We Removed Petrol Subsidy To Satisfy Future Needs Of Our Country- TinubuGlobal food prices drop 2.1 pct in 2024: FAONigeria Can Generate $100b From Agric Yearly – Festus OsifoBalancing Priorities and Fiscal Discipline: Nigeria’s 2025 BudgetEmpowering the Next Generation: Rear Admiral Hamza Ibrahim’s ICT and Character Development Program
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Category: Economy and Capital Markets
President Tinubu Proposes Lifeline to Dangote Refinery won’t end Dangote Refinery woes – Experts
Experts in the oil and gas industry have stated that the difficulties facing the 650,000 barrel per day refinery in the sector will persist despite President Bola Ahmed Tinubu's recent…
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Nigeria’s Malta Petrol Imports Rise 342%, Reaching $2.8 Billion Last Year
Nigeria has witnessed a dramatic increase in its importation of petroleum from Malta, with figures skyrocketing by 342% to reach $2.8 billion in 2023. This significant rise comes amid ongoing…
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USD/NGN exchange rate appreciates massively
The Naira appreciated massively against the dollar upon resumption of trading at the official market on Monday. FMDQ data showed that the Naira appreciated to N1500.32 to the dollar on…
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9mobile Takes Another Giant Step, Appoints New Chief Financial Officer
The Board of Directors of Emerging Markets Telecommunication Services Limited (EMTS), operating as 9mobile, has announced the appointment of seasoned business and finance professional; Abolaji Idowu as the new Chief…
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Nigeria’s FX reserves hit $34.7bn
Nigeria’s foreign exchange reserves have reached a high of $34.7bn, according to data obtained from the Central Bank of Nigeria’s website on Sunday. This represents an increase of $110m from…
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How FBN Holdings’s Gross Earnings Soared by 181% in the First Quarter
FBN Holdings grew gross earnings by 181.43 per cent to N1.60tn in the first quarter of 2024. In a statement on Sunday, the group noted that the better-than-expected performance underscored…
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Former MTN Boss, Adrian Wood Returns To Nigeria To Lead Ntel As New CEO
The former Chief Executive Officer of MTN Nigeria, Mr. Adrian Wood, has returned to the Nigerian telecoms sector as the new CEO of ntel, the telecoms company that emerged from…
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Ecobank Unveils New Trade Hub to Connect Intra-Africa Traders
Vibrant financial institution, Ecobank Nigeria has restated its commitment to boost the export potential of locally produced textile, Adire, leveraging the African Continental Free Trade Agreement. The Executive Director of…
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Ecobank Shareholders Plans to Raise $600M in Eurobonds in 2024
The shareholders of Ecobank Transnational Incorporated have given their approval for it to raise N600m in fresh capital raise within one year. This was revealed in the resolutions adopted at…
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Nigeria’s economy’ll hit $1.85tn by 2029, IMF predicts
The International Monetary Fund has predicted that Nigeria’s economy will reach $1.85tn by 2029, in Purchasing Power Parity terms. This forecast suggests a significant growth trajectory for the country’s economy…
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