Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development Revenue Technology

Investors’ Bearish Sentiment Dips NGX Cap By N518Bn

Investors’ bearish sentiment dominated trading sessions in the Nigerian Exchange on Friday, thereby causing the local bourse to close the week’s trading with remarkable deprecation in most listed stocks’ values. At the end of the trading session, the All-Share Index (ASI) traded 1.39% lower to close at 67,324.59 index points compared to the 68,271.14 index […]

Banking Budgeting E-Payment Tech & Solutions Economy News Extra Latest News Manufacturing Planning & Economic Development Political Economy Technology Telecomms

AfDB, Google Partner To Transform Africa’s $115Bn Digital Economy

The African Development Bank (AfDB) and Google LLC  have strengthened their partnership to grow Africa’s burgeoning digital economy with the signing of a Letter of Intent during the Global Africa Business Initiative at the United Nations General Assembly in New York. Analysts estimate that Africa’s digital economy is valued at $115 billion and project that […]

Banking Budgeting Foreign Exchange (Forex) Latest News National Assembly Planning & Economic Development Political Economy Professionals & HR Devt.

Cardoso Assumes Duty As Acting CBN Governor

Barely a week after President Bola Tinubu announced his nomination for appointment as Acting Governor of the Central Bank of Nigeria (CBN),Dr. Olayemi Cardoso, has formally assumed duty at the apex bank. In a statement issued on Friday, the apex bank’s Director, Corporate Communications, Dr. Isa AbdulMumin, confirmed that Cardoso together with his designated deputies […]

Banking Budgeting Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Technology Transportation

Fuel Subsidy Hardships: Infrastructure Bank To Spend N13Bn On Roads, Others

Nigeria’s Infrastructure Bank has promised to provide financial assistance to the tune of N13 billion to mitigate the consequences of the fuel subsidy removal on Nigerians, especially the poor. Specifically, the bank disclosed that the sum would be used to enhance the nation’s transportation system, particularly the road infrastructure. The bank’s Acting Managing Director, Nkiru […]

Budgeting Economy News Extra Latest News Planning & Economic Development Political Economy Privatisation & Commerce Revenue Statistics Taxation

Nigeria’s PMI Drops To 50.2 In August, As Inflation Rate Surges

Latest Nigeria’s Purchasing Managers Index (PMI) report indicated that the index dropped to 50.2 in August, down from 51.7 in July, which showed that efforts by the government to grow the economy are yielding minimal impact with the MPI marking the lowest rate over the past five months. As expected the report is sending worrying […]

Banking

TAJBank, CEO Win Global Islamic Banking Awards 2023

…..Analysts say awards attest to bank’s rising reputation globally In recognition of increasingly soaring brand reputation due to its world-class services both locally and internationally, TAJBank Limited, Nigeria’s fastest-growing non-interest banking services provider, has won the Global Islamic Finance Award (GIFA) 2023 for its ‘Best Sukuk Deal of the Year 2023’, beating scores of other […]

Banking Budgeting Latest News Planning & Economic Development Technology Telecomms

NCC Announces Change In Fixed Lines Numbering Format

The Nigerian Communications Commission (NCC), in keeping with its responsibilities under the enabling law, the Nigerian Communications Act (NCA) 2003, to manage Nigeria’s numbering resources, has announced new numbering format for fixed lines. A statement issued by the commission’s Director, Public Affairs, Reuben Mouka, disclosed that the process, Nigeria’s Fixed-Lines Numbering Format has changed from […]

Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development Revenue Technology

NGX Closes Bearish, As Investors Lose N35Bn

The Nigerian Exchange (NGX) closed negative at the end of Thursday’s trading, leading to investors’ loss of N35 billion despite the growth in the volume of traded stocks. Available data from the Nigerian Exchange Limited (NGX) on the trading trend showed that the All-Share Index (ASI) traded 0.09% lower to close at 68,271.14 index points […]

Budgeting Economy News Extra Latest News Oil & Gas Planning & Economic Development Political Economy Revenue Technology

NNPCL Signs United Nations Global Compact Letter Of Commitment

…becomes first state-owned oil firm to sign Initiative  The Nigerian National Petroleum Company Limited (NNPCL) has signed the United Nations Global Compact Letter of Commitment as a participant at the ongoing 78th United Nations General Assembly (UNGA) in New York, United States. The company confirmed its signing for the  global initiative letter in a statement […]

Agriculture & Agribusiness Banking Budgeting Economy News Extra Foreign Exchange (Forex) Housing & Real Estate Infrastructure & Capital Projects Investments/Capital Market Latest News Manufacturing Oil & Gas Planning & Economic Development Political Economy Power/Electricity Technology Telecomms Transportation

Tinubu Reiterates Nigeria’s Investment Opportunities At NASDAQ

President Bola Tinubu has advised foreign investors to explore for good returns the opportunities in the Nigerian economy through investments. Tinubu made the appeal on Wednesday in New York, when he rang the NASDAQ’s closing bell as part of the proceedings at the Executive Business Dialogue in the United States. Speaking at the event, the […]