latest news on business and economy

Naira Falls Against Dollar Across FX Markets

Naira Appreciates To ₦1,600 As Dollar Supply Rises

The Nigerian naira appreciated to ₦1,600 per dollar at the official market on Friday, 25 October. This shows a marginal appreciation at the official segment of the foreign exchange market when compared to Thursday’s closing rate of ₦1,601.20 per dollar, according to

October 27, 2024

Nigerian Govt Spends More On Debt Servicing Than Capital Expenditure, Personnel Costs, In Q1 2024

Finance & Economy·News

How Nigerian Govt Can Raise $50bn To Tackle Debt Burden – Expert

Chief Executive Officer of CFG Advisory, Tilewa Adebajo, has stated that the Nigerian government can raise $50 billion through sale of assets, reduce its debt burden. He warned that if the federal government does not take drastic measures to address the debt

August 31, 2024

Nigerian Newspapers: Top 10 Business Stories Set Off Your Thursday

News·Top Stories

Nigerian Newspapers: Top 10 Business Stories To Set Off Your Friday

Here we present to you the top 10 Business stories from Nigerian newspapers today, 22 December 2023. 1. Naira Scarcity: CBN Warns Banks, PoS Operators Against Sabotage The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) and Point

December 22, 2023

Anambra Residents Lament As Cost Of Things Bite Harder

Business·Finance & Economy

Christmas: Nigerians Slash Budget For Rice, Other Items As Costs Hit Harder

Rice is one of the staple foods in Nigeria and commonly consumed during festivities like Christmas but this time many are finding it difficult to get it for the celebration given the unprecedented price hike.

December 20, 2023

2024 Budget: Gov Makinde Presents N434.4bn As Education Gets Highest With 20.8%

News·Politics

2024 Budget: Gov Makinde Presents N434.4bn, Education Gets Highest With 20.8%

Governor Seyi Makinde of Oyo State has presented the 2024 budget of N434.4 billion to the state assembly with Education getting the lion’s share. With a resolute focus on revamping critical sectors, the budget signifies a 40% increase compared to the previous

December 5, 2023

Business·News

Naira Speculators To Burn Their Fingers As Nigerian Govt Evolves New FX Stability Measure

The Nigerian government has announced plans to automate transactions in the entire foreign exchange market in order to close wide arbitrage and punish naira speculators. This is towards ensuring that all dealings in the foreign exchange (forex) market – from the official

October 24, 2023

Finance & Economy·News

Nigeria’s Economic Growth Slips As IMF Cites Oil Production Decline

The International Monetary Fund (IMF) has delivered sobering news for Nigeria’s economic prospects. In their 2023 World Economic Outlook, released during the Annual Meetings in Marrakech, Morocco, the IMF has revised Nigeria’s growth projection downward by 0.3 percentage points. This downgrade is

October 10, 2023

Business·News·Opinion·World News

UK Inflation Limited On Nigerians As It Posts Surprise Fall To 6.7%, Says Expert

In a surprising turn of events, the United Kingdom’s inflation rate posted an unexpected decline to 6.7% in August, leaving experts and economists reevaluating their predictions and sending ripples through global financial markets. The lower-than-expected figures have now put pressure on the

September 20, 2023

Business·News·World News

Bank Of America Bullish On Axcelis Technologies In Semiconductor Market

In a surprising turn of events, Bank of America has taken a bullish stance on Axcelis Technologies (ACLS), defying the recent market downturn and initiating coverage with a Buy rating. ACL Solutions (ACLS) had a mixed performance on Friday, September 15, 2023,

September 15, 2023

Forbes List: Dangote Reclaims Richest African Title From South Africa's Johann Rupert

Business

Aliko Dangote Retains Richest Man In Africa Status With $15.6bn – Bloomberg

President of the Dangote Group, Aliko Dangote, retains the richest man status in Africa according to Bloomberg’s Billionaires Index. This is despite the volatility of the Nigerian currency against the dollar. The Bloomberg’s daily top billionaire lists, released on Tuesday, showed that

June 29, 2023

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Naira Appreciates To ₦1,600 As Dollar Supply Rises

How Nigerian Govt Can Raise $50bn To Tackle Debt Burden – Expert

Nigerian Newspapers: Top 10 Business Stories To Set Off Your Friday

Christmas: Nigerians Slash Budget For Rice, Other Items As Costs Hit Harder

2024 Budget: Gov Makinde Presents N434.4bn, Education Gets Highest With 20.8%

Naira Speculators To Burn Their Fingers As Nigerian Govt Evolves New FX Stability Measure

Nigeria’s Economic Growth Slips As IMF Cites Oil Production Decline

UK Inflation Limited On Nigerians As It Posts Surprise Fall To 6.7%, Says Expert

Bank Of America Bullish On Axcelis Technologies In Semiconductor Market

Aliko Dangote Retains Richest Man In Africa Status With $15.6bn – Bloomberg

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Trump Threatens to Cut U.S. Aid to Nigeria, Military Action Over Killings of Christians

ICRC President Says World Leaders Must Act to End Killing in Sudan

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

Security Forces Intensify Manhunt for Abducted Kebbi Deputy Speaker

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Tinubu Reaffirms Nigeria’s Commitment to Religious Freedom, Rejects Claims of Intolerance

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