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KORA LAUNCHES ₦200 MILLION ENDOWMENT FUND FOR COVENANT UNIVERSITY STUDENTS

Kora, a leading financial technology company, has announced the creation of a ₦200 million endowment fund to support students at Covenant University. This fund,...

CBN Governor Olayemi Cardoso Urges Nigerians to Focus on Economic Fundamentals to Combat Inflation

During the 30th Nigeria Economic Summit held in Abuja on October 15, 2024, the Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi...

NIGERIA’S EXTERNAL DEBT: A HISTORICAL OVERVIEW AND CURRENT CONCERNS

Nigeria's external debt stands as the largest among all sub-Saharan African nations, despite having received debt waivers from the Paris Club, London Club, and...

Naira Depreciates Against the Dollar, Trading at N1,658.97

On Tuesday, the Naira depreciated at the official market, trading at N1,658.97 to the dollar. Data from the FMDQ Exchange's official trading platform indicated...

NIGERIA’S INFLATION RATE RISES TO 32.7% IN SEPTEMBER 2024

Nigeria's inflation rate has risen to 32.7% in September 2024, reversing a two-month trend of consecutive declines, with August's rate recorded at 32.15%. This...

WORLD BANK ANNOUNCES $500 MILLION GRANT TO SUPPORT NIGERIA’S COVID-19 RECOVERY EFFORTS

The World Bank has announced a $500 million grant aimed at supporting Nigeria's recovery from the impacts of the COVID-19 pandemic. This funding will...

NAIRA APPRECIATES TO N1,680 PER DOLLAR IN PARALLEL MARKET

The Naira experienced an appreciation yesterday, rising to N1,680 per dollar in the parallel market, up from N1,690 per dollar last weekend. In a...

Join the Expert-led Investment Academy with Coronation Wealth!

Learn from seasoned financial experts and take your investment skills to the next level with the Coronation Fantasy League! Here’s everything you need to...

WORLD BANK URGES NIGERIA TO SUSTAIN REFORMS AMIDST HARDSHIP

The World Bank Vice President and Chief Economist, Mr. Indermit Gill, stated yesterday that the Federal Government should maintain ongoing reforms despite the current...

CBN URGES BANKS TO INVEST IN CYBERSECURITY TO PROTECT DEPOSITORS’ FUNDS

The Central Bank of Nigeria (CBN) has called on banks across the country to invest heavily in cybersecurity measures to safeguard depositors' savings from...

WORLD BANK VP INDIRMET GILL BACKS CBN GOVERNOR CARDOSO’S FOREIGN EXCHANGE UNIFICATION POLICY

The World Bank Vice President and Chief Economist, Mr. Indermit Gill, has expressed support for the Central Bank Governor of Nigeria, Mr. Olayemi Cardoso,...

Nigerian Stock Market Update: Seplat, Fidelity Bank, and FBNH Drive Marginal Gains

The Nigerian stock market has experienced a slight uptick, with the Nigerian Exchange (NGX) All Share Index (ASI) rising by 0.09% to close the...

INCREASE IN WOMEN’S WORKFORCE PARTICIPATION COULD BOOST INDIA’S MANUFACTURING OUTPUT BY 9%, SAYS WORLD BANK

The World Bank's recent South Asia Development Update highlights the significant potential impact of increased female workforce participation on India's manufacturing output, projecting a...

INTERVIEW WITH PROF. ADEOLA ADENIKINJU: REFLECTIONS ON NIGERIA’S FUEL MARKET POST-DANGOTE REFINERY

In this interview, conducted by Emma Ujah, our Abuja Bureau Chief, the President of the Nigeria Economic Society, Prof. Adeola Adenikinju, discusses the ongoing...

Brazil Cracks Down on Online Betting Sites

On Friday, Brazil initiated the closure of over 2,000 betting sites, including those sponsoring popular football clubs such as Corinthians and other first division...

Naira Sees Mixed Performance in Foreign Exchange Markets

The Naira appreciated to ₦1,690 per dollar in the parallel market today, up from ₦1,670 per dollar on Thursday. This reflects a modest gain...

Obasanjo Highlights China’s Role in Africa’s Economic Development

Former Nigerian President Chief Olusegun Obasanjo has emphasized the significant role of the People's Republic of China as a vital economic partner for Africa....

COUNTRIES CALL FOR NIGERIAN INVESTORS TO EXPLORE GLOBAL OPPORTUNITIES AT 2024 INVESTMENT MIGRATION WEST AFRICA ROADSHOW

During the “2024 Investment Migration West Africa” roadshow in Abuja, representatives from various countries urged Nigerian investors to explore international opportunities for business and...

NAIRA APPRECIATES AGAINST THE DOLLAR IN PARALLEL MARKET

The Naira experienced a notable appreciation yesterday, rising to N1,670 per dollar in the parallel market, up from N1,675 per dollar on Wednesday. In...

Dangote Advocates for Enhanced Crude Oil Production and Refining Capacity in Nigeria

Aliko Dangote, Chairman of the Dangote Refinery and Petrochemical Company Limited, has emphasized the need for Nigeria to enhance its crude oil production capacity...

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