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WORLD BANK URGES NIGERIA TO CUT GOVERNMENT WASTE AND FOCUS ON TARGETED POVERTY PROGRAMMES

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The World Bank stated on Thursday that Nigeria must reduce government waste, channel spending towards targeted poverty alleviation programs, and adhere to realistic budgets...
Business

FXCG: EMPOWERING NIGERIAN TRADERS WITH LOW-COST, HIGH-QUALITY FOREX TRADING EXPERIENCE

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As Nigeria continues to emerge as a hub for financial innovation, more Nigerians are exploring the global forex markets. Forex trading, which allows individuals...
Business

CBN GOVERNOR EMPHASIZES FINANCIAL INCLUSION FOR WOMEN AT NIGERIA ECONOMIC SUMMIT

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The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has highlighted the government's commitment to enhancing financial inclusion for women, describing...
Business

NIGERIAN NAIRA RANKED AMONG WORST-PERFORMING CURRENCIES IN SUB-SAHARAN AFRICA

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The Nigerian naira has been identified as one of the worst-performing currencies in Sub-Saharan Africa for 2024, according to the World Bank’s latest Africa’s...
Business

BISOLA AIYEOLA JOINS CELEBRATION AS ONGA REWARDS CONSUMERS IN THE TASTE THE MILLIONS PROMO

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Sensational and multitalented Nollywood actress, Bisola Aiyeola, participated in the "Onga Taste the Millions" promo celebration, where winners of ₦1 million were presented with...
Business

PETROL MARKETERS TURN TO IMPORTATION AMID SHORTFALL FROM DANGOTE REFINERY

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Petrol marketers in Nigeria are resorting to importing fuel to supplement the supply from the $20 billion Dangote Refinery. This decision follows concerns that...
Business

KORA LAUNCHES ₦200 MILLION ENDOWMENT FUND FOR COVENANT UNIVERSITY STUDENTS

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Kora, a leading financial technology company, has announced the creation of a ₦200 million endowment fund to support students at Covenant University. This fund,...
Business

CBN Governor Olayemi Cardoso Urges Nigerians to Focus on Economic Fundamentals to Combat Inflation

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During the 30th Nigeria Economic Summit held in Abuja on October 15, 2024, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi...
Business

NIGERIA’S EXTERNAL DEBT: A HISTORICAL OVERVIEW AND CURRENT CONCERNS

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Nigeria's external debt stands as the largest among all sub-Saharan African nations, despite having received debt waivers from the Paris Club, London Club, and...
Business

Naira Depreciates Against the Dollar, Trading at N1,658.97

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On Tuesday, the Naira depreciated at the official market, trading at N1,658.97 to the dollar. Data from the FMDQ Exchange's official trading platform indicated...
Business

NIGERIA’S INFLATION RATE RISES TO 32.7% IN SEPTEMBER 2024

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Nigeria's inflation rate has risen to 32.7% in September 2024, reversing a two-month trend of consecutive declines, with August's rate recorded at 32.15%. This...
Business

WORLD BANK ANNOUNCES $500 MILLION GRANT TO SUPPORT NIGERIA’S COVID-19 RECOVERY EFFORTS

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The World Bank has announced a $500 million grant aimed at supporting Nigeria's recovery from the impacts of the COVID-19 pandemic. This funding will...
Business

NAIRA APPRECIATES TO N1,680 PER DOLLAR IN PARALLEL MARKET

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The Naira experienced an appreciation yesterday, rising to N1,680 per dollar in the parallel market, up from N1,690 per dollar last weekend. In a...
Business

Join the Expert-led Investment Academy with Coronation Wealth!

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Learn from seasoned financial experts and take your investment skills to the next level with the Coronation Fantasy League! Here’s everything you need to...
Business

WORLD BANK URGES NIGERIA TO SUSTAIN REFORMS AMIDST HARDSHIP

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The World Bank Vice President and Chief Economist, Mr. Indermit Gill, stated yesterday that the Federal Government should maintain ongoing reforms despite the current...
Business

CBN URGES BANKS TO INVEST IN CYBERSECURITY TO PROTECT DEPOSITORS’ FUNDS

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The Central Bank of Nigeria (CBN) has called on banks across the country to invest heavily in cybersecurity measures to safeguard depositors' savings from...
Business

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...
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