commenting on the remarkable performance, the bank’s Managing Director/Chief Executive Officer, Moruf Oseni, also said the bank would continue to deliver superior value to all […]

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World Bank downgrades Nigeria’s 2026 economic growth to 4.1%

By Yinka Kolawole,  with agency report The World Bank has downgraded Nigeria’s economic growth projection to average of 4.1 percent in 2026. In October 2025, World Bank  projected  Nigeria’s economy  will grow by 4.4 percent  in 2026 and 2027. The bank also downgraded the projection for 2027 to 4.2 percent, while the growth forecast for 2028 […]

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EFCC appeals Omatsuli, firms’ acquittal over alleged N3.6bn money laundering

By Innocent Anaba The Economic and Financial Crimes Commission ,EFCC, has filed a comprehensive appeal at the Court of Appeal, Lagos Division, challenging the acquittal of former Niger Delta Development Commission, NDDC, Executive Director,  Touyo Omatsuli, and three others over an alleged N3.645 billion money laundering scheme. Also listed as respondents in the appeal are Don […]

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