Ghana president sacks Finance Minister amid economic crisis
Ghana’s President Nana Akufo-Addo has reshuffled his cabinet, relieving Finance Minister Ken Ofori-Atta of his responsibilities. According to reports, Mohammed Amin Adam,…
Economy
Nigerian retailers, wholesalers may not escape poverty – World Bank economists
World Bank economists, Jonathan Lain, Senior Economist, and Utz Pape, Lead Economist for Poverty and Equity Global Practice, have expressed reservations about…
Nigeria’s foreign reserves to drop 2024 – IMF
The International Monetary Fund has predicted that Nigeria’s foreign reserve is expected to decrease significantly, falling to $24 billion in 2024. “Through…
Naira strengthens at official window, weakens on black market
The naira appreciated in the official window on Monday following a statement by the governor of the Central Bank of Nigeria, Olayemi Cardoso.…
CBN bans banks, fintechs from operating foreign exchange services
Central Bank of Nigeria has prohibited Banks and financial technology firms from operating foreign money transfer services. The updated standards for IMTO…
BUA Foods sale hits N728 bn
Fortified Sugar generated the most income for BUA Foods among its several business sectors in 2023. The PUNCH revealed that the company’s overall…
BOI, IFC partner to fund industrial sector
BOI, IFC partner to fund industrial sector A stakeholder conference will be held by the Bank of Industry and the International Finance Corporation to…
EU invests €3bn, generates 160,000 jobs in Nigeria yearly – Ambassador
The European Union Council is reaffirming its commitment to a strong collaboration with the Nigerian government by investing over €3 billion yearly…
Gombe to launch N30bn green bond
Gombe State intends to sell N30 billion in green bonds to fund various infrastructural projects, according to the governor of the state,…
EFCC investigating Sirika’s Nigerian Air deal – Keyamo
Minister of Aviation and Aerospace Development, Festus Keyamo has disclosed that the Economic and Financial Crimes Commission is investigating the controversial Nigeria…
Senate summons CBN governor over naira decline
The Senate, through its Committee on Banking, Insurance, and other Financial Institutions, called upon Central Bank of Nigeria Governor Olayemi Cardoso before…
CBN moves to curb FX circulation, naira hoarding
The Central Bank of Nigeria has issued a circular aimed at addressing suspected cases of excessive foreign currency speculation and hoarding by…