Nigeria Aims to Slash $4bn Garment Imports, Revive Local Textile Industry with BoI Partnership
The Nigerian government is ramping up efforts to cut down its unsustainable $4 billion annual garment import bill by reviving…
Month: April 2025
NDIC to Pay Full Liquidation Dividends to Depositors of 20 Failed Banks
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will pay a 100% liquidation dividend to depositors of 20…
Nigeria’s Business Confidence Soars as PMI Reaches 52.3 in March 2025
Nigeria’s private sector continued its growth momentum in March 2025, as the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index…
Dangote Refinery begins global export of refined petroleum products
The Dangote Petroleum Refinery has officially kicked off global exports of refined petroleum products, marking a major milestone for Nigeria’s…
NGX Group Approves ₦4.4 Billion Dividend, Sets Sights on Private Capital Market Expansion
The Nigerian Exchange Group (NGX Group) Plc has approved a ₦4.4 billion dividend payout to shareholders, marking a dividend of…
Nigeria Records $6.83bn Balance of Payments Surplus in 2024, Signaling Economic Revival
Nigeria’s economy is showing promising signs of recovery with a recorded balance of payments (BoP) surplus of $6.83 billion in…
Global Markets Soar After Trump Halts Tariff Plans, but China Faces Increased Duties
Global stock markets experienced a significant boost on Wednesday following President Trump’s surprising announcement of a 90-day pause on his…
Nigeria Sees Record Remittance Inflows Under Cardoso, Strengthening Economy
In 2024, remittance inflows into Nigeria reached $20.98 billion, a nine percent increase from the previous year and the highest…
Nigeria Can Withstand U.S. Tariff Hike with Strategic Reforms – Trade Leader
The Vice President of National and International Affairs for the West African Cross Border Traders group, Salami Nasiru Alasoadua, has…
AI Will Boost Human Productivity, Not Replace It – Prof. Abah at StemCon 2025
At the recently held StemCon 2025 at Nile University, Professor Joshua Abah, Dean of the Faculty of Computing, reassured attendees…
Crude Oil Plunges to $60 as China Strikes Back with Steep Tariffs
Crude oil prices plunged on Wednesday, with Brent falling to $60.46 per barrel, down from $63 the previous day, and…
My thesis on sustainable development of our great State
Creating a sustainable future requires bold and innovative strategies that focus on economic growth, social well-being and environmental care. By…
Pension Fund Investments in Nigerian Infrastructure Soar as Assets Triple Over 5 Years
In recent years, Nigerian pension fund managers have significantly increased their investments in infrastructure, with the sector seeing a 218%…
Waste Managers in Nigeria Urge Government to Adopt Cost-Reflective Tariffs Amid Rising
The Association of Waste Managers of Nigeria (AWAMN) has called on the Nigerian government to introduce a cost-reflective tariff structure…
GRA Exceeds Q1 Tax Revenue Target, Collects GH₵41bn
The Ghana Revenue Authority (GRA) has announced an impressive performance in the first quarter of the year, surpassing its tax…
FG Confirms Continuation of Crude and Refined Product Sales in Naira Initiative
The Federal Government has reaffirmed that the Crude and Refined Product Sales in Naira initiative is a permanent policy. The…
Global Economists Condemn Trump’s Tariffs, Warning of Recession and Disruptions
Economists around the world are raising alarms about the potential consequences of President Donald Trump’s sweeping tariffs, which have escalated…
Nigeria Moves to Unlock Climate Fund for Green Investment and Climate Action
In a significant move to accelerate its green transition, Nigeria’s Federal Government has committed to fully operationalising the Climate Change…
European Stocks Plunge 3% Amid Trump’s Tariff Implementation, Market Uncertainty Rises
European stocks faced a steep decline on Wednesday, with the pan-European Stoxx 600 index dropping 3.08% by mid-morning in London.…
Champion Breweries Achieves N21bn Revenue in 2024, Strengthens Brand Presence in Akwa Ibom
Champion Breweries Plc in Uyo, Akwa Ibom, reported a remarkable financial performance for 2024, with a revenue of N21 billion.…
NGX Group FY 2024: Strong Revenue Growth of 103.53% Driven by Market Activity and Strategic Focus
The Nigerian Exchange Group (NGX) reported impressive financial results for the year ending December 31, 2024, with a significant 103.53%…
Pension Funds Investment in Nigeria’s Real Sector Reaches N5.51 Trillion
Nigeria’s pension industry has committed a substantial N5.51 trillion towards financing key sectors critical for long-term economic growth, according to…
NCC Moves to Regulate Unclaimed Airtime and Data Balances for Telecom Subscribers
The Nigerian Communications Commission (NCC) has initiated discussions on regulating unclaimed airtime and data balances in the telecommunications sector. The…
Experts Urge Balance Between AI and Human Resources in Insurance Industry
As technological advancements such as Artificial Intelligence (AI), Big Data, IoT, and Blockchain continue to transform industries, experts in the…
Sanwo-Olu to inaugurate Rack Centre LGS2 Data Centre April 10
On April 10, 2025, the Governor of Lagos State, Babajide Sanwo-Olu, will officially inaugurate the LGS2 Data Centre, a state-of-the-art…
CBN Targets 95% Financial Inclusion by 2024 to Reduce Financial Exclusion
The Central Bank of Nigeria (CBN) has set an ambitious target to achieve 95% financial inclusion by the end of…
Bond Selloff Signals Global Market Turmoil Amid U.S. Tariff Escalation
U.S. Treasuries experienced significant losses as a global market rout was sparked by the imposition of high U.S. tariffs, leading…
Adesina Advocates for Stronger Global Partnerships to Boost African Economic Growth
Dr. Akinwumi Adesina, President of the African Development Bank Group, emphasized the importance of fostering global alliances to enhance economic…
Trump’s 14% Tariff Imposes Risks on N323.96bn Nigerian Non-Oil Exports to the US
US President Donald Trump’s newly implemented Universal Baseline Tariff, announced on April 2, 2025, has placed a significant portion of…
Crypto Market Crashes as Trump’s Tariffs on China Trigger Financial Chaos
The cryptocurrency market has been hit hard following the implementation of U.S. President Donald Trump’s tariffs on Chinese goods. Bitcoin…