Business & Economy

Capital market

IMF bursts Tinubu Team’s bubble, says Nigeria’s reforms not working

By MIKE ABBAH The latest International Monetary Fund (IMF) report on the economic outlook for sub-Saharan Africa has indicated that Nigeria’s ongoing economic reforms are struggling to deliver meaningful results, even 18 months after their implementation. The report, presented on Friday (yesterday,

November 16, 2024

Capital market

Value of transactions on NGX up by 34.5%

Investors in stock market traded 3.281 billion shares worth N63.517 billion in 60,782 transactions on the Nigerian Exchange Ltd. (NGX) during the week. NGX, in its weekly report made available in Lagos, said this was in contrast to 1.818 billion shares

March 15, 2025

Business & Economy

Access Bank calls for stronger alliances towards amplifying efforts to optimize intra-Africa trade

By Nik Ogbulie In an effort to integrate African trade to Global standards, ACCESS Bank PLC, has convened leading policymakers, business executives, and industry stakeholders in Cape Town for the maiden Africa Trade Conference, a platform dedicated to unlocking the continent’s vast

March 14, 2025

Business & Economy

Makinde promises immediate support for victims of Ibadan market inferno

Gov. Seyi Makinde of Oyo State has promised to provide immediate support to victims of the fire outbreak at Alesinloye Market, Ibadan. Makinde, during an on-the-spot assessment of the market on Wednesday – yesterday, March 12 – said the support would be

March 13, 2025

Business & Economy

HEDA, stakeholders urge transparency, due diligence in marginal oil field allocations

Stakeholders at the public presentation of a book on marginal fields allocation have called for openness, transparency and accountability in the process. The News Agency of Nigeria (NAN) reports that the book is the fruit of an investigation into marginal field allocation

March 13, 2025

Business & Economy·Opinion

Perspectives on inflation, by Arize Nwobu

The Central Bank of Nigeria( CBN) has been making good efforts and using the necessary monetary tools, especially the Monetary Policy Rate( MPR) to fight inflation and it is anticipated that the Bank will achieve its target objective in the long run.

March 12, 2025

Business & Economy·News

Marketers condemn fuel price reduction, back importation

Oil marketers under the aegis of the Petroleum Products Retail Outlet Owners Association of Nigeria have condemned the constant reduction of fuel prices, saying marketers are still counting losses. Despite deregulation, PETROAN said there is a need for a regulation that will

March 12, 2025

Business & Economy

Zulum, in impressive socio-economic empowerment initiative, approves N1bn grants to 9,403 SMEs in two LGAs

In what is clearly a bold socio-economic empowerment initiative, Gov. Babagana Zulum of Borno State has approved N1 billion grants for disbursement to 9,403 Micro, Small, and Medium Enterprises (MSMEs) in Biu and Hawul Local Government Areas of the State. The

March 12, 2025

Capital market

Investors lose N285bn as stock market suffers 0.43% depreciation

By TAIYE OLAYEMI, NAN The stock market on Tuesday – yesterday, March 11 – witnessed a downturn as performance indices declined by 0.43 percent. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N285 billion or 0.43 per cent to

March 12, 2025

Business & Economy

NNPC Refutes Reports of Naira-for-Crude Contract Changes

By Mike Abbah The Nigerian National Petroleum Company (NNPC) Limited has addressed speculations about its crude oil sales agreement with the Dangote Refinery and other local refineries, clarifying the status of the naira-for-crude contract. According to a press statement by Chief

March 11, 2025

Business & Economy

IWD: ECOWAS targets regional growth, boosts MSMEs with regional coalition

Participants at the meeting of the ECOWAS Small-Scale Business Coalition (ESBC), in Praia, Cape Verde on Monday (Photo: NAN) The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to empowering Micro, Small, and Medium-sized Enterprises (MSMEs) as key

March 11, 2025

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Business & Economy

IMF bursts Tinubu Team’s bubble, says Nigeria’s reforms not working

Value of transactions on NGX up by 34.5%

Access Bank calls for stronger alliances towards amplifying efforts to optimize intra-Africa trade

Makinde promises immediate support for victims of Ibadan market inferno

HEDA, stakeholders urge transparency, due diligence in marginal oil field allocations

Perspectives on inflation, by Arize Nwobu

Marketers condemn fuel price reduction, back importation

Zulum, in impressive socio-economic empowerment initiative, approves N1bn grants to 9,403 SMEs in two LGAs

Investors lose N285bn as stock market suffers 0.43% depreciation

NNPC Refutes Reports of Naira-for-Crude Contract Changes

IWD: ECOWAS targets regional growth, boosts MSMEs with regional coalition

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