Business News
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127FG Pushes 30% Value Addition Bill to End Raw Material Drain
The Federal Government has moved to end Nigeria’s long-standing dependence on exporting raw materials cheaply and re-importing finished goods at high costs,...
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113Stocks Drop, Bitcoin Slides in Poor December Start
US stock futures fell and cryptocurrencies plunged, signaling risk aversion ahead of a slew of economic data this week even as bets...
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84Recapitalisation: Five Insurers Pursue ₦75b Fresh Funding
Five insurance companies have indicated that they would be raising about N75bn additional capital from the market as part of efforts to...
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82AfDB Approves $500m Loan for Nigeria’s Energy Reforms
The African Development Bank Group has announced the approval of a fresh $500m loan to the Federal Government of Nigeria to finance...
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94High Lending Rates Crippling Production, MAN tells CBN
The Manufacturers Association of Nigeria has urged the Central Bank of Nigeria to further reduce interest rates to ease the rising cost...
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73Lagos, NBCC Cement Alliance to Expand Nigeria-UK Trade
Lagos State and the Nigerian-British Chamber of Commerce (NBCC) have pledged an alliance to expand Nigeria-United Kingdom trade. This pledge was made...
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Nigeria’s Monthly Trade Surplus Falls 35% to $1.39b
Nigeria’s monthly trade surplus fell by 35 per cent, month-on-month, MoM to $1.39 billion in July from $2.14 billion in June, driven...
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120Afreximbank Targets $40b to Deepen African Trade
Afreximbank has reaffirmed its commitment to scaling up intra-African trade, industrialisation, and value-chain development under the African Continental Free Trade Area, pledging...
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104Private Sector Supporting Resilience in Global Economy
Kristalina Georgieva, Managing Director (MD) of the International Monetary Fund (IMF), says vibrant private sector is supporting resilience in global economy but...
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117Edun Seeks ‘Bold Economic Reforms’ to Drive Africa’s Growth
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has appealed for accelerated action on economic reforms and domestic resource...
