Leading the way in business journalism
On Monday, Major General Muhammadu Buhari (retd.), the President, announced that the Federal Government had been able to earn over N203bn from the sale of petroleum prospecting licenses to 161…
The Nigeria Sovereign Investment Authority (NSIA) has reported impressive results for 2022, generating over 245,000 direct and 315,300 indirect jobs, and achieving a 10.5% growth in assets. Despite facing economic…
Billionaire businessman Femi Otedola has further increased his stake in blue-chip companies with a recent acquisition of 5.52% in Transnational Corporation Plc. This acquisition, valued at N2.245 billion, was made…
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the mainstream business activities,…
The International Monetary Fund (IMF) has released its latest economic projections for Nigeria, indicating that the country’s economy will remain sub-optimal. The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele,…
Poor Policies by the Federal Government are creating trade barriers that may worsen the nation’s economic growth this year, going by the World Bank’s projections. The World Bank, in its…
According to the federal Ministry of Finance, Budget and National Planning, the Nigerian government will spend about $53 million hiring consultancy firms out of the $800 million loan secured from…
At a press conference during the 2023 World Bank/IMF Spring Meeting in Washington DC, World Bank Group President David Malpass called on incoming Nigerian President Bola Ahmed Tinubu to tackle…
In 2022, Nigeria exported 315,677 metric tons of raw cashew nuts with a value of $252 million, a 5.24% share of their non-oil exports. With a goal of doubling their…
In March 2023, Nigeria’s annual inflation rate rose for the third consecutive month to 22.04 percent, an increase of 0.13 percent points when compared to the February rate. This was…