According to NAN, the contract covers engineering, procurement, construction, and financing for the implementation of transmission lines under phase 1 of the presidential power initiative (PPI). At th...
President Donald Trump’s 14% tariff on Nigerian exports, such as cocoa, fertilizers, and ginger, could have unintended consequences for Nigeria’s banking sector. Although currently on hold f...
On Wednesday, United States President Donald Trump raised China’s tariff rates from 104 percent to 125 percent and paused tariffs for dozens of other countries. In a statement on Wednesday, Okonjo-Iwe...
Out of the $1.8 billion Nigeria spent on debt servicing in the fourth quarter of 2024, the International Monetary Fund (IMF) received a lion’s share of $407.97 million. This, according to the Debt Man...
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 ...
