The Chief Executive Officer of the Nigerian Exchange Limited (NGX), Mr. Temi Popoola, has described the increasing adoption of technology in the Nigerian and other African countries capital markets’ transactions as a catalytic move aimed at boosting the growth of the capital markets in the continent. Popoola, who made this remark during the West Africa […]
Economists at the Centre for the Study of Economies of Africa (CSEA), a leading Afro-focused economic research consulting firm, have canvassed the need for the fiscal, monetary and economic planning authorities in Nigeria to synergize their policies as a strategic option of achieving a stable exchange rate for the Naira in the foreign exchange (FX) […]
The Naira appreciated against the US dollar at the official market on Wednesday, closing at NGN801.10/$1 at the end of the day’s trading session. The local currency’s appreciation in exchange value at the official market represents a 5.83% increase from the N847.77/$1 it traded at the close of the previous day’s session. According to data […]
Ogun State Governor, Prince Dapo Abiodun, has reiterated the focus of his administration to provide qualitative governance for the people of the state. Giving the assurance while speaking during the citizen’s engagement on the 2024–2026 Medium Term Expenditure Framework (MTEF) and the 2024 budget at Ijebu-Ode, the governor said he would create enabling environment for […]
The Federal Government may soon impose excise tax penalties on foreign exchange FX transactions in the black market as part of its current measures to discourage multiple foreign exchange (FX) rates in the country. The fiscal measure is one of the recommendations of the Presidential Fiscal Policy and Tax Reform Committee, established in July this […]
The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Olorundare Sunday Thomas, has unveiled seven new strategic thrusts for implementation by the commission in its sustained efforts to transform the insurance industry and its contributions to the nation’s Gross Domestic Product (GDP) in the next decade. The industry expert, […]
Researchers and investment experts at Bancorp Securities Limited, a leading investment research and consulting firm in Nigeria, have projected that the Nigerian Exchange (NGX) broad market sentiments will remain positive amid growing interest of foreign investors in Nigeria based on the President Bola Tinubu’s recent parleys with global stakeholders to attract investments into the country. […]
The United Kingdom (UK) government has pledge to help African countries expand their critical mineral supply chains – with a focus on promoting mineral exploration and processing, generating value-added activities and creating local jobs. The country made the pledge on Wednesday during the Critical Minerals Africa 2023 summit in South Africa to enable African countries […]
…Secures $4Bn Letters of Intent On Investments The National Agency for Science and Engineering Infrastructure (NASENI) and new Chinese partners signed three Memoranda of Understandings (MoUs) for new projects valued at $2 billion in the country. The Chinese companies that signed MoUs at a ceremony attended by Vice President, Kashim Shettima, on Thursday at the sidelines of […]
The European Union (EU) has promised to disburse 150 billion Euros from this year to 2027 through its Global Gateway initiative to Nigeria and other African countries to enhance infrastructure in over eight sectors. The EU Commissioner for International Partnerships, Jutta Urpilainen, made this disclosure during the launch of the Global Gateway initiative on Thursday […]