Business & Economy - Page 11

A renowned economist, Dr Chijioke Ekechukwu, says Nigeria could have recorded a major economic windfall from the current surge in global crude oil prices if the country’s crude oil production was operating at full capacity. Ekechukwu, the Group Managing Director/Chief Executive Officer

The Naira on Friday closed the week on a positive note, appreciating at the official market to settle at N1,366.23 against the U.S. dollar. Data published on the website of the Central Bank of Nigeria (CBN) showed the Naira gained N5.27 during

The Governor of Abia State, Dr. Alex Otti, has disclosed that the state government is ready to sign a Memorandum of Understanding (MoU) with Presco PLC to invest in palm oil production and processing in the state. Presco PLC is a market

President Bola Tinubu has approved a targeted fiscal incentive designed to unlock the long‑awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project, marking a milestone in Nigeria’s ongoing drive to attract strategic investments and accelerate sustainable economic growth.

The Central Bank of Nigeria (CBN) has introduced stricter measures aimed at improving credit discipline in the banking sector by directing financial institutions to deny certain banking services and additional credit facilities to large borrowers with non-performing loans. The directive was contained

Mr Olayemi Cardoso, Governor, Central Bank of Nigeria (CBN), says reforms in Nigeria’s foreign exchange (FX) market have significantly improved liquidity, restored investor confidence and stabilised the Naira. Cardoso said this on Thursday in Lagos while delivering a distinguished Alumni Lecture at

A new ranking of Africa’s fastest-growing companies has spotlighted a wave of startups transforming the continent’s digital economy, with firms from sectors such as fintech, e-commerce, logistics, and technology leading the surge. The list shows strong representation from companies based in Nigeria,

A farmers’ umbrella body, the Crop, Aquaculture, Livestock Farmers and Value Chain Economic Actors Association of Nigeria, has expressed support for the grassroots economic initiative of the administration of Bola Ahmed Tinubu, known as the Renewed Hope Ward Development Programme. The group

U.S. President Donald Trump said he would release strategic oil reserves to stabilise rapidly rising prices, adding that the reserves would be replenished afterwards. “We’ll do that, and then we’ll fill it up,” Trump told news station Local 12 on Wednesday, saying