TRUMP, the official meme coin associated with President-elect Donald Trump, experienced a significant decline in value, losing over 40% shortly […]
Category: Economy
Saudi Group concludes arrangement to purchase Singapore’s Olam Agri for $1.24 billion
The Union of Grain Exporters and Producers has confirmed that the Saudi Arabian company Salic (Saudi Agricultural & Livestock Investment […]
Nigeria customs records 117% increase in import value in 2024
The Nigeria Customs Service (NCS) says it recorded 117.4 per cent increase in import value in 2024. The Comptroller-General (C-G) […]
Market value of 10 banks rises to N7.87trn in 2024 amid recapitalisation drive
The market value of Guaranty Trust Holding Company Plc and nine other banks rose to N7.87 trillion in 2024 as […]
First Bank’ll meet, exceed new N500bn capital requirements ahead CBN deadline – CEO
Olusegun Alebiosu was appointed the Managing Director/Chief Executive Officer of First Bank of Nigeria Limited in June 2024. He was […]
Private sector debt hits N76trn as interest rates soar
Nigeria’s private sector borrowed an additional N1.89 trillion from banks in November 2024, bringing total credit to N75.96trn. This was […]
NACCIMA urges President Tinubu to slash corporate taxes to 19%, VAT to 7.5%
The National Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has called on President Bola Tinubu’s administration to […]
CBN dismisses planned Naira devaluation in 2025
The Central Bank of Nigeria (CBN) will apply part of the $2.2 billion Eurobond proceeds to exit its numerous swaps […]
Africa’s IMF debt crisis: 10 most indebted African nations
African nations are increasingly turning to the IMF to manage economic instability, but at what cost? In the final quarter […]
World food prices dipped by 2% in 2024 — FAO
The world food commodity prices declined by 2.1 percent in 2024 compared to the previous year, the Food and Agriculture […]