Blog

Average commuters’ inter-city travel fares surged 78% in 2024 – NBS

Passengers paid an average of N7,129.46 each for intercity bus travel inside Nigeria, representing a considerable increase of 78.14% from N4,002.16 in May 2023. This figure comes from the Transport Fare Watch for May 2024, recently released by the National Bureau of Statistics. Additionally, the report showed that, month over month, the average fare in […]

monwubukepdnlimited-com
29th June 2024
0 Comments
27 Views

News

Nigeria economy has capacity to reach $6tn when harnessed – Financial expert

The Chief Executive Officer of The CFG Advisory, Tilewa Adebajo, has declared that the Nigerian economy has the capacity to reach $6 trillion if properly harnessed. He disclosed this at the June 2024 edition of the Finance Correspondents Association of Nigeria bi-monthly forum in Lagos, according to The Punch. He stated that the country’s economy […]

monwubukepdnlimited-com
29th June 2024
0 Comments
36 Views

News

Nigeria can increase revenue without imposing more taxes – Taiwo Oyedele

The Chairman of Nigeria’s Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele believes that Nigeria can greatly increase its revenue without imposing additional taxes. Rather he suggests better tax administration and the use of technology to solve the anticipated N20 trillion tax shortfall. This was disclosed in a live interview on Channels Television’s “Politics […]

monwubukepdnlimited-com
29th June 2024
0 Comments
17 Views

News Tech

Amazon increases credits for startups using its cloud infrastructure

Amazon will increase the value of credits for startups using its cloud infrastructure in response to increased competition from Microsoft in AI services, according to CNBC. Starting July 1, firms that have obtained a Series A round of funding within the last year will be eligible for $200,000 in credits through AWS’ Activate program, up […]

monwubukepdnlimited-com
29th June 2024
0 Comments
22 Views

Economy News

Banks to deposit excess FX in CBN Lagos, Abuja offices

The Central Bank of Nigeria on Friday published updated guidelines for Deposit Money Banks to deposit surplus foreign currency notes at its Lagos and Abuja offices. This initiative seeks to harmonize exchange rates between parallel and official markets. The official foreign exchange closed at N1,505.30 on Friday, but the black market rate was N1,520. The […]

monwubukepdnlimited-com
29th June 2024
0 Comments
57 Views

Nigeria's external reserves reach 22-month high amid weak Naira

featured

Naira ranked world’s worst-performing currency in 2024

The naira has emerged as the world’s worst-performing currency in the first half of 2024. According to a Bloomberg report published on Friday, devaluation, insufficient dollar liquidity, and market volatility have hampered the Central Bank of Nigeria’s efforts to strengthen the currency. Aside from the naira, Egypt’s pound and Ghana’s cedi were the world’s other […]

monwubukepdnlimited-com
29th June 2024
0 Comments
34 Views

Economy News

FG raises N284b in treasury bills auction

The Federal Government, through the Central Bank of Nigeria, raised a total of N284.26 billion in the latest Nigerian Treasury Bill auction. This follows as its T-Bills debts surged to N10.4 trillion between December 2023 and March 2024, representing a 60% increase in just three months, according to The Punch. According to the Debt Management […]

monwubukepdnlimited-com
28th June 2024
0 Comments
68 Views

Energy News

FG secures $50m for CNG infrastructure boost

The federal government announced yesterday that investors had raised $50 million over the last six months to fund infrastructure development for compressed natural gas adoption in the transportation sector. In addition, the government announced a 50 per cent discount on conversion kits priced between N1.2 million and N1.5 million to encourage carriers to switch to […]

monwubukepdnlimited-com
28th June 2024
0 Comments
27 Views

News

International Energy Insurance adjusts strategies to tackle climate change

International Energy Insurance Plc, a Norrenberger Group affiliate, has announced that it is modifying its product offering and risk management strategies in response to climate change. This follows the global calls for the private sector to step up in the face of natural disasters hitting Africa and now Nigeria as a result of climate change, […]

monwubukepdnlimited-com
28th June 2024
0 Comments
21 Views

FG inaugurates taskforce to combat illegal charter operations

The Federal Government on Thursday in Abuja, inaugurated a Ministerial Task Force to address illegal private charter operations and related issues within the aviation industry. The Minister of Aviation and Aerospace Development, Festus Keyamo, announced that the task force will conduct a comprehensive inventory of all Private Non-Commercial Flight holders and Air Operator Certificate holders. […]

aomenyepdnlimited-com
28th June 2024
0 Comments
24 Views

The Nigerian Exchange continued its downward trajectory on Tuesday, losing N265 billion as weak investor sentiment persisted.

News

Equity market maintains bullish momentum as investors gain N6.29bn

The equity market continued its bullish trend on Thursday, with investors securing gains of approximately N6.29 billion. Positive trading activity was driven by buying interest in Seplat Energy Plc, United Bank for Africa, and First Bank of Nigeria Holdings. The market capitalisation increased by 0.11 percent to close at N56.28 trillion, while the all-share index […]

aomenyepdnlimited-com
28th June 2024
0 Comments
15 Views

News

UK economy hits unexpected growth

Britain’s economy rebounded from a brief recession in the first quarter with stronger-than-expected growth, according to revised data released on Friday. This development provides a boost to embattled Prime Minister Rishi Sunak just days before the general election. The Office for National Statistics reported that gross domestic product grew by 0.7 percent in the first […]

aomenyepdnlimited-com
28th June 2024
0 Comments
22 Views

Nigeria ships first Obodo crude blend, says NUPRC

UK unveils major visa overhaul to cut legal

BUA cement announces revised date for ₦2.05 dividend

Lagos partners BOI, Sterling Bank to boost MSMEs

Contact Info

Some Populer Post

Sony shares climb amid volatility after $1.7b buyback news

IMF warns AI power surge could strain global energy

Nigeria, W’Bank partner to reclaim degraded land

CBN, NIBSS partner to launch BVN platforms for Nigerians

Average commuters’ inter-city travel fares surged 78% in 2024 – NBS

Nigeria economy has capacity to reach $6tn when harnessed – Financial expert

Nigeria can increase revenue without imposing more taxes – Taiwo Oyedele

Amazon increases credits for startups using its cloud infrastructure

Banks to deposit excess FX in CBN Lagos, Abuja offices

Naira ranked world’s worst-performing currency in 2024

FG raises N284b in treasury bills auction

FG secures $50m for CNG infrastructure boost

International Energy Insurance adjusts strategies to tackle climate change

FG inaugurates taskforce to combat illegal charter operations

Equity market maintains bullish momentum as investors gain N6.29bn

UK economy hits unexpected growth

Sony shares climb amid volatility after $1.7b buyback.

IMF warns AI power surge could strain global.

Nigeria, W’Bank partner to reclaim degraded land

CBN, NIBSS partner to launch BVN platforms for.

Sign Up for Our Newsletter