Wafrik News

• Business

Farm Produce Prices Rise by 29% in Five Months — NBS

Wafricnews - June 22, 2025Nigeria’s food crisis has taken a grim new turn as fresh data from the National Bureau of Statistics (NBS) reveals a staggering 28.98% spike in the average cost of farm produ...

• Business

SEC Bars Independent Directors from Executive Roles, Limits CEO and Chairman Tenure

Wafric News – June 21, 2025Abuja, Nigeria - Nigeria’s Securities and Exchange Commission (SEC) has issued a sweeping directive prohibiting Independent Non-Executive Directors (INEDs) from transitionin...

• Business

UK Reaffirms 99% Duty-Free Access for Nigerian Exports Under New Trade Scheme

Wafric News – June 20, 2025The United Kingdom has confirmed that Nigerian exporters will continue to enjoy 99% duty-free access to the UK market under the Developing Countries Trading Scheme (DCTS) —...

• Business

Nigerian Banks Must Repay $2.35 Billion in Eurobonds by End of 2026

WafricNews - June 20, 2025 Nigeria’s banking sector is bracing for a major financial test as five leading banks prepare to settle a combined $2.35 billion in Eurobond repayments by the end of 2026. W...

• Business

Bank of England Holds Interest Rate at 4.25% Amid High Inflation

Wafric News – June 19, 2025London – The Bank of England (BoE) has decided to hold its benchmark interest rate at 4.25%, citing continued inflationary pressures and mounting global uncertainties. The m...