Category: Economy

NIDF Listing: NGX market cap records N92.55bn increase

The Nigerian Infrastructure Development Fund with its Thursday listing, increased the Nigerian Exchange Limited’s market capitalization...

Nigeria loses $18.6bn in foreign investment over four years – Report

Foreign investment into the biggest economy in Africa fell by $18.6 billion over the course...

Nigeria has best return on investments, Tinubu tells Indian investors

Kazeem Owoseni     President Bola Ahmed Tinubu has commended the new Indian investors who...

NGX ASI rises as gain exceeds 68,000 basis points

The Nigerian Exchange Limited’s All-Share Index reached an all-time high of 68,279.14 basis points just...

Financial stakeholders demand improvement of African economy

Financial sector stakeholders have stated that cooperation amongst all sectors is necessary to enable faster...

Nigeria’s GDP rose 19.54% in Q2 2023 – Report

In the second quarter of 2023, ICT-related activities accounted for 19.54% of Nigeria’s real Gross...

CBN threatens BDC crackdown as naira falls to 900/$

The naira lost value on the parallel market on Wednesday, ending the day at 900/dollar....

Nigeria’s inflation hits 24.08% – NBS

The National Bureau of Statistics has revealed that Nigeria’s inflation rate rose to 24.08 per...

Nigeria lost $7bn to flood in 2022 – Shettima

The Vice President of Nigeria, Kashim Shettima disclosed at the UN Framework Convention on Climate...

Inflation: Nigeria doing better than other African countries – CBN

According to the Central Bank of Nigeria, the country’s inflation rate is lower than that...

Tinubu’s tax committee chair demands diesel VAT suspension

The chairman of the presidential committee on tax policy and fiscal reforms, Taiwo Oyedele, has...

Nigeria sits top of global unemployment rating – Report

Nigeria has the highest rate of unemployment according to a review of the most recent...