CATEGORY
Business and Economy
Afreximbank agrees to $207m facility with NEXI in combating COVID-19
African Export-Import Bank (Afreximbank) has announced the finalisation of a 207 million dollars facility granted by Nippon Export and Investment Insurance (NEXI), the state-owned...
AEDC decries vandalism of infrastructure in FCT
The Abuja Electricity Distribution Company (AEDC) says it is experiencing cases of serious vandalism around its infrastructure, causing outages in some areas in...
NGX: Market capitalisation down by N38bn
The Nigerian Exchange Ltd., (NGX) closed on a downward note on Friday occasioned by loss in 20 stocks, as market capitalisation depreciated by N38...
‘Businesses Are Suffering,’ Elumelu Laments Over Hardship, Poverty In Nigeria
Nigerian Economist and businessman, Tony Elumelu on Thursday lamented over the worsening electricity, hike in prices of diesel, and its effect on businesses in...
Nigeria’s February Inflation Rate Rises To 15.70%
Nigeria’s consumer price index, (CPI) which measures inflation has increased to 15.70 per cent for the month of February.This is according to the National...
CBN releases guidelines for cash hubs operations
By Isaac Kertyo
In a bid to ease huge cash management and deepen financial inclusion, the Central Bank of Nigeria has released guidelines...
Naira slides 0.5% to N581/$1 at Parallel Market
Nigerian naira traded at N581 per dollar on Friday at the parallel section of the foreign exchange market.The figure is lower by N3 or...
Russia-Ukraine War Responsible for Nigeria’s Fuel Crises — IPMAN
By MikeThe Independent Petroleum Marketers Association of Nigeria (IPMAN) has advised the Federal Government to remain focused on increasing Nigeria’s domestic refining capacity.IPMAN’s...
Nigeria Air: FG Opens Bid To Private Partners
The Federal Government has issued the request for proposal to intending private investors on National Carrier.In a statement shared on the official Twitter handle...
FG to Pay IMF $3.51bn in 5 years as Debt Service
The Federal Government of Nigeria is expected to pay the International Monetary Fund a total of $3.51bn between 2022 and 2026 to offset a...
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