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Business and Economy
PTAD completes payment of arrears of the consequential adjustment
The Pension Transitional Arrangement Directorate (PTAD) has completed the payment of arrears of the consequential adjustment to pensioners under the three operational departments of...
Naira gains at official market despite a significant drop in forex trading
The exchange rate between the naira and the US dollar closed at N414.8/$1, at the official Investors and Exporters window, despite reduction on forex...
BREAKING: Nigeria’s GDP Slows to 4.03% in 3rd Quater
Nigeria’s Gross Domestic Product (GDP) growth rate slowed to 4.03 per cent in the third quarter of the year (Q3 2021) compared to 5....
China Overtakes US as Global Wealth Hits $514tn
A new report has shown that global wealth tripled in the last two decades –from $156 trillion in 2000 to $514 trillion in 2020,...
CBN Grants Airtel Approval-in-Principle to Operate Super Agent
The Central Bank of Nigeria (CBN) yesterday granted Airtel Nigeria the approval in principle to operate super-agent network in Nigeria.Airtel Africa, the parent company...
Nigeria’s Inflation Drops Further To 15.99% In October
The Consumer Price Index (CPI) which measures inflation increased by 15.99 per cent (year-on-year) in October 2021, the National Bureau of Statistics (NBS) has...
Kano-Maradi Line: What’s Shaping Nigeria’s Infrastructural Choice, Politics or Economics?
BY DATAPHYTENigeria plans to spend $1.959 billion on the Kano-Maradi Standard Gauge Railway lines; The project has the potential of opening a vibrant export...
Nigeria Moving Quickly Away from Oil Dependence – Osinbajo
Vice President Yemi Osinbajo has declared that Nigeria is moving quickly away from oil dependence and the Federal Government will continue to support Nigerian...
Naira Sustains Gains on Parallel Market, Now N535/$
Following improved dollar supply by the Central Bank of Nigeria (CBN) for legitimate transactions, the naira has appreciated to N535 to a dollar as...
UBA’s $300 Million Eurobond Oversubscribed
Amid global and domestic challenges, the United Bank for Africa Plc’s (UBA) $300 million Eurobond attracted 1.7 times oversubscription from investors across the globe.The...
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