Economists at Centre for the Study of Economies of Africa (CSEA), a leading economic research and consulting services firm with special focus on trends in Sub-Saharan Africa’s (SSA’s) economies, have canvassed some fiscal and monetary policy measures for the Federal Government to implement in order to halt the dwindling foreign reserves of the country. The […]
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Monday disclosed that the Federation Account had been recording improved revenue inflow since the removal of fuel subsidy from an average of N650 billion monthly to over N1 trillion in the last four months. Edun made this disclosure at the opening ceremony […]
German Chancellor, Olaf Scholz, has pledged his country’s $4.4 billion support for Africa-European Green Energy Initiative at the ongoing G20 Compact with Africa Investment Summit in Berlin, Germany. The Chancellor said that the funding would cover the initiative through 2030 with his country importing a significant portion of its green hydrogen from African countries. Scholz […]
President Bola Tinubu has assured international investors that Nigeria remains a secured destination with high prospects for returns for their investments. Tinubu, who gave the assurance while speaking as a participant in a panel discussion on fostering local value chains and investments in Africa at the 4th G20 Investment Summit in Berlin, Germany, highlighted Nigeria’s […]
As investors’ sentiment for profit taking remained on the surging trend over the past two weeks in the Nigerian equities market, investment researchers at Bancorp Securities Limited, a leading investment research and consulting services firm in the country, have predicted a bearish trend in the local bourse’s trading this week. The firm’s analysts, in the […]
The Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has said that quality of service in the telecommunications sector remained non-negotiable and charged industry stakeholders to collaborate with the commission to make this a reality. Maida, who made this remark in Lagos at an interactive session with chief executive […]
A new research report from Fitch Ratings has reflected the growing vulnerability of European insurers to weather-related losses, primarily attributed to reinsurers reducing coverage against medium-sized natural catastrophe risks. The trend, which commenced in 2022, is exemplified by results from the Italian non-life market, demonstrating a notable impact on profitability following reinsurance cutbacks. According a […]
The Nigeria Sovereign Investment Authority (NSIA) has launched a $500m Renewables Investment Platform for Limitless Energy (RIPLE) as part of its commitment to boosting the nation’s power generation and supply on a sustainable basis in the years ahead, Specifically, the initiative aims at the development, investment, and operation of renewable energy projects across the entire […]
A new report published by the Institute of International Finance (IIF) indicated that global debt stock reached a historic high of $307.4 trillion in the third quarter of 2023, with the debt-to-output ratio in emerging markets reaching an unprecedented level during the quarter In the latest report published on Thursday, the financial services trade group […]
The Securities and Exchange Commission (SEC) has attributed the reclassifications of Nigerian securities indices by FTSE-Russell and MSCI to the current foreign exchange (FX) liquidity challenges in the country and the effects on investor confidence in the economy. FTSE Russell, a subsidiary of London Stock Exchange Group (LSEG), recently downgraded the Nigerian equities market just […]