Browsing: Business & Economy

The Lagos State Governor, Babajide Sanwo-Olu, said that President Bola Tinubu, has promised to formally flag off the Lagos Red Line rail in February, 2024. This…

…Scanty gains of subsidy removal stand in way of fresh increase Nigeria’s petrol subsidy has returned with fury. The exchange rate of the naira to the…

African Development Bank (ADfB) has commenced the first phase of the disbursement of  $540 million Agro-Industrial Funds for the development of Special Agro-Industrial Processing Zones (SAPZs)…

Olayemi Cardoso, the governor of the Central Bank of Nigeria, has said that the various reforms by the CBN will eventually bring back Foreign Portfolio Investments…

The Central Bank of Nigeria (CBN) is set to introduce a singular foreign currency (FCY) gateway bank that will centralize all correspondent banking activities. The CBN…

In a pivotal interview conducted earlier today, Mr. Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), addressed the pressing concerns surrounding Nigeria’s foreign…

In an interview on Arise TV on Monday, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, discussed several critical issues related to foreign…

California-based mining unicorn KoBold, backed by some of the world’s richest men, Bill Gates and Amazon founder Jeff Bezos, has made a significant copper discovery in…

One of the benefits of more integrated capital markets in Africa is that governments in the continent can borrow from each other at a better cost…

The large devaluation of the naira that followed the implementation of foreign exchange reforms last year dampened the earnings of businesses with significant FX exposure, the…