Lebanon to sell unlimited US dollars to save crashing pound
Lebanon's central bank governor, Riad Salameh has announced that the bank will sell unlimited amounts of U.S. dollars to counter the escalating devaluation of the Lebanese pound. Salameh fixed a…
Global renewable energy hits 9.6% increase in 2022
The total amount of renewable energy capacity worldwide reached 3372 gigawatts, representing an increase of 295 gigawatts or 9.6 per cent at the end of 2022. A noteworthy 83 percent…
CBN raises Monetary Policy Rate to 18%
The Central Bank of Nigeria has announced an increase in its Monetary Policy rate to 18 per cent. This was during its its 290th Monetary Policy Committee Press Briefing by…
How Nigeria spent N6.7trn on agric imports in five years – NBS
Figures from the National Bureau of Statistic shows that Nigeria spent N6.7 trillion in total over five years on the importation of agricultural goods. According to Nairametrics, this amounts to…
Experts urge Tinubu to encourage local production to mitigate importation
Bola Wilson Adekumola Financial experts have called on the President-elect, Asiwaju Bola Tinubu, to adopt policies that will enhance the local production to mitigate importation into the country. …
US oil prices drop amidst banking crises
Prices of oil in the United States declined on Tuesday due to the persistent banking crisis causing the oil market's confidence to remain low. Reuters reported that Brent crude futures…
Experts frown as NNPCL appoints expatriate subsidiary head
Experts and operators have raised concerns and frowned on the appointment of Jean-Marc Cordier to lead the oil trading arm of the Nigerian National Petroleum Company Limited. The Punch reported…
Nigeria’s poultry industry may collapse by May – Operators
Operators in the Nigeria's poultry sector and businesses have on Monday warned that the poultry industry may collapse before the end of May following the prolonged scarcity of Naira in…
UN urges rich nations to cut down emission
United Nations Secretary General, Antonio Guterres, has on Monday urged developed nations to cut down on emissions stating that the "climate time bomb is ticking. " According to Reuters, the…
Why Nigerian capital market operators must embrace technology – SEC
The Securities and Exchange Commission stated that the goal of encouraging capital market operators to develop technology is to increase the appeal of the capital market to young people. They…
DMO to auctions N360bn FG bond Monday
The Federal Government of Nigeria will be carrying out a bond auction today (Monday) through the Debt Management Office. AMBusiness reported that the DMO Federal Government of Nigeria Bonds valued…
US agency to restart sale of defunct Silicon Valley Bank
The United States Federal Deposit Insurance Corp is preparing to restart the sale procedure of Silicon Valley Bank after the most recent auction was unsuccessful in attracting any buyers. Reuters…
