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Business and Economy

AfDB Appoints Nigerian, Ogunleyr African Development Institute Director

By Sam AkanimoAfrican Development Bank (AfDB) has appointed a Nigerian seasoned macro-economist, Dr. Eric Kehinde Ogunleye, as Director of the African Development Institute....

World Bank Grants $2.25 Billion Loan for Nigeria’s Economic Overhaul

By  Milcah  TanimuThe World Bank has sanctioned a $2.25 billion loan to bolster Nigeria's economic reform efforts. This financial support is intended to stabilize...

Federal Government Seeks $500 Million World Bank Loan for Rural Roads

The Federal Government is pursuing a $500 million loan from the World Bank to enhance rural road infrastructure and agricultural marketing across Nigeria. This...

$245bn Investment Opportunities in Africa’s Gas Sector

By Muhammad Ibrahim, SokotoState Commissioner Ministry for Local Governments and Chieftaincy Affairs, Ibrahim Dadi Adare made this known while addressing newsmen on the achievements...

Multichoice Blames Nigerian Economy for Decline in DStv Subscribers

Multichoice Group, the African Pay-TV operator, has attributed an 18 percent decline in DStv active subscribers in Nigeria to the country's struggling economy. This...

NDIC Lists Heritage Bank’s Head Office and Other Assets for Sale

The Nigeria Deposit Insurance Corporation (NDIC) has listed the head office in Lagos and branches of the failed Heritage Bank for sale. This move...

Economic Devt.: Bayelsa Govt. Partners BOI

By Agbare KumoThe Bayelsa State Government has assured the Bank of Industry (BOI) of its readiness for effective partnership to drive sustainable industrial and...

CBN Reassures Public on Safety of Depositors’ Funds

The Central Bank of Nigeria (CBN) has reaffirmed the safety of depositors' funds and the robustness of the banking system. This assurance was given...

Smuggled Nigerian Petrol Floods West African Markets, Sells for N1,700/Litre

The Federal Government raised concerns on Monday about the increased smuggling of Premium Motor Spirit (PMS), commonly known as petrol, driven by significant price...

Petrol Price Could Drop to ₦300/Litre, Say Modular Refineries

By Milcah TanimuOperators of modular refineries in Nigeria have suggested that the price of Premium Motor Spirit (PMS), commonly known as petrol,...

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