The latest data from the Central Bank of Nigeria (CBN) BOP report reveals that Portfolio Investment inflows grew by 106.5%, rising to $13.35 billion in 2024, from $6.47 billion in 2023. This influx of...
Chairman of Transcorp PLC, Mr. Tony Elumelu, has revealed that the company’s market value has surged to $3 billion (N4.5 trillion), up from less than N20 billion in 2011 when the group took over owner...
Global financial experts have described Nigeria as a cash-dependent nation, where people largely depend on physical cash despite efforts by government to transform Nigeria into a cashless economy. In ...
The global community is on the brink of economic recession following the torrents of tariffs US President Donald Trump slammed on many countries with which it has trading relations in varying degrees....
The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, marking a decisive turnaround from deficits of $3.34 billion in 2023 a...
Uche Nnaji, minister of innovation, science, and technology, spoke on Tuesday at a one-day sensitisation and stakeholders’ engagement on the commencement of space regulation, spectrum management, and ...
China has retaliated once again against United States President Donald Trump’s tariff policies by hiking its levies on U.S. imports to 84 per cent. China’s Office of the Tariff Commission of the State...
The Board of Directors of the ECOWAS Bank for Investment and Development (EBID) has approved a combined financing package of €230 million and $10 million to stimulate socio-economic growth and regiona...
China vowed on Tuesday to “fight to the end” against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global ma...
President Bola Ahmed Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately. Mr. Sotinrin brings a diverse and extensive background in the...
