CBN and Bankers Commit N68bn to Restore National Theatre, Launch Wole Soyinka Centre for Culture & Creative Arts
Nigeria’s cultural landscape has received a major boost with the official reopening of the National Arts Theatre, now renamed the…
Category: Economic
U.S. Treasury Yields Decline After Fed Signals Limited Rate Cut in 2025
U.S. Treasury yields experienced a decline on Tuesday following signals from the U.S. Federal Reserve that it anticipates only a…
Stock Futures Climb Ahead of Fed’s Rate Decision Amid Market Volatility
Stock futures saw a slight increase on Wednesday as investors awaited the Federal Reserve’s interest rate decision, set for release…
FCMB Hackathon: Startups Work on Solutions for Livestock Mortality and Financial Inclusion
For conceptualising and developing actionable solutions to bridge gaps in Nigeria’s agribusiness ecosystem, winners of this year’s First City Monument…
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 significant harm that financial…
Nigeria Inflation Expected to Remain High Amid Rising Costs
Nigeria’s inflation rate is projected to remain elevated, with October inflation anticipated to reach 33.10%, largely due to rising fuel…
Global Markets React as Trump Election Victory Boosts US Stocks and Cryptos
Financial markets worldwide responded variably to Donald Trump’s victory in the U.S. presidential election. Asia, response was generally bearish, with…
FG urged to stop tax reforms move
Tax consultant Adebisi Oderinde, CEO of AOC-Adebisi Oderinde & Co, has urged Nigerian President Bola Tinubu to reconsider implementing a…
Nigerian Manufacturers Urge Government Intervention Amid Economic Challenges
The Chemical and Non-Metallic Products Employers Federation (CANMPEF) has urged the Nigerian government to declare a state of emergency in…
Credit to government jumps 90% to N42trn amid rising money supply
In September 2024, Nigeria’s money supply reached an unprecedented N109 trillion, marking a 1.68% increase from the previous month and…
43% Of Global Population Lack Mobile Internet Access
A new report by the GSMA reveals that 43% of the global population 3.45 billion people still do not use…
High Costs and Policy Shifts Force Northern Rice Mills to Shut Down Amid Rising Food Prices
Rice mills in northern Nigeria are shutting down due to soaring production costs, including skyrocketing diesel prices and high electricity…
IMF SEES MAJOR MANUFACTURING SHIFT TOWARDS INDIA AND CHINA
The latest International Monetary Fund (IMF) World Economic Outlook report underscores a global shift in manufacturing from advanced economies to…