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Why Nigerian insurance is one of the lowest globally - CPPE

High levies threaten survival of Nigerian airlines, says

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Lagos signs power purchase deals to boost supply

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Dangote Refinery expansion to create 95,000 jobs

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Why Nigerian insurance is one of the lowest globally - CPPE

High levies threaten survival of Nigerian airlines, says CPPE

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Lagos signs power purchase deals to boost supply by

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Hackers breach North Korean spy group’s computer

Italy okays extradition of Chinese hacker wanted by US

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Dangote urges govt, private sector partnership to eliminate malaria

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Pound falls more than 1% after BoE move
Economy

Pound falls more than 1% after BoE move

The British pound sank Thursday by more than one per cent against the dollar after the Bank of England intervened in the bond markets to head off a fresh financial catastrophe. Sterling slid as low as $1.0763 in early morning London deals one day after the BoE snapped up long-dated government bonds, or gilts, to […]

Africa's GDP grew  6.9% in 2021
Economy

Africa’s GDP grew  6.9% in 2021

Africa’s Gross Domestic Product grew by an estimated 6.9 per cent in 2021, a report has revealed but the continent still faces uncertainty. Leading global specialist risk consultancy, Control Risks and its economics consulting partner, Oxford Economics Africa disclosed this in the just concluded Africa Risk-Reward Index seventh edition event. The seventh edition themed, “Opportunity […]

Trapped funds: CBN to give foreign airlines $150m
Economy

We raised interest rate to control inflation – CBN

The Central Bank of Nigeria on Wednesday disclosed that the Monetary Policy Rate was increased by its Monetary Policy Committee in order to control the rising inflation. According to The PUNCH, this was disclosed by the CBN’s Director, Monetary Policy Department, Hassan Mahmoud at a post-MPC briefing tagged: “Unveiling Facts behind the Figures’’. The MPC […]

Islamic corporation, Uzbek firm boost SMEs with $15m
News

Islamic corporation, Uzbek firm boost SMEs with $15m

The Islamic Cooperation for Development, ICD, has signed a $15 million Murabaha Facility Agreement with Uzbek Leasing International to assist financial institutions in increasing on-financing to SMEs in Uzbekistan. ICD aims to increase access to Islamic finance by directing funds to established financial institutions in its member countries. Eng. Hani Salem Sonbol, the acting CEO […]

Cashew processing: US, Nigeria partner, target 4,500 jobs
Agribusiness

Cashew processing: US, Nigeria partner, target 4,500 jobs

The United States Department of Agriculture on Monday disclosed its plans to partner with Nigeria in cashew processing, creating 4,500 jobs in the process. This was disclosed during the 16th annual conference of the African Cashew Alliance in Abuja, the event was held between the 12th to 15th of September. As gathered, the conference was […]

How Nigerian banks performed first half of 2022
Banking

Meet highest earning Nigerian bank MDs/CEOs

In the first half of 2022, the managing directors and chief executive officers of six listed Nigerian banks received a total of N821 million in compensation, according to recent findings. In comparison to the N699 million made in the same period in 2021, this represents a 17.4% increase. According to Nairametrics, this is based on […]

eNaira hits 905k downloads
Economy

eNaira hits 905k downloads

At least 905,588 Nigerians have downloaded the eNaira on the Apple and Google application stores, the Central Bank of Nigeria has said. This was disclosed by the apex bank’s Governor, Godwin Emefiele, during Tuesday’s Monetary Policy Committee. Emefiele added that although the eNaira app is close to one million downloads, only 282,600 users out of […]

Lagos restaurant Bukka Hut's co-founder Martins commits suicide
News

Lagos restaurant Bukka Hut’s co-founder Martins commits suicide

Investment banking expert, co-founder and executive director of popular Lagos eatery, Bukka Hut, Laolu Martin has passed away. Martins allegedly committed suicide in his home in the early hours of Tuesday morning, at 3 a.m., after giving up on his alleged long-fought battle with depression. Confirming his death on Wednesday, a family statement read, “We […]

100% cashless economy possible in Nigeria - Emefiele
Economy Uncategorized

CBN raises interest rate to 15.5%

To tame rising inflation, the Central Bank of Nigeria’s policy-setting committee has raised the monetary policy rate to 15.5 per cent from 14 per cent. According to The Cable, the MPR which measures interest rate was increased again on Tuesday after two consecutive increments in 2022. The monetary policy rate is the baseline interest rate […]

Livestock sector can generate N33trn annually - FG
Economy

Livestock sector can generate N33trn annually – FG

The Permanent Secretary of the Federal Ministry of Agriculture and Rural Development, Dr. Ernest Umakhihe, said that the cattle subsector in Nigeria has a significant economic potential worth over N33 trillion yearly. Speaking during the opening of the Edo chapter of the Animal Science Association of Nigeria, in Benin City, Edo State, on Monday, Umakhihe […]

AFDB approves €29 million infrastructural fund for Senegal 
News

AFDB approves €29 million infrastructural fund for Senegal 

The African Development Bank approved a total of €29 million for improvements to the road and transport network linking six Senegalese municipalities. As obtained via the official website of the organization, the loan, which was approved on the 20th of September, 2022, is meant to support the construction of 28 kilometres of urban roads in […]

Oil Theft: Nigeria loses $150m every two days
Oil and Gas

Oil price drops to $86/barrel

The worldwide price of Brent, the global benchmark for crude, Sunday dropped to $86 per barrel even as all oil grades witnessed reduced prices on the first day of the week. This development occurred amid the recent efforts of the Organization of Petroleum Exporting Countries to stabilize the cost of the commodity. OPEC’s September 2022 […]

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