Circulated currency drops first time in five months – Report
The total quantity of currency in circulation in the country decreased from N2.6tn (N2,603,266m) at the end of June 2023 to N2.59tn…
Business
Nigeria to engage in continental trade initiative – AfCFTA
Nigeria’s National Working Committee for the African Continental Free Trade Area Executive Secretary, Segun Awolowo, has stated that the country is prepared…
Farmers lament as food prices soar
Nigerian farmers claim that despite massive investments made in the agriculture industry, the cost of goods and food continues to rise. According…
“Barbie” tops Nigerian Box Office, earns N177m
“Barbie,” a movie directed by Greta Gerwig, has retained its top spot at the box office in Nigeria, earning N177 million in…
FBS Re records N16.6bn premium growth
FBS Reinsurance Limited, often known as FBS Re, a recently created reinsurer in Nigeria, saw a 110 percent increase in gross written…
Port congestion persists as scanners remain underutilized – Report
Following signs that the installed scanners are currently underutilized, there appear to be additional obstacles in decongesting Nigeria’s seaports in Lagos. The low turnover…
How Nigeria earned $742bn oil revenue 21 years – NEITI
Nigeria gained $741.5 billion and N635.3 billion from the oil/gas and solid minerals sectors, respectively, over 21 years, according to the Nigeria…
Hyundai’s Indian unit to acquire GM’s Talegaon plant
Hyundai Motor Co.’s Indian arm is set to acquire General Motors’ Talegaon plant in Maharashtra, a strategic move that not only enables…
Why business partnership are difficult to form in developing nations – Tony Elumelu
A well-known businessman and Chairman of Heirs Holdings, Tony Elumelu, has provided insight into the challenging aspect of creating partnerships in developing countries. Although…
NASD OTC stock market depreciates by 0.64%
The NASD Over-the-Counter Securities Exchange fell 0.64 percent on Tuesday, August 15, as the health of three admitted equities on the trading…
Nigeria’s economy to grow more rapidly in 2023 – NESG
The Nigeria Economic Summit Group has stated that Nigeria’s economy will grow more strongly in 2023 as a result of rising firm new…
Kuda CTO applauds FG’s policy on digital economy
Chief technology officer and co-founder of Kuda Technologies Limited, Mr. Musty Mustafa, has praised the federal government for its digital economy policy and…