Nigeria’s Inflation Hits 28.20% in November, Highest Since 2016
Nigeria’s annual inflation has surged to 28.20% in November, up from 27.33% in October, as reported by the country’s bureau…
Day: December 15, 2023
TotalEnergies to Construct 216MW Solar Plant with Battery Storage in South Africa
TotalEnergies (TTEF.PA) announced on Friday its readiness to commence the construction of a groundbreaking 216-megawatt solar plant with battery storage…
Foreign Investors Crucial as Nigeria Grapples with Economic Challenges
Despite its sizable population, Nigeria’s contribution to the total revenues of multinational corporations operating within its borders is remarkably modest,…
Nigeria’s Naira Devaluation Fails to Boost Non-Oil Exports, Highlighting Structural Challenges
Despite the significant devaluation of the Nigerian naira since June, the country’s non-oil exports remain stagnant, revealing structural challenges that…
Pension Fund Mortgage Initiative Gains Traction: N14.83 Billion Approved for 1,371 Contributors
A pioneering initiative allowing pension contributors to utilize a portion of their Retirement Savings Account (RSA) balance for residential mortgages…
CBN Considers Fintech-Specific Corporate Governance Guidelines to Tackle Growing Fraud
The Central Bank of Nigeria (CBN) is reportedly contemplating the implementation of fintech-specific corporate governance guidelines as part of its…
CBN Forecasts Decline in Inflation and Exchange Rate Pressures, Positive Economic Outlook in 2024
The Central Bank of Nigeria (CBN) has provided a positive economic outlook for 2024, anticipating a significant decline in both…
African Countries Lose $90 Billion Annually to Illicit Financial Flows, Says AfDB Chief Economist”
Kevin Chika Urama, Chief Economist and Vice President at the African Development Bank, has raised alarm over the staggering loss…