Nigeria’s Finance Minister, Wale Edun, Outlines Strategy to Reduce Reliance…
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has unveiled the government's…
Naira Remains Near Lows on P2P Market as Dollar Inflows Remain Weak
The Nigerian Naira is struggling to gain strength against the US Dollar, particularly on the Peer-to-Peer (P2P)…
Nigeria to Launch Passport Application Automation, Review Immigration Policy
The Minister of Interior, Olubunmi Tunji-Ojo, has announced the commencement of the passport application…
Proparco and 27four Invest R550 Million in Divercity to Expand Affordable Housing…
Proparco, in collaboration with South African investment manager 27four, has led a R550 million investment in…
Saudi Arabia’s Center3 Acquires CMC Networks for Regional Growth
Center3, a wholly owned subsidiary of Saudi Arabia's stc Group, has finalized an agreement to acquire CMC…
Swedfund Invests USD 32 Million in Apis Growth Markets Fund III to Drive…
Swedfund, Sweden's development finance institution, has invested USD 32 million in Apis Growth Markets Fund III.…
Ampersand Raises USD 19.5 Million for Electric Motorcycle Expansion in Africa
Ampersand, Africa's pioneer in electric transport energy, has successfully raised $19.5 million in a funding…
IFC Invests $50 Million in EMIF II Fund to Address Infrastructure Gaps in Asia and…
The International Finance Corporation (IFC), a member of the World Bank Group, has committed a $50 million equity…
2023, A Challenging Year for Businesses- Expert
During an interview with Daily Trust, Adewale-Smatt Oyerinde, the Director General of the Nigeria Employers’…
NIMASA Urges Shipowners to Unite for Accessing $360 Million Fund
The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has…
Cement Prices to Drop at N3500 in 2024- BUA Chairman
BUA Chairman Abdul-Samad Rabiu recently reaffirmed his commitment to selling a bag of cement at N3500 in 2024, as…
Impact of Naira Devaluation: Winners and Losers Among Nigerian Companies
The liberalization of Nigeria's foreign exchange regime in 2023, resulting in a significant devaluation of the…
Naira Hits Low Against Dollar: Implications for the Nigerian Economy
The Naira reached a historic low of N1,043.09 per dollar on Wednesday due to robust demand for the greenback…
Demand Amid UK’s Cost of Living
Dame Clare Moriarty, CEO of Citizens Advice, emphasized the worsening situation in UK as many individuals demand…
Rail Fares to Rise by 4.9% in England
Rail fares in England are set to rise by 4.9% in March, following the government's decision to tackle the planned…
Nigeria’s Struggle to Diversify Economy Despite Pledges
Despite governmental assurances to diversify Nigeria's economy away from overreliance on oil exports, recent data…
Dashed Hopes in Aviation for 2023- Mr Fortune Idu
The Chief Executive Officer of FCI International, Mr. Fortune Idu, characterizes the year 2023 in aviation as one…
Naira to Dollar Exchange Rate will Improve in 2024- FG
Ben Akabueze, the director-general of Nigeria's budget office, recently expressed optimism about the Naira gaining…
Intra-City Bus Fares in Nigeria Decline for Second Consecutive Month Despite…
Despite the increasing pump prices of petrol and diesel in Nigeria, intra-city bus fares dropped for the second…
Consumer Loans in Nigeria Reach Four-Year High Amidst Rising Inflation
The demand for bank loans by consumers in Nigeria has surged to its highest level in almost four years, reaching…
Nigeria’s Water Infrastructure: NPA and Apapa LCDA Collaborate for…
The Nigerian Ports Authority (NPA) has joined forces with the Apapa Local Development Council Area (LCDA) in…
Development Bank of Nigeria Clinches $400,000 Award for Sustainable Development…
The Development Bank of Nigeria (DBN) has achieved a significant milestone by winning the prestigious 2022 Arab…
World Bank Predicts Worsening Insecurity and Economic Hardship in Six Nigerian…
The World Bank has issued a concerning prediction, indicating that persistent insecurity, armed conflict, and…
Nigerian Banking Stocks Maintain Positive Trend Amidst Market Dip
On the first trading day post-Christmas, the Nigerian Exchange Limited witnessed a decline of N139 billion in…
The Impact of High Import Duty on Vehicle Seizures in Nigeria
The Nigeria Customs Service (NCS) has seized 533 units of vehicles with a duty paid value of N2.92 billion between…
Unlocking Cross-Border Gas Opportunities – Nigeria’s Riverside LNG…
In a strategic move to tap into emerging opportunities in the gas market, Nigeria-based gas production firm,…
World Bank Disburses $1.45 Billion to Nigeria from States Fiscal Transparency…
In a significant financial development, the World Bank has announced the disbursement of $1.45 billion to Nigeria…
Experts Predict Further Increase in Nigeria’s Public Debt Following Modest…
Nigeria's total public debt is expected to experience a notable upward trajectory, as it increased by 0.61%…
Central Bank of Nigeria Reassures Public on Safety of Funds Amid Speculations
The Central Bank of Nigeria (CBN) has affirmed the safety of funds in Nigerian banks, reassuring the public about…
Intercity Bus Travel Costs Surge by 61.27% in November, Says NBS Report
The National Bureau of Statistics (NBS) reported a significant surge of 61.27% in the costs of intercity bus…