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WORLD BANK VP INDIRMET GILL BACKS CBN GOVERNOR CARDOSO’S FOREIGN EXCHANGE UNIFICATION POLICY

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The World Bank Vice President and Chief Economist, Mr. Indermit Gill, has expressed support for the Central Bank Governor of Nigeria, Mr. Olayemi Cardoso,...
Business

Nigerian Stock Market Update: Seplat, Fidelity Bank, and FBNH Drive Marginal Gains

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The Nigerian stock market has experienced a slight uptick, with the Nigerian Exchange (NGX) All Share Index (ASI) rising by 0.09% to close the...
Business

INCREASE IN WOMEN’S WORKFORCE PARTICIPATION COULD BOOST INDIA’S MANUFACTURING OUTPUT BY 9%, SAYS WORLD BANK

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The World Bank's recent South Asia Development Update highlights the significant potential impact of increased female workforce participation on India's manufacturing output, projecting a...
Business

INTERVIEW WITH PROF. ADEOLA ADENIKINJU: REFLECTIONS ON NIGERIA’S FUEL MARKET POST-DANGOTE REFINERY

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In this interview, conducted by Emma Ujah, our Abuja Bureau Chief, the President of the Nigeria Economic Society, Prof. Adeola Adenikinju, discusses the ongoing...
Business

Brazil Cracks Down on Online Betting Sites

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On Friday, Brazil initiated the closure of over 2,000 betting sites, including those sponsoring popular football clubs such as Corinthians and other first division...
Business

Naira Sees Mixed Performance in Foreign Exchange Markets

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The Naira appreciated to ₦1,690 per dollar in the parallel market today, up from ₦1,670 per dollar on Thursday. This reflects a modest gain...
Business

Obasanjo Highlights China’s Role in Africa’s Economic Development

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Former Nigerian President Chief Olusegun Obasanjo has emphasized the significant role of the People's Republic of China as a vital economic partner for Africa....
Business

COUNTRIES CALL FOR NIGERIAN INVESTORS TO EXPLORE GLOBAL OPPORTUNITIES AT 2024 INVESTMENT MIGRATION WEST AFRICA ROADSHOW

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During the “2024 Investment Migration West Africa” roadshow in Abuja, representatives from various countries urged Nigerian investors to explore international opportunities for business and...
Business

NAIRA APPRECIATES AGAINST THE DOLLAR IN PARALLEL MARKET

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The Naira experienced a notable appreciation yesterday, rising to N1,670 per dollar in the parallel market, up from N1,675 per dollar on Wednesday. In...
Business

Dangote Advocates for Enhanced Crude Oil Production and Refining Capacity in Nigeria

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Aliko Dangote, Chairman of the Dangote Refinery and Petrochemical Company Limited, has emphasized the need for Nigeria to enhance its crude oil production capacity...
Business

CBN Reaffirms Commitment to Financial Stability Amid Social Media Criticisms

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The Central Bank of Nigeria (CBN) assured the public yesterday of its commitment to maintaining the stability of the financial system and the safety...
Business

Naira Depreciates in Parallel Market but Appreciates in NAFEM

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Yesterday, the Naira depreciated to N1,685 per dollar in the parallel market, down from N1,660 per dollar on Monday. Conversely, in the Nigerian Autonomous...
Business

Foreign Capital Importation in Nigeria Sees Significant Increase

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Foreign capital importation into Nigeria rose dramatically by 152.8% Year-on-Year (YoY) to $2.6 billion in the second quarter of 2024 (Q2’24), up from $1.03...
Business

Federal Government’s Deficit Spending Increases by 28% in H1’24

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The Federal Government's (FG) deficit spending has surged by 28% year-on-year (YoY) to ₦8.44 trillion in the first half of 2024 (H1’24), up from...
Business

THE LEGAL STATUS OF CRYPTOCURRENCY WORLDWIDE: A LOOK AT 10 COUNTRIES THAT ACCEPT IT AS LEGAL TENDER

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The global discourse surrounding the legalization of cryptocurrency continues since its remarkable debut in 2009 with Bitcoin, the renowned crypto coin that transformed many...
Business

SELL-OFFS IN MTN NIGERIA AND BANKING STOCKS RESULT IN MARKET DECLINE

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On Tuesday, the Nigerian Exchange Ltd. (NGX) experienced a decline in market capitalization due to sell-offs in MTN Nigeria and Tier-one banking stocks, shedding...
Business

NAIRA APPRECIATES BY N73.39 IN OFFICIAL MARKET

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The Naira appreciated by N73.39 at the official market on Tuesday, trading at N1,561.76 to the dollar. This increase, as reported by the official...
Business

REDEEMER’S UNIVERSITY INAUGURATES RUN MICROFINANCE BANK LTD

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nd local communities, promoting economic growth and well-being. This microfinance bank is a testament to our university’s dedication to fostering socio-economic development.” Dr. Daniel Ogun,...
Business

FORMER APC PRESIDENTIAL ASPIRANT CRITICIZES CBN’S FOREX POLICY

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Chief Charles Udeogaranya, a former presidential aspirant of the All Progressives Congress (APC), has voiced strong objections to the Central Bank of Nigeria’s (CBN)...
Business

TOP FIVE COUNTRIES DRIVING HALF OF AFRICA’S GDP IN 2024

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According to the International Monetary Fund (IMF), Africa’s combined GDP of $2.8 trillion in 2024 is powered by the economic strength of its top...
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