ECONOMY

Investment pledges amounting to nearly $14 billion U.S. dollars were committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi convened by H.E. President Bola Ahmed Tinubu. Heirs Holdings Group Chairman, Tony O. Elumelu C.F.R., urged the Indian private sector to seize the opportunity to invest in Nigeria, during...

The Executive Vice Chairman and Chief Executive Officer (EVC/CEO) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has commended the Swedish Government and Ericsson for their commitment and consistency in a strategic partnership with the Commission on capacity building which has strengthened the its regulatory activities. Speaking at...

Olawale Edun, Minister of Finance and Coordinating Minister of the Economy, has stated that Nigeria’s economy last appeared stable about a decade ago, during former President Goodluck Jonathan’s tenure. At a press briefing on Friday in Abuja, Edun stated that the foreign exchange rate was constant, as were interest rates...

  The Central Bank of Nigeria (CBN) has criticized JP Morgan’s recent estimate of Nigeria’s foreign exchange reserves, calling it a misrepresentation. CBN’s Director of the Monetary Policy Department, Hassan Mahmud, made the apex bank’s feeling on the issue known while speaking with AIT, stressing that fluctuations, liabilities, and encumbrances...

  In line with its commitment to enabling success for its customers, Union Bank has partnered with its parent company, TGI Group and Women's World Banking, to introduce the 'Digital Supplier Credit' solution under its women's banking proposition, αlpher. The 'Digital Supplier Credit' solution is designed to address the financial...

Recently, key players from the government, the diplomatic community, civil society, and the public and private sectors gathered in Lagos for the two-day Africa Social Impact Summit (ASIS), co-convened by Sterling One Foundation and the United Nations, Nigeria. The gathering, which was held under the theme - Global Vision, Local...

Nigerian human right lawyer, Femi Falana (SAN), has sued the Central Bank of Nigeria (CBN), for allegedly  floating  the naira. Falana, who disclosed this on Friday, when he was featured on Channels Television’s Sunrise Daily, said the decision of the CBN under President Bola Tinubu to float the naira is...

  asks govt to meet OPEC quota, check crude oil theft, resume domestic refining     The Nigeria Employers’ Consultative Association (NECA) has given the Federal Government tips on how to reduce the pressure of Foreign Exchange (FOREX) and other economic challenges associated with it, advising the government to ramp...

The Nigerian National Petroleum Company Limited (NNPC Ltd) has secured an emergency $3billion crude oil repayment loan which is aimed at stabilising the naira. NNPC Limited in a statement on Wednesday said it secured the crude-for-cash funding from African Export-Import (AFRIEXIM) Bank headquarters in Cairo, Egypt. The oil-for-cash loan is...

The Nigeria Economic Summit Group (NESG) revealed that Nigeria would experience stronger economic growth in 2023 as firms’ new orders, output growth rate, and inventory activities increase. This is according to Mr. ‘Laoye Jaiyeola, the Chief Executive Officer, the NESG, at the third Edition of the Mid-Year Review of 2023...