Will Wednesday’s Fed Rate Cut Be Last One Until Summer 2026?
The latest employment report showed just 22,000 new jobs in August and unemployment at 4.3%, the highest since 2021.
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World Bank Urges Nigeria to Increase Public Spending for Infrastructure
In a candid keynote address at the annual banking and finance conference in Abuja, the World Bank Country Director for Nigeria, Mr. Shubham Chaudhuri, underscored Nigeria’s dire need for increased public spending. Chaudhuri made a compelling case for bolstering government expenditures, describing
Indian Investors Pledge $14B to Boost Nigeria’s Growth
In a groundbreaking display of economic partnership, India has made substantial commitments to bolster Nigeria’s infrastructure and economic development. Nigerian President Bola Tinubu, on the cusp of attending the G20 summit in New Delhi, played a pivotal role in securing these investments.
Tinubu’s India Trip Secures Hinduja Group Investments After Lengthy Flight
Nigerian President Bola Tinubu embarked on a transformative journey to India, defying the fatigue of a 15-hour intercontinental flight, to engage in high-stakes investment talks with Mr. Prakash Hinduja, Chairman and CEO of the Hinduja Group of Companies. The meeting, which lasted
Heirs Insurance Group Surge with N20bn Revenue in 2022
Heirs Insurance Group, comprising Heirs General Insurance (HGI) and Heirs Life Assurance (HLA), has made a resounding mark on Nigeria’s insurance landscape with its impressive financial results for the fiscal year ended December 31, 2022. Heirs Insurance Group, the insurance subsidiary of
UAE Carbon Alliance to Invest $450M in African Carbon Credits
The UAE Carbon Alliance, led by Her Highness Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, President and CEO of the UAE Independent Climate Change Accelerators (UICCA), has declared its commitment to purchase $450 million worth of African carbon credits by 2030.
Ex-APC Leader Urges Tinubu to Probe Alleged N500 Billion Loan Mismanagement
Jonathan Tsado Vatsa, a former All Progressive Congress (APC) and former Commissioner for Information, Culture, and Tourism in Niger State, has called upon President Bola Tinubu to launch an investigation into the alleged mismanagement of the N500 billion Anchor Borrowers loan allocated
Soludo Unveils Investment Summit, Governance Plans
Anambra State Governor, Prof. Chukwuma Charles Soludo, CFR, took center stage in the quarterly “Chat with Mr. Governor” interactive session, addressing a diverse range of issues, including the upcoming Anambra Investment Summit, security, law and order, road infrastructure, and social welfare programs.
Forex Woes, Price Controls Cede Petrol Importation to NNPCL
Independent petroleum marketers have been forced to relinquish their initial foray into petrol importation due to the dual challenges of restricted access to foreign exchange (forex) and stringent price controls. The Nigerian National Petroleum Company Limited (NNPCL) has now emerged as the
Oando to Acquire Eni’s Nigerian Onshore Division
Oando, a prominent Nigerian oil producer, has announced its plans to acquire Italian energy giant Eni’s onshore Nigerian division. This groundbreaking deal encompasses control over onshore upstream assets nestled in the heart of the Niger Delta, including a significant stake in the
CBN-backed Official Window Record Increase In Dollar Rate, USD Falls In Black Market
The price of the United States currency, the dollar, was increased by N24.53 kobo in the Investors’ and Exporters’ window of the official market on Thursday. In a report obtained from the FMDQ Exchange, the dollar rate rose to N762.71/$1 at the
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