CATEGORY
Business and Economy
GSK Exit Raises Concerns of More Foreign Companies Leaving Nigeria
There is growing concern among industry observers that additional foreign companies might follow suit after GlaxoSmithKline Consumer Nigeria Plc recently announced its decision to...
Okonjo-Iweala Visits Tinubu, Discuss WTO’s Plans To Support Nigerians
The Director General of the World Trade Organization, Dr Ngozi Okonjo-Iweala, says her meeting with President Bola Tinubu in Abuja on Tuesday was aimed...
“Stock Market Begins Week on Positive Note, Registers N75bn Gains”
The domestic stock market started the week with a positive trajectory, recording a gain of N75 billion, primarily driven by investor interest in MTN...
“Federal Govt Launches ‘Export774’ Initiative to Boost Non-Oil Exports and Economic Growth”
The Nigerian federal government has taken a significant step towards economic transformation with the launch of the "Export774" initiative. Spearheaded by the Nigerian Export...
Top 10 African Countries with Highest Fuel Prices in 2023
The global fuel market has experienced fluctuations, impacting economies, industries, and consumers worldwide. African economies also struggle with the consequences of rising fuel costs,...
“President Tinubu Launches Ambitious 350MW Power Project, Pledges Stable Electricity for All 💡”
By Daniel EduPresident Bola Tinubu has issued a directive to the Nigerian National Petroleum Company Limited (NNPCL) to complete the construction of a 350-megawatt...
Currency In Circulation Rises By 87.05% Hits N2.26tn, says CBN
Currency outside banks rose to N2.26tn at the end of June 2023, according to the latest figures from the Central Bank of Nigeria.According to...
CBN’s Forex Policy Results in MTN Recording N131.4bn Loss
Telecommunications giant, MTN has suffered a foreign exchange loss of N131.4 billion, dragging its profits down, its 2023 second-quarter report has revealed.The report showed...
Naira to Dollar Black Market Rate Today – 29th July 2023
By Daniel EduFind the latest Dollar to Naira exchange rate at the black market (Aboki fx) for 28th July below. The buying rate is...
Mutual Funds Investment Soars 33.1% to N1.87 Trillion in H1’23, Fueled by High Interest Rates and Stock Market Performance.
In a remarkable surge, the total value of investment in mutual funds in Nigeria experienced a staggering 33.1% year-on-year increase, soaring to an impressive...
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