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Kano residents are expressing frustration over erratic electricity supply, which is hampering their ability to manage the ongoing heatwave. This situation is adversely affecting local businesses and socio-economic activities in the area.
Goddy Egene writes on how reforms by the Central Bank of Nigeria is helping to boost foreign exchange inflow into the Nigerian economy The Central Bank of Nigeria (CBN’s) decision to
Aina succeeds Is-haq Oloyede, whose tenure is widely associated with sweeping reforms in examination administration, transparency, and revenue generation at JAMB. The post Segun Aina: New JAMB Registrar Who Once Served Agency As Corps Member appeared first on Channels Television.
Kano residents are expressing frustration over a heatwave and inconsistent power supply, which are negatively impacting local businesses. They are urging the government and electricity providers to enhance power delivery to support economic activities.
Nigeria's traders association is requesting visa support from the Chinese government to enhance trade opportunities. This initiative aims to strengthen economic ties between Nigeria and China.
The Benin Investors Conference aims to stimulate economic growth and create wealth in the region. CEO Imasuen Izoduwa emphasizes the importance of investment for revitalizing the local economy.
Africa's economic outlook is strong despite global challenges. There is a rising demand for finance and accounting professionals across the continent.
The Bauchi State Government has lifted the suspension on cattle markets for two weeks in preparation for the Eid-el-Kabir festival. This decision is expected to boost local commerce and support the festive celebrations.
In the index, a staggering 77.7 per cent of exporters reported increased inland transport and port handling costs over the period. The post Logistics, energy costs threaten Nigerian non-export sector survival – Report appeared first on Premium Times Nigeria.
FirstBank has appointed Chinwe Egwim as Chief Economist, showing the growing importance of economic intelligence and market strategy in Nigeria’s read more Why Chinwe Egwim’s appointment as FirstBank Chief Economist matters for Nigeria’s banking sector
The Central Bank of Nigeria has decided to maintain the interest rate at 26.5% to combat inflation and ensure macroeconomic stability. This decision has contributed to the steadiness of the Naira in the financial market.
Discover the top 10 real estate companies in Nigeria driving the housing market. Find trusted developers in Lagos, Abuja, and beyond for your next investme
The Nigerian Naira showed stability against the US Dollar today, reflecting a calm foreign exchange market. This trend is observed in both official and informal trading segments.
The Central Bank of Nigeria has kept the Monetary Policy Rate steady at 26.5% and announced no intervention in the foreign exchange market. This decision comes as the country's reserves reach $50 billion.
Nigeria's power sector is grappling with a liquidity crisis due to structural weaknesses rather than capacity issues. Addressing this gap requires effective payment security and credit enhancement mechanisms.
Nigeria is facing a revenue crisis due to a narrow tax base and heavy reliance on petroleum income. New tax laws are being introduced to address these challenges.
The article from BusinessDay discusses various topics relevant to the Nigerian economy. It highlights key developments and trends affecting businesses in the country.
S&P Global has upgraded the ratings for several Nigerian banks, including Access Bank, GTB, and UBA, signaling improved financial health. This positive development reflects growing confidence in Nigeria's banking sector and its economic prospects.
The Central Bank of Nigeria has decided to maintain the Monetary Policy Rate at 26.5%, citing the muted impact of the Middle East crisis on the economy. Additionally, 33 banks have shown improved financial soundness due to prior policy reforms.
The $5 billion NLNG Train 7 project is now 92% complete and approaching pre-commissioning. This development reflects a significant increase in local capacity within the Nigerian energy sector.
The Nigerian Presidency has recognized RegTech as a key tool for enhancing financial inclusion and fostering a trusted digital economy. The Central Bank of Nigeria emphasizes that effective regulation should promote innovation while addressing issues like digital fraud and high remittance costs.
Femi Otedola has sold his stake in Geregu Power to invest in the upcoming Dangote Refinery IPO, calling it a transformative project for Africa’s economy.
The FAO has urged governments and financial institutions to explore alternative trade routes to prevent a looming global food crisis. This call comes in light of recent disruptions affecting food supply chains.
The IMF has called on Nigeria and other Sub-Saharan African nations to transition to a private sector-led growth model, warning that the current debt-funded approach could hinder income gains for decades. This shift is deemed essential for sustainable economic development.
Nigeria and China are exploring opportunities to develop creative enterprises around tea, promoting local adaptations and deepening cultural cooperation.
Brent crude oil prices fall to $105 per barrel as US-Iran peace talks show progress, but analysts remain cautious about future supply disruptions.
Electricity Distribution Companies (DisCos) have opposed Lagos State's initiative to eliminate tariff classification. They warn that this could result in unrest, market instability, and potential blackouts due to the lack of stable supply.
The Central Bank of Nigeria has decided to maintain its benchmark interest rate at 26.5% to combat inflation and stabilize the exchange rate. This decision has elicited mixed reactions from the private sector regarding potential risks to manufacturing.
PalmPay is enhancing financial inclusion by empowering over 2,000 women traders in Kano and Kaduna with digital banking and financial literacy skills. This initiative aims to boost economic opportunities for women in these regions.
The chairman of SIFAX Group emphasizes that sustainable growth in Africa hinges on breaking down economic borders. He advocates for the creation of large, cross-border corporate entities to enhance regional integration.