Inflation in key African economies unlikely to slow to targets anytime soon: Reuters poll
July 25, 2024 Inflation in key sub-Saharan African economies is unlikely to slow to targets even after recent aggressive interest rate hikes as central banks look to reverse those increases,…
Eni gets approval to sell Nigerian unit NAOC to OANDO
July 24, 2024 Eni has received formal approval from the Nigerian Upstream Petroleum Regulatory Commission, NUPRC to sell its unit Nigerian Agip Oil Company (NAOC) to the country’s leading energy…
Global coal demand to remain flat this year and next-IEA
July 24, 2024 Global coal demand is set to remain largely flat this year and next as higher electricity demand in some major economies offsets the rapid expansion of solar…
Prices of food soar in June- NBS
July 24, 2024 The National Bureau of Statistics (NBS), says prices of beans, tomatoes, irish potatoes, garri, yam and other food items witnessed significant price increases in June 2024. The…
Starting Early: Key Strategies for Holiday Sales Success, by Reuben Kalu
To effectively position your business and attract new traffic, it’s crucial to start early and strategically plan your holiday campaigns. Here’s a detailed guide on the best times to start…
CBN continues rates tightening, raises interest rate to 26.75%
July 23, 2024 The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised the country’s baseline interest rate by another 50 basis points to 26.75…
Dangote’s new level battle, by Pius Mordi
For a man touted to enjoy serial support and concessions from whatever government in power for his business ventures, the statement credited to Farouk Ahmed, chief executive of Nigerian Midstream…
AfDB invests $10.9 bn in Nigeria, largest shareholder – D-G
The Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, says the bank’s cumulative financing approvals in Nigeria stands at 10.9 billion dollars. Barrow said this at the…
How APC underdeveloped Nigeria in 9 years – Peter Obi
The Labour Party Presidential Candidate in the 2023 poll, Peter Obi has taken a hard look at the Nigeria economy in the last nine years of APC administration and…
Reflections on CBN’s remedial policies, by Arize Nwobu
The Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso and his team assumed office at a critical time when there was a crisis of confidence in CBN and the economy…