JP Morgan Forecasts Naira to Trade at N850/$ Before End of 2023
JP Morgan, a prominent US multinational financial services firm, has projected that the Nigerian naira will reach a trading rate…
Month: November 2023
The Enigmatic Testimony: Sam Bankman-Fried’s Trial Revelations
The courtroom drama surrounding Sam Bankman-Fried, former CEO of the now-bankrupt crypto exchange FTX, has captivated the financial world. As…
Tabby Emerges as Gulf’s First Fintech Unicorn with $1.5 Billion Valuation
Tabby, a platform offering Buy Now, Pay Later (BNPL) services in the Middle East, has secured $200 million in its…
WeWork on the Brink of Chapter 11 Bankruptcy Filing
WeWork, the once high-flying flexible workspace provider, is reportedly on the verge of filing for Chapter 11 bankruptcy in New…
UN Supports 3.6 Million Vulnerable Individuals in Nigeria’s Northeast in H1 2023
Matthias Schmale, the United Nations (UN) resident and humanitarian coordinator in Nigeria, announced that the UN provided assistance to 3.6…
Nigerian Naira Faces Challenges Amid Global Economic Factors
The Nigerian naira has encountered significant challenges in the foreign exchange market, with its value surpassing a crucial resistance level…
Senate Investigates Printing of New Naira Notes by NSPMC in 2022
The Nigerian Senate has resolved to launch an investigation into the printing of new Naira notes by the Nigerian Security…
Airtel Africa Reclaims Title as Most Valuable Company on Nigerian Stock Market
After more than six months, Airtel Africa Plc has regained its position as the most valuable company on the Nigerian…
Navigating Economic Hardships: How Nigerians Are Adapting to Rising Costs
The removal of fuel subsidies in May has led to challenging economic conditions in Nigeria, impacting the daily lives of…
Economic Contraction: Nigeria Sees First Business Activity Decline in Seven Months
According to the latest Purchasing Managers’ Index (PMI) report released by Stanbic IBTC Bank, business activity in Nigeria has contracted…
MTN Nigeria Adapts Strategies to Offset Forex Losses and Bolster Growth
Amidst foreign exchange challenges, MTN Nigeria, the country’s leading telecom service provider, is proactively localizing its spending to mitigate anticipated…
Dangote Refinery Faces Delays in Commencing Diesel and Jet Fuel Refining
Despite earlier projections, Dangote Refinery has experienced delays in initiating its diesel and jet fuel refining operations. This setback is…
Lagos State Secures $1.352 Billion Investment for Key Infrastructure Projects
The Lagos State Government has successfully entered into a strategic partnership with the African Export-Import Bank (Afreximbank) and Access Bank…