Afreximbank and UBA Disburse $2.25 Billion Oil-for-Cash Loan to NNPC
The African Export-Import Bank and the United Bank for Africa have successfully disbursed $2.25 billion from the $3.3 billion oil-for-cash…
Day: January 15, 2024
Nigeria is not an Import-dependent Country-Data
According to World Bank data, Nigeria is not as import-dependent as perceived by many people. Nigeria, despite being an oil-producing…
Ajaokuta Steel Company: Struggle for Industrialization
Despite being an emblem of Nigeria’s industrial aspirations since its initiation in 1979, the Ajaokuta Steel Mill continues to face…
SERAP Advocates 70% Cut to National Assembly Budget, Deeming it Excessive
Nigeria’s Socio-Economic Rights and Accountability Project (SERAP) has called for a significant reduction of 70% to the National Assembly’s budget,…
EFCC Reignites High-Profile Corruption Cases
The Economic and Financial Crimes Commission (EFCC) has revived high-profile corruption cases involving former governors and ministers. The renewed investigations…
Expect Exchange Rate to Improve- Minister Bagudu
The Minister of Budget and Economic Planning, Atiku Bagudu, anticipates an improvement in the exchange rate, citing the ongoing exchange…
Nigerian Exchange: YTD Gains, Investors profits 1.8tn
Less than a month into the New Year, the Nigerian Exchange Limited has achieved double-digit year-to-date gains, signaling a sustained…
FG to Boost internet Connectivity in Eight States
In the first quarter of 2024, Nigeria is set to launch the National Broadband Alliance for Nigeria, an initiative aimed…
Opportunities in 2024 Budget for Nigerian Economy-First Bank CEO
Adesola Adeduntan, the Chief Executive Officer of First Bank of Nigeria, emphasized the presence of opportunities in the 2024 budget…
Potential 400% Revenue Increase through Foreign Investment in Hospitality- Stakeholders
Stakeholders in the hospitality industry have highlighted the potential for a substantial 400% increase in revenue within six months through…
NOVA Merchant Bank Increases Employee’s Salary by 50% Salary
NOVA Merchant Bank Limited has implemented a substantial 50% salary increase for its staff effective November 1, 2023. The bank,…