Nigeria-China trade hits $23bn – Envoy
The Chinese Ambassador to Nigeria and Consul General of the People’s Republic of China, Yan Yuqing, estimated that bilateral commerce between Nigeria…
featured
Senate summons CBN governor over naira decline
The Senate, through its Committee on Banking, Insurance, and other Financial Institutions, called upon Central Bank of Nigeria Governor Olayemi Cardoso before…
Relocated CBN staff to resume Lagos office February 2
The Central Bank of Nigeria’s redeployed staff, estimated at 1,533 or 36.22 per cent, are due to resume in the Lagos headquarters…
Naira drops to all-time low on official window, trades at 1348/$
The naira hit an all-time low of N1348.63 per dollar on the Nigerian Autonomous Foreign Exchange Market on Monday. The PUNCH reported…
CBN releases additional $500m to clear FX backlog
The Central Bank of Nigeria has granted an additional $500 million to get rid of the verified FX backlog. According to The…
Subsidy removal to make space for development spending – IMF
The International Monetary Fund has stated that, while Nigeria and other low-income debtors are yet to request debt relief, high debt servicing…
10 unbelievable things Nigeria imports
Countries around the globe frequently partake in the importation of goods, especially when local manufacturing or production cannot meet the demands of…
NGX halts trading of delisted-GSK shares
The Nigerian Exchange Limited has halted trading on Glaxo SmithKline Consumer Nigeria Plc’s shares in anticipation of its eventual delisting from the…
NGX to draw in more investors – CEO
The Group Managing Director and Chief Executive Officer-designate of the Nigerian Exchange Group Plc, Temi Popoola, has presented a strategy for bridging…
World Bank approves $300m support package for Ghana’s economic recovery
The World Bank has approved $300 million in funds to help Ghana’s economic recovery, according to a statement issued on Tuesday. According…
Nigerian market not ready for electric vehicles – Stakeholders
Industry experts have warned against early adoption of electric vehicles in Nigeria. According to The PUNCH, they cited inadequate power supply, a scarcity…
Forbes: African billionaires’ combined wealth hits $82.4bn
Forbes estimates that Africa’s wealthiest individuals have a combined net worth of $82.4 billion, and the return of Nigerian billionaire investor Femi…