President Bola Tinubu's economic diplomacy efforts are yielding positive results, according to the Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun. The president's diplomatic outreach to all continents, including Brazil, China, India, Germany and France, has...
As Nigeria continues to diversify its economy, the Securities and Exchange Commission (SEC) has said it is committed to promoting innovation and fostering collaboration to position commodity exchanges as vital drivers of economic growth, job creation, poverty alleviation and...
Access Holdings Plc has announced that it has obtained full regulatory approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission for its recently concluded rights issue of 17,772,612,811 ordinary shares of 50 Kobo each...
The naira continued its downward trend in the parallel market, depreciating further to 1,650 naira per dollar on Tuesday, a slight drop from Monday's exchange rate of 1,648 naira per dollar.
Instead, the official foreign exchange market provided a rare...
The Federal Government's palliative transport initiative is aimed at providing subsidized fares to commuters in 12 states, including Edo and the Federal Capital Territory (FCT).
The plan, implemented in collaboration with unions and key transport companies, aims to cushion the...
Vitafoam Nigeria PLC proposed a dividend of N1.05 per share, amounting to N1.375 million, for approval by shareholders at its 63rd Annual General Meeting (AGM), scheduled for March 6, 2025 in Lagos.
This comes as the group's net assets,...
As several African nations continue to grapple with economic instability, many have turned to the International Monetary Fund (IMF) for financial assistance, resulting in significant debt obligations.
These loans, while aimed at stabilizing economies, often come with strict conditions that...
The African Center for Credible Leadership (ACCL) has praised the Dangote Refinery for its innovative impact on Nigeria's fuel subsidy regime and its recent reduction in fuel prices.
In a statement signed by its President, Dr. Ifure A. Ifure, the...
The Federal Government, through the Ministry of Finance Incorporated (MOFI), will partner with financial giant Bloomberg in a two-year initiative aimed at showcasing Nigeria's economic potential and attracting foreign investment.
In a meeting held at his Abuja office, the Minister...
The naira appreciated against the dollar on Monday, boosted by a moderate inflow of foreign currencies into the Nigerian economy.
At the Nigerian Foreign Exchange Market (NFEM), the local currency gained N3 to close at N1,538 per dollar, improving from...
