Nigeria And Sub-Saharan African Countries, Economic Rebound-IMF Nigeria And Sub-Saharan African Countries, Economic Rebound-IMF The International Monetary Fund (IMF) has projected a rebound in the economy of Nigeria and other countries in the Sub-Saharan African (SSA) region to 4.0 percent in 2024. The IMF, however, noted that a slowdown in reform efforts, a rise in political […]
Nigeria And Saudi Arabia Signs MoU On Energy Sector Nigeria And Saudi Arabia Signs MoU On Energy Sector Saudi Arabia and Nigeria have signed memorandum on energy-related cooperation. Saudi Arabia’s energy minister, Abdulaziz bin Salman disclosed this during the Saudi-Arab-African economic conference in Riyadh on Thursday, according to Reuters. Global oil and gas stakeholders, at […]
CBN’s Lending To Banks Has Constantly Rises 466 % To N268bn CBN’s Lending To Banks Has Constantly Rises 466 % To N268bn Banks’ borrowings from the Standing Lending Facility (SLF) of the Central Bank of Nigeria (CBN) increased year-on-year (YoY) by 466 percent to N268.3 billion as at end of October 2023 from N47.35 billion as […]
Dangote Cement Has Reports 15.2 Percent Increase In Pan-African Volume Dangote Cement Has Reports 15.2 Percent Increase In Pan-African Volume Dangote Cement has reported 15.2 percent increase in its pan-African volume in the nine months ended September 30, 2023, recording 8.5Mt, up from 7.4Mt in the corresponding period in 2022. A review of the cement group’s […]
Fight Against Inflation, CBN Gov Mr Cardoso Fight Against Inflation, CBN Gov Mr Cardoso The governor of Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, has said the bank, under his leadership, was determined to make its impact felt by curtailing inflation. The bank disclosed yesterday that Mr. Cardoso restated the direction of his leadership while […]
The Bank Will Focus On Price Stability- Governor CBN,Mr Olayemi The Bank Will Focus On Price Stability- Governor CBN,Mr Olayemi Mr. Olayemi Cardoso the Governor Central Bank of Nigeria , has reiterated that under his leadership, the Bank would focus mainly on the core mandate of price stability. The bank disclosed yesterday that Mr. Cardoso […]
Financially Weak Insurance Companies Can Pose Risks-CEO, Finterate Projects Financially Weak Insurance Companies Can Pose Risks-CEO, Finterate Projects Gam-Ikon spoke on the need to review the capital requirements of insurance companies in Nigeria. The CEO also identified challenges in the industry which has dampened the confidence of Nigerians as well as the way forward. Due to […]
World Bank And Other Stakeholders Generate Idea On National Strategy For Statistical Development World Bank And Other Stakeholders Generate Idea On National Strategy For Statistical Development Speaking at a National Stakeholders Engagement Workshop for the Drafting of the National Strategy for the Development of Statistics (NSDS) Phase III, the Statistician General of the Federation, Prince […]
NEPC Launches Mentorship Programme To Boost Non-Oil Export NEPC Launches Mentorship Programme To Boost Non-Oil Export The Nigeria Export Promotion Council (NEPC) in a bid to harness the potentials in the non-oil export has launched an Export Mentorship Programme (EMP). The Executive Director/Chief Executive of the NEPC, Nonye Ayeni, said in Abuja on Tuesday that […]
Federal Government Proposes N2.18tn Federal Government Proposes N2.18tn The Federal Government has approved a N2.18tn supplementary budget to cover welfare packages such as wage awards and conditional cash transfers agreed with the Organised Labour. The approval which was done on Monday will also cover additional spending in defence and works related projects. The Minister of […]