Nairobi Securities Exchange Sees Continued Wealth Erosion in Q4 Despite Select Stock Gains
The Nairobi Securities Exchange (NSE) has experienced a prolonged wealth erosion trend in the fourth quarter of the year, extending…
Day: December 14, 2023
World Bank Approves $150 Million Project to Create 45,000 Jobs in Kenya
The World Bank has approved the Kenya Jobs and Economic Transformation Project (KJET), a $150 million initiative aimed at creating…
Nigerian National Council on Privatisation (NCP) Inaugurated by Vice President Shettima
Vice President Kashim Shettima has inaugurated the newly reconstituted National Council on Privatisation (NCP), emphasizing its crucial role in implementing…
Nigerian Government Raises N5.85 Trillion via Bond Market in 2023
The Nigerian government, through the Debt Management Office (DMO), has raised approximately N5.85 trillion ($14.1 billion) via the bond market…
Central Bank of Nigeria Assures Adequate Currency Stock Amid Naira Scarcity
The Central Bank of Nigeria (CBN) has reassured the public of an adequate currency stock to meet their needs, addressing…
Nigeria Labour Congress Opposes Federal Government’s Plan to Restructure Transmission Company
The Nigeria Labour Congress (NLC) has expressed opposition to the proposed plans by the Federal Government to restructure the Transmission…
World Bank Reports 24 Million More Nigerians in Poverty due to Economic Challenges
The World Bank has disclosed that sluggish economic growth and rising inflation in Nigeria have led to an additional 24…
Naira Falls by 4.58% at Official Market Despite Increase in Dollar Liquidity
The Nigerian naira depreciated by 4.58% at the official foreign exchange (FX) market, trading at N904.65 per dollar, despite a…
Nigeria Inches Closer to 2024 Financial Inclusion Target, but Gaps Persist
Nigeria has made progress in achieving its 2024 financial inclusion target, with 74% of the population considered financially included in…
NNPC CEO, Mele Kyari, Affirms Realistic Target of 1.785 Million BPD for Nigeria’s Oil Production in 2024
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, has stated that Nigeria’s target…