Year: 2024

Foreign exchange experts have urged the Federal Government to integrate forex trading, risk, and financial management into the curriculum of the National Youth Service Corps’ (NYSC) Skills Acquisition and Entrepreneurship…

The African Guarantee Fund (AGF) has partnered with Vista Group Holding to enhance access to finance for small and medium-sized enterprises (SMEs), with a specific focus on women-led businesses. This…

The Nigerian Exchange Limited achieved milestones at the close of trading on Tuesday, witnessing the benchmark All-Share Index rise by 3.93% to an all-time high of 87,971.09 points. Simultaneously, the…

Nigerian Ministries and Customs Embrace Technology, sIn a joint effort to enhance efficiency at the country’s ports, the Ministries of Transportation and Marine and Blue Economy, along with Nigerian Customs,…

The Nigerian Railway Corporation (NRC) has initiated the reactivation of old narrow gauge networks, with a focus on the Eastern line, currently in an advanced stage of preparation to resume…

African airlines experienced a significant 22.1% increase in Revenue Passenger Kilometers in November 2023 compared to the same period the previous year, as reported by the International Air Transport Association.…

The Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, revealed on Tuesday that the service is due for a salary review. Adeniyi, speaking in an interview with Arise TV,…

Debt Fund (NIDF) has witnessed a remarkable 97.99% growth in Profit After Tax, reaching N20.380bn at the end of 2023, compared to N10.293bn in 2022. The information was disclosed in…

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, revealed that the Federal Government is anticipated to save N8tn annually through the implementation of fuel subsidy…

Seven major oil marketers in Nigeria, including 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail, have officially registered…

President Bola Tinubu’s vision to transform Nigeria into a gas-powered economy by 2030 faces a hurdle as private investors grapple with the resources required to participate in this initiative. To…

The Nigerian National Petroleum Company Limited (NNPCL) has revealed plans to transfer the operational reins of the recently revitalized Port Harcourt Oil Refinery to private operators. Ti enhance reliability and…

Isa Pantami, the former Minister of Communications and Digital Economy, has expressed disappointment with security agencies for not effectively using the National Identity Number (NIN) linked to Subscriber Identity Module…

President Bola Tinubu has praised Tantita Security Services Limited and other security agencies for their effective collaboration in combating oil theft. The commendation was delivered by Chief of Defence Staff,…

Senator Atiku Bagudu, the Minister of Budget and Economic Planning, has emphasized the need for a minimum of $100 billion in investments to realize Nigeria Agenda 2050, with over 80%…

The equity market witnessed an upswing, gaining N874 billion at the close of trading on Monday, propelled by notable performances from Chams Holdings Plc (+10%), PZ Cussons (+10%), and 66…

As inflation continues its upward trajectory, analysts are advising equity market investors to remain resilient by focusing on stocks with robust fundamentals. The recent release of the Consumer Price Index…

Transcorp Hotels Plc, a key player in the hospitality industry, has achieved a significant milestone by entering the club of companies with a market capitalization of N1 trillion on the…

In a statement filed with the Nigerian Exchange Limited on Monday, Access Holdings Plc has successfully acquired Megatech Insurance Brokers Ltd, a move that enhances its portfolio in the financial…

The Bill & Melinda Gates Foundation has unveiled its annual budget of $8.6 billion for the year 2024, allocating a significant portion to propel advancements in global health innovations. In…

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 loan facility arranged by the Nigerian National Petroleum Company Limited.…

According to World Bank data, Nigeria is not as import-dependent as perceived by many people. Nigeria, despite being an oil-producing nation with a population of 200 million, struggles to dispel…

Despite being an emblem of Nigeria’s industrial aspirations since its initiation in 1979, the Ajaokuta Steel Mill continues to face challenges with poor performance and substantial overheads. Every administration since…

The Economic and Financial Crimes Commission (EFCC) has revived high-profile corruption cases involving former governors and ministers. The renewed investigations span alleged misappropriation of billions of naira and millions of…

The Minister of Budget and Economic Planning, Atiku Bagudu, anticipates an improvement in the exchange rate, citing the ongoing exchange reforms led by President Bola Tinubu and the Central Bank…

Less than a month into the New Year, the Nigerian Exchange Limited has achieved double-digit year-to-date gains, signaling a sustained bullish trend. At the close of trading on Friday, the…

In the first quarter of 2024, Nigeria is set to launch the National Broadband Alliance for Nigeria, an initiative aimed at enhancing broadband development and adoption in Edo, Ogun, Kwara,…

Adesola Adeduntan, the Chief Executive Officer of First Bank of Nigeria, emphasized the presence of opportunities in the 2024 budget for serious players in the Nigerian economy. Speaking at the…

Stakeholders in the hospitality industry have highlighted the potential for a substantial 400% increase in revenue within six months through harnessing Foreign Direct Investment (FDI). In an exclusive interview with…