Economy

By William Emmanuel Ukpoju FBN Holdings, the parent company of First Bank — one of Nigeria’s premier banks — is gearing up for a significant capital infusion as the group has announced plans to propose a capital raise of up to N300…
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By William Emmanuel Ukpoju The surge in costs of staple foodstuff such as rice, beef, beans, garri, and yam is putting a significant strain on consumers' wallets, prompting concerns about food affordability and accessibility, as…
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By William Emmanuel Ukpoju In a bid to revolutionize agricultural practices in Nigeria, the African Export-Import Bank (Afreximbank) has awarded a substantial $100,000 grant to the American University of Nigeria (AUN). The…
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By William Emmanuel Ukpoju In a recent development, Urum Kalu Eke, the nominee from the South-East for the Central Bank of Nigeria (CBN) Board of Directors, has turned down his appointment. This development surfaced during a…
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Valuechain fully on ground at SAIPEC By William Emmanuel Ukpoju In a bid to unlock the potential of the African Continental Free Trade Agreement (AfCFTA), the Nigerian Content Development and Monitoring Board (NCDMB) has put forth a…
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By William Emmanuel Ukpoju As the world seeks sustainable solutions to meet its ever-growing energy demands, the 8th edition of Sub Saharan Africa International Petroleum Exhibition and Conference (SAIPEC), organised by the…
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Engr. Felix Omatsola Ogbe As plans to implement the African Continental Free Trade Agreement (AfCFTA) continue to unfold, the Nigerian Content Development and Monitoring Board (NCDMB) has advocated the removal of visa restrictions among…
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The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to pay up the remaining $2.2bn forex forward backlogs owed investors. The IMF is happy with the current monetary policy rate tightening, floating of…
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On Monday, the Nigerian Naira traded higher after Africa Export-Import Bank (AfreximBank) syndicated foreign currency (FCY) loans backed by oil entered the economy months after they were initially announced. The naira recovered…
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President Bola Tinubu remarked on Monday that a select few individuals have embezzled Nigeria’s collective resources under the pretext of subsidies over the past four decades. Tinubu expressed regret that Nigerians are bearing the…
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