…Finance minister defends economy under Tinubu …PDP, Labour Party blast APC for politicising hardship …FG tackles food crisis as Northern elders protest inflation rate The Senate has summoned the economic team of President Bola Ahmed Tinubu over Nigeria’s poor economy, ...
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Feed SubscriptionALSCON Decay: A Wake-up Call For Government Action
Everyone who has been following proceedings in the public space with special regard to the privatization of the Aluminum Smelter Company of Nigeria (ALSCON) would agree that the legal squabbles over the soul of the moribund national asset ought to ...
Read More »Cadbury Nigeria Records 4,228% Increase In Operating Profit
Cadbury Nigeria Plc has announced an operating profit growth of 4,228 per cent for the full year ended December 31, 2023. The company’s unaudited financial statements released to the investing public on the Nigerian Exchange revealed that operating profit for the ...
Read More »NGX Commits To Financial Literacy Among Youths
The Nigerian Exchange Limited (NGX) has announced the release of the latest edition of the NGX StockTown, a unique comic book designed to promote financial literacy among the younger generation of Nigerians. NGX StockTown is the realisation of a long-held ...
Read More »AfDB Set To Disburse $540m For Dev’t Of Special Agro-Industrial Zones In Nigeria
AfDB Set To Disburse $540m For Dev’t Of Special Agro-Industrial Zones In Nigeria. All is set for the African Development Bank (AfDB) to commence the disbursement of $540 million fund to the first set of States in Nigeria for the ...
Read More »CAC Hides INTELS Ownership, Frustrates Request For Disclosure
The management of the Corporate Affairs Commission (CAC) has failed to disclose the identities of the board members of Orlean Investment Africa Limited, the real owners of INTELS Nigeria. LEADERSHIP recalls that former Vice President Atiku Abubakar had said he ...
Read More »Relief For Banks As CBN Stops Daily CRR Deductions
…Experts say move will increase banks’ lending Commercial banks in the country are heaving a sigh of relief as the Central Bank of Nigeira (CBN) reversed to its old ways of calculating and deducting cash reserve requirement (CRR), a move that analysts ...
Read More »CBN’s Takeover Of Sales Proceeds From NNPCL Illegal – Atiku
Former vice president Atiku Abubakar has said the directive by the federal government for the Central Bank of Nigeria (CBN) to take over the responsibility for crude oil sales proceeds from the Nigerian National Petroleum Company Limited (NNPCL) is not ...
Read More »Bears Dominate NGX, Market Cap Drops By N1.07trn As Investors Sell-Off
The Nigerian Exchange Limited (NGX) witnessed a bearish trend on Wednesday, with market capitalization dropping by N1.07 trillion. Specifically, the market capitalization closed at N55.357 trillion, representing a 1.89% decrease from N56.425 trillion recorded on Tuesday. Similarly, the NGX All-Share ...
Read More »IMF Trims Nigeria’s Growth Forecast To 3%, Cites Weaker South Africa Outlook
The International Monetary Fund (IMF) has trimmed its economic growth projections for Nigeria, citing a weaker outlook for neighbouring South Africa and broader global headwinds. The revised forecast, unveiled in its January World Economic Outlook Update, sees Nigeria’s economy expanding ...
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