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Senate Summons Economic Team Over Hardship

Senate Summons Economic Team Over Hardship

…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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ALSCON Decay: A Wake-up Call For Government Action

ALSCON 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 ...

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Cadbury Nigeria Records 4,228% Increase In Operating Profit

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 ...

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NGX Commits To Financial Literacy Among Youths

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 ...

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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

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 ...

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CAC Hides INTELS Ownership, Frustrates Request For Disclosure

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 ...

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Relief For Banks As CBN Stops Daily CRR Deductions

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 ...

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CBN’s Takeover Of Sales Proceeds From NNPCL Illegal – Atiku

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 ...

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Bears Dominate NGX, Market Cap Drops By N1.07trn As Investors Sell-Off

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 ...

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IMF Trims Nigeria’s Growth Forecast To 3%, Cites Weaker South Africa Outlook

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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