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Finance & Economy - Page 320

Economy: Don’t Suffocate Businesses, CPPE Warns Regulatory Agencies

Nigeria’s Economy Stabilises in 2025; Non-Oil Sectors Set to Drive Growth in 2026 – CPPE

Nigeria’s macroeconomic environment stabilised in 2025, setting the stage for stronger business activity and private-sector-led growth in 2026, according to the Centre for the Promotion of Private Enterprise (CPPE), Prime Business Africa reports. In its Review of the Nigerian Economy in 2025

December 31, 2025

Finance & Economy·News

IMF Projects Global Economy To Grow By 6%, Retains 2.5% For Nigeria

The global economy has been projected to grow by 6% in 2021 and 4.9% in 2022, while Nigeria’s growth outlook has remained at 2.5% for the period. The projection was made by the International Monetary Fund (IMF) in it’s World Economic Outlook

July 28, 2021

Naira Ends Week With N59.71 Gain At Official Market

Currency·Finance & Economy·News

Naira Depreciates After CBN Stops Sale Of Forex To BDCs

Following Central Bank of Nigeria’s announcement that it has stopped sales of forex to Bureau De Change operators, Naira fell slightly against the U.S dollar at the parallel market on Tuesday. The CBN accused the parallel market of becoming a conduit for

July 28, 2021

Finance & Economy·News

Amazon Debunks Accepting Bitcoin Payment

E-commerce giant, Amazon will not be accepting cryptocurrency as payments by the end of the year as some media reports had claimed. Amazon debunked the reports on Monday. “Notwithstanding our interest in the space, the speculation that has ensued around our specific

July 27, 2021

News·Oil & Gas

Oil Price Gains 0.54%, Closes At $75

Brent Crude on Monday gained 0.54% to close at $74.5 per barrel, with WTI also recorded a 0.31% increase in price and Bonny Light growing 1.27% to close at $72.8 per barrel. However, Natural gas recorded a decline of 0.07% to close

July 27, 2021

Finance & Economy·News

CBN Stops Issuance Of License To Bureau De Change Operators

Licences will not be issued to new Bureau De Change Operators across the country, the Central Bank of Nigeria (CBN) has said. The apex bank governor, Godwin Emefiele disclosed that CBN receives about 574 license applications from BDCs every month adding that

July 27, 2021

Finance & Economy·News

House Of Reps Asks EFCC To Prosecute NHIS, NIMASA, Others

The House of Representatives committee on public accounts has recommended the prosecution of former and serving management staff of the Ministries, Departments and Agencies (MDAs) of the federal government for failing to render audited accounts. The committee has also asked several MDAs

July 27, 2021

Finance & Economy·News

Unilever Nigeria Grows Profit By 60% In Six Months

Unilever Nigeria PLC has disclosed that its gross profit increased by 60% to N9.9bn for the 6-month period ended June 30, 2021 from N6.2bn in the corresponding period of 2020. The company disclosed this in a statement released on its unaudited interim

July 27, 2021

Finance & Economy·News

Nigeria’s Revenue To GDP Ratio Lowest In The World, Says World Bank

Nigeria’s revenue-to-Gross Domestic Product ratio which went down between 5% and 6% last year is the lowest in the world. This was revealed by the World Bank through its country director for Nigeria Dr. Shubham Chaudhuri during a panel session at a virtual

July 27, 2021

Finance & Economy·News

OANDO, FTNCOCOA Top Equity Gainers Chart On NGX

At close of business on Monday, OANDO and FTNCOCOA emerged leaders on the Nigerian Exchange Limited equity gainers chart. To come first on the chart, OANDO closed the day with N4.36 as against N3.97 on Friday, gaining N0.39 which is a change

July 26, 2021

Finance & Economy·News

Buhari Signs N982bn Supplementary 2021 Budget

…Commends National Assembly For Expeditious Consideration The 2021 supplementary budget of N982.7 billion to address urgent security and COVID-19 needs of the nation was, on Monday, signed by President Muhammadu Buhari in Abuja. The President signed the Supplementary Appropriation Act, 2021 in

July 26, 2021

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GivTrade Secures UAE SCA Category 5 Licence

GivTrade, an international multi-asset brokerage providing access to global markets

Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

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Finance & Economy - Page 320

Nigeria’s Economy Stabilises in 2025; Non-Oil Sectors Set to Drive Growth in 2026 – CPPE

IMF Projects Global Economy To Grow By 6%, Retains 2.5% For Nigeria

Naira Depreciates After CBN Stops Sale Of Forex To BDCs

Amazon Debunks Accepting Bitcoin Payment

Oil Price Gains 0.54%, Closes At $75

CBN Stops Issuance Of License To Bureau De Change Operators

House Of Reps Asks EFCC To Prosecute NHIS, NIMASA, Others

Unilever Nigeria Grows Profit By 60% In Six Months

Nigeria’s Revenue To GDP Ratio Lowest In The World, Says World Bank

OANDO, FTNCOCOA Top Equity Gainers Chart On NGX

Buhari Signs N982bn Supplementary 2021 Budget

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