Nigeria’s May inflation seen defying CBN rate hike
The inflation rate for last month is expected to be higher than 33.69 percent despite the further increase in the
Read more
Economics
Diageo set to exit Guinness Nigeria, signs deal with Tolaram
Tolaram, a holding company headquartered in Singapore, signed an agreement on Tuesday to acquire Diageo’s 58.02% shareholding in Guinness Nigeria.
Read more
Nigeria’s foreign reserves extend rise, hit two-month high
Nigeria’s foreign reserves rose further last week, hitting the highest point in two months. The foreign reserves stood at $32.8
Read more
Tinubu’s government risks repeating past mistakes: Capital Economics
The President Bola Tinubu-led government is at risk of repeating previous mistakes made by his successor as the country’s fiscal
Read more
Nigeria’s GDP could gain $35bn from global malaria fight – Report
The GDP of Nigeria could rise by $35 billion if the UN target to significantly reduce malaria by 2030 is met –
Read more
Africa’s remittance market seen reaching $500bn by 2035
The remittance market in Africa could be worth $500 billion by 2035, with mobile money seen as a game-changer in
Read more
Global public debt nears $100trn, spurs call for urgent action
Global public debt reached a historic peak of $97 trillion in 2023, up by $5.6 trillion from the previous year,
Read more
[BREAKING] Tinubu agrees to increase proposed N60,000 minimum wage
President Bola Tinubu has agreed to increase the proposed new minimum wage of N60,000 after labour unions embarked on an
Read more
Flour Mills of Nigeria begins exports to neighbouring countries
Flour Mills of Nigeria, a food and agro-allied company, said it had started exporting its products to neighbouring African countries,
Read more
Nigeria’s foreign reserves surpass one-month high
After plunging to $32.1 billion in April, Nigeria’s foreign reserves have risen to the highest in more than a month.
Read more