Finance & Economy
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Foreign investments in manufacturing sector drop by 54% — NBS
Foreign investments in Nigeria’s manufacturing sector fell by $326m (54 per cent) to $279.5m in the third quarter of 2023…
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Glitch: fintech giant OPay gets court order to restrict customer accounts
Chinese-backed fintech giant OPay has received approval from a Federal High Court in Lagos to freeze customer bank accounts in…
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How banking consolidation will grow economy, reduce pains of Tinubu’s ongoing reforms – Cardoso
Governor of the Central Bank of Nigeria, Olayemi Cardoso, has restated that the fresh round of banking consolidation in the…
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ATMs: CBN Reads Riot Act to Banks over Alleged Inhibition of Cash Circulation
*Says financial institutions conniving with PoS operators to frustrate customers The Central Bank of Nigeria (CBN) yesterday read the riot…
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Economy: Tinubu Unveils N2trn Stabilisation Plan Amid Funding Challenge
* Targets 2m bpd crude production *Inaugurates presidential economic coordination council *Declares mere 4.5GW power capacity shameful for Nigeria *Nigeria’s economy can…
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WE WILL FIX THE ECONOMY IN JUST MONTHS—-ALIKO DANGOTE.
President of the Dangote Industries Limited, Mr Aliko Dangote, says Nigeria has all it takes to turn its economy around…
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Nigerian stocks you can invest in H2’2024 – Investment analysts
The Nigerian Exchange Limited (NGX) experienced a positive first half of 2024, marked by a surge in investor confidence and…
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Interest rate at 30% will stifle growth, hinder job creation, Dangote warns CBN
Aliko Dangote, president of the Dangote Group, says the increase of interest rate to almost 30 percent by the Central…
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Cardoso Optimistic About Taming Inflation Says CBN Will Adhere to Conventional Methods
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated the Bank’s Monetary Policy Committee (MPC)…
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Nigeria’s debt repayment exceeds recurrent, capital expenditure — CFG
• Says FDI below US$1 Bn Despite the bloated recurrent spending in the 2024 budget and a significant infrastructure gap,…
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