Browsing: Business & Economy

For the first time since January 10, 2024, the NGX has closed in the bearish zone as the All-Share Index declined by 1.5% to close at…

Global headline inflation is expected to fall from an estimated 6.8 percent in 2023 (annual average) to 5.8 percent in 2024 and 4.4 percent in 2025,…

Telecommunications group, MTN, has announced plans to invest $215 million in telecom infrastructure in the Republic of Benin over the next three years. According to a…

The Federal Government, through the Ministry of Solid Minerals Development, has approved about 499 licences for the buying and selling of solid minerals in Nigeria in…

…experts profer ways CBN can deal decisively with FX backlog The foreign exchange market seems to hold promises from the Central Bank of Nigeria (CBN) to…

UPS has announced plans to streamline its workforce by eliminating 12,000 jobs, aiming to achieve significant cost savings totaling $1 billion.   This decision comes shortly after…

The Global Credit Rating (GCR) recently affirmed Lekki Gardens national scale long-term and short-term issuer ratings of BBB+ and A2 respectively with a Stable Outlook. According…

The naira has been in a race to the bottom at both the official and unofficial foreign exchange markets since the Central Bank of Nigeria (CBN)…

The International Monetary Fund (IMF) has slashed its forecast for Nigeria’s economic growth for 2024 from 3.1% declared in October to 3.0 representing a 0.1% decline.…

President Bola Tinubu has asked the Senate to expeditiously confirm the sack of the Chief Executive Officer (CEO) of the Federal Competition and Consumer Protection Commission…