Business/Economy

CHIGOZIE  AMADI Despite the tough operating clime, FBN Holdings further consolidated its top-tier ranking with strong performance in the 2023 financial year and the first quarter of 2024, reporting significant growth in gross earnings and...

Obaseki Links Rising Inflation to Nation’s Production, Export Deficit CHIGOZIE AMADI The Edo State Governor, Mr. Godwin Obaseki, has linked Nigeria’s persistent rising inflation to the country’s inability to consistently produce and export goods and services,...

*First transaction adds over $5m to foreign reserves CHIGOZIE AMADI Solid Minerals Development Minister, Dr. Dele Alake at the weekend presented the latest gold bar sourced from artisanal and small gold miners to President Bola Tinubu,...

*Projects 29.5% inflation rate in H2 of 2024 CHIGOZIE AMADI PwC has warned that any further increase in taxes would cause a decline in reinvestment by firms operating in Nigeria and exacerbate corporate exits from the...

Food price hike worry operators amid N1.25tn agric budget CHIGOZIE  AMADI The high prices of food items in the market amid its availability do not speak well of the over N1.25tn federal budget approved for the...

Naira sells 1,485/dollar as official forex market records $23bn   CHIGOZIE  AMADI Forex turnover at the official foreign exchange market has increased to $23.29bn within over six months of trading following a flurry of reforms by the...

Nigerians borrow N3.9tn as economic crisis bites harder CHIGOZIE  AMADI Nigerians affected by the rising cost of living obtained credit facilities worth N3.82tn from banks as of January 2024, the Central Bank of Nigeria has stated. An...

CHIGOZIE AMADI The Comptroller-General of the Nigeria Customs Service (NCS), Mr. Bashir Adewale Adeniyi will have an opportunity to educate Nigerian stakeholders, particularly importers and exporters on the fine points of movement of goods and...

CHIGOZIE AMADI SIFAX Shipping Company Limited, a subsidiary of SIFAX Group, has sealed a partnership deal with ECU Worldwide, the world’s number one LCL player, to boost export activities from Nigeria. Less-than-Container Load (LCL) is one of...

LASG Grants N1bn Seed Fund for Startups, Research, Innovation CHIGOZIE AMADI The Lagos State Government has granted the sum of N1 billion as seed funding towards research and innovation in the state. The state governor, Mr. Babajide...