Nigeria’s foreign reserves plunge to $38.3bn
The Central Bank of Nigeria has revealed that the nation's external reserves at the end of September dropped to $38.318 billion signifying a 5.42% decrease. According to the financial institution,…
Nord Stream gas leak has stopped, says spokesman
The Nord Stream 2 pipeline is no longer leaking under the Baltic Sea because an equilibrium has been reached between the gas and water pressure, a spokesman told AFP. "The…
GEF, UNDP fund rural electricity for agriculture with $5.91m
The Africa Mini-grids Programme, an initiative of the Global Environment Facility, with the support of the United Nations Development Programme, the Rural Electrification Agency have subsidized electricity for rural…
Stock market rebounds, investors gain N14bn
The stock market recovered on Wednesday with a gain of N14 billion after suffering a loss of N15 billion on Tuesday. According to The PUNCH, the market capitalization of the…
Asset declaration: Ensure strict compliance, FG warns officials
The Federal Ministry of Works and Housing has warned directors in public offices to strictly adhere to the assets declaration code of conduct or risk sanctions. According to The Punch,…
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…
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…
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…
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…
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…
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.…
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,…
