Category: featured

88.2% labour force lack salary-paying jobs – Report

A research by The Punch indicates that 88.2% of Nigerians of working age do not have salary-paying...

External reserves drop by $915m over naira float

Nigeria’s external reserves fell by $915 million following the Central Bank of Nigeria’s formal flotation...

Global IPO rates, investments declined in H1 – Exchanges Federation

Data from the World Federation of Exchanges has revealed that less cash equity was traded globally...

Nigeria ranks 11th globally for internet penetration – NCC

Nigeria was ranked eleventh worldwide in terms of Internet penetration and seventh in terms of...

Why E-commerce is vital to $3.4tn AfCFTA market – Stakeholders

E-commerce, according to stakeholders, has the potential to expand the $3.4 trillion African Continental Free...

Foreign refiners use credit facilities to attract marketers

International crude oil refiners have begun to provide credit facilities in an effort to help...

Raw materials import hits N8trn amid naira slump

Manufacturers have spent at least N7.9 trillion on raw materials imports in the last three...

FG spent N74bn on new naira, others – CBN report

The Central Bank of Nigeria and its subsidiary spent roughly N74.84 billion in 2022 on...

Tinubu approves presidential CNG initiative

President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative in...

CBN denies issuing new policy on Forex

By Wilson Adekumola   The Central Bank of Nigeria has debunked reports going viral on...

Transcorp-led investors acquire 60% stake in Abuja DisCo

Abuja Electricity Distribution Company has been purchased by a group of investors led by Transcorp Power...

Naira recovers, trades N850 per dollar at black market

The naira recovered against the US dollar on the parallel market, closing at 850/dollar on...