Category: Economy and Capital Markets

Naira Likely to be Devalued by 20% in 2023, Bank of America Says

Nigeria’s local currency unit is set to weaken further next year as its current exchange rate to the dollar is well above fair value, according to Bank of America. According…

Read More Arrow

Otedola’s Geregu becomes first power firm to list shares on NGX

YESTERDAY’S listing of Geregu Power Plc paidup share capital on the floor of the Nigerian Exchange (NGX) cleared the coast for trading on the shares of the electricity power generation…

Read More Arrow

Sterling Bank Announces Name Change, Move to Cement Its Leadership Position in Key Sectors of the Economy

One of Nigeria's leading commercial banks, Sterling Bank, has announced plans to change its name The move follows shareholders' approval for the bank to operate a holding company that involves…

Read More Arrow

2023: We will tackle poverty in 18 months, create 30 million jobs – Adebayo

Prince Adewole Adebayo, the Presidential candidate of the Social Democratic Party, SDP, says he would eradicate poverty in 18 months, if elected, by curbing stealing of crude oil, cutting cost…

Read More Arrow

Quidax Launches US Dollar (USD) Savings with to up 10% interest

Company Hits Milestone of 2.4 million visitors in one hour after QR Code Advert aired on Africa’s Largest TV Show African-founded crypto exchange, Quidax on Friday announced the launch of…

Read More Arrow

Multichoice, stakeholders reject ‘Pay-per-view’

MULTICHOICE Nigeria and other Stakeholders in the broadcast communication sector have totally  rejected a proposed pay-per-view for pay TV. Almost all the stakeholders that made presentation at the public hearing…

Read More Arrow

Anxiety grips Lekki residents as the port project nears completion

This is even as the Federal Government has provided sovereign guarantees totalling $3.306 billion and N2.72 trillion for infrastructure projects currently going on across the country, including the Lekki Deep…

Read More Arrow

Restructure  curriculum to accommodate crop production, group urge government.

Global Environmental and Climate Conservation Initiative (GECCI) has called on the government through the Ministry of Education to restructure  the curriculum to ensure that the third term school curriculum emphasises…

Read More Arrow

Nigeria earns zero revenue in one month from Crude Oil for the first time

At a time like this when many oil exporting countries are following the international crude oil market with broad smiles, the Nigerian National Petroleum Company (NNPC) Limited posted zero revenue…

Read More Arrow

TikTok app opens recruitment in Nigeria

Short-form video streaming app TikTok has opened recruitment portals to fill positions in Nigeria and other countries.  The job listings were seen on Tiktok’s career page and the open positions…

Read More Arrow