Browsing Category
Economy
Heavy sanctions for FX code breaches, CBN warns banks
The Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has warned financial institutions that violations of…
FG invests N150bn in real estate fund
The Federal Government of Nigeria, through the Ministry of Finance Incorporated (MOFI), has fully subscribed to…
Marketers fear epileptic fuel supply over unstable PMS prices
Petroleum product marketers are concerned that the instability in petrol prices may result in inconsistent fuel…
BudgIT Emphasizes NBS Independence in GDP and CPI Rebasing
BudgIT, a nonprofit focused on government transparency, has underscored the importance of the National Bureau of…
Wale Edun declares Nigeria’s electricity sector open for investment
Wale Edun, Nigeria’s Minister of Finance, has announced that the country’s electricity sector is open for…
FG should limit contracts to firms listed on NGX — Expert
Mr. Ugodre Obi-Chukwu, CEO of Nairametrics, has called for the Nigerian government to award construction contracts…
CFG Report: Banks Charge High Lending Rates to Compensate for High Regulatory…
A recent report by CFG Advisory highlights that Nigerian banks impose high lending rates to offset the costs of…
FG Unveils 2025 Outlook for Economic Diversification and Prosperity
The Nigerian government, led by Dr. Jumoke Oduwole, Minister of Industry, Trade, and Investment, is prioritizing…
Asian stocks drop after Trump’s huge tariff threats
Asian stock markets fell on Monday following Donald Trump’s announcement of steep tariffs on Colombian goods in…
Telecom regulators hail Nigeria’s spectrum management initiatives
Telecom regulators from West Africa and the Caribbean have commended Nigeria’s spectrum management strategies as a…
Africa Rising as an Investment Hub Says Shettima
Vice-President Kashim Shettima urged global investors to seize business opportunities in Nigeria during the 2025…
Interest Rate: PFAs raise investment in FGN securities by 17.7% to N13.8trn
Pension Fund Administrators (PFAs) have significantly increased their investments in Federal Government (FGN)…
Buy interest in Oando, 31 Others Lift Stock Market by 0.02%
The Nigerian stock market began the week on a positive note, increasing by 0.02% amid strong demand for Oando Plc…
Markets ride a rollercoaster as Trump returns to US presidency
Global markets experienced extreme volatility following Donald Trump's inauguration, with sharp swings across…
Investors eye US stock market after Trump’s inauguration
Investors closely monitor the U.S. stock market following Donald Trump’s inauguration for his second presidential…
Trump withdraws US from World Health Organization, halts foreign development aid
President Donald Trump has announced that the United States will withdraw from the World Health Organization…
Sokoto Strengthens Investment Drive with New Board Inauguration
Governor Ahmed Aliyu has inaugurated the Chairman and Board members of the Sokoto Investment Company, reaffirming…
NASD OTC Exchange Sees Record Growth with 224% Return
In 2024, Nigeria's NASD OTC Securities Exchange saw a significant increase in turnover, with the NASD Securities…
Recapitalisation: Access Holdings’ market cap hits N1.3tr
Access Holdings Plc has concluded its recapitalization process with 17.77 billion additional shares at the…
Government Targets Passage Of Digital Economy Bill By Q2
The Federal Government of Nigeria aims to pass the Digital Economy Bill by the second quarter of 2025 as part of…
Rising Debt Burden Hits Nigerian Firms as Liabilities Reach N3.6tn
A recent report has revealed that 15 listed companies on the Nigerian Exchange Limited recorded a combined…
Equity market loses N1.45tn in one week
The Nigerian equity market experienced significant losses last week, dropping by 2.94% to close at 102,353.68…
CBN Unveils Digital Payment and Document Management Solutions
The Central Bank of Nigeria (CBN) has launched two major initiatives: the Document Flow (DocFlow) System and the…
NBS Removes Crime Survey Report Amid Website Attack
The National Bureau of Statistics (NBS) has removed its recently published "Crime Experience and Security…
Tinubu and UAE Leader Discuss Trade Investment and Regional Stability
President Bola Ahmed Tinubu of Nigeria and Sheikh Mohamed bin Zayed Al Nahyan of the United Arab Emirates (UAE)…
Nigerians To Pay More For Calls And Data As Tariffs Increase
The Minister of Communications and Digital Economy, Bosun Tijani, has announced that Nigerians will face a tariff…
Smartphone Market Grows in 2024 Despite Economic Challenges
Global smartphone shipments grew by 2.4% year-over-year (YoY) in the fourth quarter of 2024, reaching 331.7…
NCC and FCCPC Sign Agreement to Strengthen Telecom Consumer Protection
The Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission…
FG’s Economic Policies to Boost Marketing Industry in 2025
Industry experts predict Nigeria’s marketing and advertising sector will benefit from the federal government's…
FG Confident in Achieving N36.35 Trillion Revenue Target for 2025
The federal government is optimistic about meeting its ambitious N36.35 trillion revenue target for 2025, thanks…