Why Nigerian billionaires dropped on global billionaires ranking
Nigerian billionaires, Aliko Dangote – President/Chief Executive of the Dangote Group, AbdulSamad Rabiu – BUA Group chairman, and Mike Adenuga – Globacom…
featured
Five things to know before launching your fashion brand
The fashion industry is a major component of African economies, with enormous growth and development potential. The industry has various advantages, such as…
Nigeria’s budgeting process lacks clarity, discipline – Expert
The founder of Budget, a fiscal transparency platform, Seun Onigbinde, has criticized the Nigerian government’s budgeting process, saying it lacks clarity, discipline,…
S’African billionaire dethrones Dangote as Africa’s richest man
Johann Rupert and family have emerged as the richest man in Africa, dislodging Aliko Dangote as the continent’s wealthiest man in a…
2024 may not be positive, Nigerian manufacturers reveal
The Manufacturers Association of Nigeria, has stated that 2024 may not be a good year for the Nigerian manufacturing industry, at least…
Nigerian startups owe $415m 10-year debt – Report
Briter Bridges, a research and market intelligence company which focuses on developing nations, has stated that approximately $415 million has been borrowed…
Dangote, two other billionaires lost $9.3bn in 2023 – Report
The Forbes’ Real-Time Billionaires list has revealed that three Nigerian billionaires – Aliko Dangote, Abdulsamad Rabiu, and Mike Adenuga’s combined wealth would fall by…
FG secures $2.25bn Afrexim bank loan to tackle FX shortage
The Federal Government on Friday obtained a foreign exchange support package worth $2.25 billion from the African Import-Export Bank. Confirming this…
Expect further naira depreciation come 2024 – Bloomberg
US-based media firm, Bloomberg has predicted a continuous slide in the Naira in 2024, the currency’s worst performance since 1999. According to…
ICYMI: Nigeria to develop cNGN Stablecoin in 2024 – Report
Nigeria is apparently launching its first regulated Naira stablecoin called cNGN following the lifting of a two-year ban on cryptocurrency trading through…
2023: Companies that exited Nigeria amid economic challenges
Throughout 2023, Nigeria’s business environment grappled with unprecedented challenges, chiefly influenced by the complexities of an election year. Uncertainties surrounding election outcomes…
Emefiele: Your funds are safe, CBN assures Nigerians
The Central Bank of Nigeria has issued a strong affirmation regarding the security of funds within Nigerian banks, underscoring the…