Browsing Category
Business
Nigeria’s Power Sector Set to Seek $10 Billion in Private Investment for…
The Nigerian government aims to bridge a $10 billion investment gap in the power sector through Public-Private…
Lagos Johannesburg Cairo Set to Lead Africa’s Economic Growth by 2035
A recent report from Economist Intelligence predicts that Lagos Johannesburg and Cairo will emerge as the top…
Nigeria’s Domestic Debt Hits N66.96 Trillion Amid Inflation and Budget…
Nigeria’s domestic debt stock has surged to N66.957 trillion as of mid-2024, marking an 8.74% increase from the…
NCDMB Seeks Industry Support to Boost Nigeria’s Crude Oil Output and Energy…
The Nigerian Content Development and Monitoring Board (NCDMB) has called for robust support from industry…
MAN Urges Full Support for Dangote Refinery to Drive Nigeria’s Economic Growth
The Manufacturers Association of Nigeria (MAN) has called on the Nigerian government and citizens to support the…
Nigerian Stock Market Rebounds with N96bn Gain, Driven by Key Sector Advances
The Nigerian Exchange Limited experienced a positive shift on Wednesday as investors gained N96 billion,…
British International Investment Provides $30M to Boost Renewable Energy in…
InfraCredit has received a $30 million risk-sharing and blended local currency facility from British International…
Okonjo-Iweala Reappointed for Second Term as WTO Director-General
Ngozi Okonjo-Iweala, former Nigerian finance minister, has been reappointed as the Director-General of the World…
Nigeria’s Rising Debt-Service Costs Threaten Economic Stability Amid Naira…
Nigeria’s debt-service-to-revenue ratio surged to 162% in early 2024, significantly straining government finances…
UBA and Mastercard Unveil 75th Anniversary Commemorative Card with Exclusive…
To celebrate its 75th anniversary, the United Bank for Africa (UBA) has partnered with Mastercard to launch a…
16 major firms incur the loss of N792bn — MAN
The Manufacturers Association of Nigeria (MAN) has revealed that between 2023 and 2024, 16 major manufacturing…
EFCC Condemns Corruption in Power Sector Urges Stronger Asset Recovery Action
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has underscored the…
NAICOM Sustains Drive for Outstanding Claims Payment
The Nigerian insurance sector is undergoing significant regulatory changes under the leadership of Ayo Omosehin,…
TotalEnergies Unveils Competitive Entry Cost and Bonuses to Boost Oil Sector…
TotalEnergies has outlined five key propositions to revitalize Nigeria’s struggling oil and gas sector, which has…
Nigeria World Bank Push For Financial Inclusion To Reach 28 Million Unbanked…
At the 2024 International Financial Inclusion Conference in Lagos, Nigeria’s Federal Government, the World Bank,…
Nigeria Seeks $5 Billion Saudi Trade Facility to Propel Economic Reform
Nigeria is in discussion with Saudi Arabia to secure a $5 billion trade facility as part of its ongoing economic…
CBN Launches New Initiatives to Advance Financial Inclusion in Nigeria
At the International Financial Inclusion Conference in Lagos, the Central Bank of Nigeria (CBN) unveiled three new…
Bitcoin jumps 28% since Trump’s win
Bitcoin soared by 28% since Donald Trump’s recent U.S. presidential victory, hitting an all-time high of $88,701.…
PenCom Targets Self-Employed Professionals with Enhanced Micro Pension Scheme
The National Pension Commission (PenCom) has announced plans to expand and promote its micro pension initiative…
NSITF Disburses N6.6 Billion in Compensation and Expands Employee Welfare Coverage…
The Nigeria Social Insurance Trust Fund (NSITF) has allocated N6.6 billion to cover claims and compensation for…
Nigerian Manufacturers Face Rising Energy Costs and Operational Challenges in H1…
In the first half of 2024, Nigerian manufacturers spent a staggering N238.31 billion on alternative energy sources…
ACCESS Bank UK Opens First Branch in Hong Kong to Boost Africa Asia Trade
ACCESS Bank UK has officially launched its new branch in Hong Kong, marking a significant milestone as the first…
African Alliance to court nullify NAICOM’s dissolution of our board
African Alliance Insurance Plc has taken legal action against the National Insurance Commission (NAICOM) at the…
NAICOM hosts ibsurers committee
The 16th Insurers Committee meeting, the first under the new Commissioner for Insurance, Mr. Segun Omosehin, was…
Naira closes at N1,681.42 at official market
The naira on Monday maintained losses, closing at N1,681.42 per dollar in the official Nigerian Autonomous Foreign…
Investment in Nigerian Manufacturing Surges Despite Economic Challenges
In the first half of 2024, Nigeria’s manufacturing sector recorded a 30% increase in investments, reaching N250.13…
FX Scarcity Weighed Down Nigeria’s Ranking in Africa Financial Markets Index 2024
Nigeria secured third place in the 2024 Absa Africa Financial Markets Index (AFMI) with an overall score of 64,…
Nigeria-Taiwan Partnerships Set to Drive Growth in Africa’s Key Sectors
At the 2024 Taiwan-Africa Business Forum in Taiwan, Gabriel Idahosa, President of the Lagos Chamber of Commerce…
Exchange rate to hit N1.993/$ by 2028 — Fitch
Fitch Solutions projects a significant depreciation of Nigeria’s naira, forecasting it could fall to N1,993 per US…
RoutePay expands access for under-banked businesses
RoutePay, a fintech company, has expanded access to formal banking for under-banked individuals and Small and…