Finance

WTO Chief Urges Nigeria to Actively Pursue Global Supply Chain Investments

The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, has called on Nigeria to strategically target international investors and supply chain relocations to stimulate job creation, boost manufacturing, and…

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Oyo PDP Seeks Security Probe of Ex-Governor’s Wife Over “War” Remarks

The Oyo State chapter of the Peoples Democratic Party has called on security agencies to…

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Churches Lack Capacity to Detect Fake Anointing Oil, Clerics Tell Regulators

A coalition of senior clergy has called for stronger regulatory oversight of anointing oils, acknowledging…

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UFC Fighter Themba Gorimbo Cuts Ties with Family, Disavows Zimbabwean Identity

Zimbabwe-born UFC fighter Themba Gorimbo, the first from his country to win a fight in…

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UK PM, European Leaders Condemn Trump’s Remarks on NATO Afghanistan Sacrifices

U.K. Prime Minister Keir Starmer has denounced U.S. President Donald Trump’s recent comments dismissing the…

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NNPP Denounces Kano Governor’s Resignation as “Betrayal of Mandate

The New Nigeria Peoples Party (NNPP) has condemned the resignation of Kano State Governor Abba…

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University of Ibadan Reclaims Top Spot in Global Rankings

The University of Ibadan has been ranked Nigeria’s leading higher institution in the latest Times…

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Just for You

“New Tax Law Targets Nigeria’s Richest, Protects the Poor” – Policy Expert

A leading policy expert has moved decisively to quell widespread public anxiety, declaring Nigeria's forthcoming…

Prophet Sam Olu-Alo Urges Unity as Key to Nigeria’s Prosperity in New Year

In a departure from his annual tradition, the Planter of Christ Apostolic Church (CAC), Adamimogo…

NLC Threatens Revolt Over New Tax Laws, Citing Lack of Consultation

The Nigeria Labour Congress has issued a strong warning against the planned implementation of the…

Trump Announces U.S. Military Strikes Against ISIS in Northwest Nigeria

American forces have conducted a “powerful and deadly” strikes against Islamic State (ISIS) militants in…

Lasted Finance

Foreign education forex allocation tumbles 83% — CBN

Nigerians spent $38.17m on foreign education between January and March 2024, according to data from the Central Bank of Nigeria’s…

Reconsider 70% forex windfall tax, stakeholders tell FG

Opposition to the imposition of a 70 per cent foreign exchange windfall tax on commercial banks rose yesterday with stakeholders…

FG’s deficit spending falls 29% to N2.83trn in Q1’24

The Federal Government  recorded a   29 percent year-on-year (YoY) decline in deficit spending to N2.83 trillion deficit in the first quarter…

NACCIMA, others kick as CBN hikes interest rate to 26.75%

The Central Bank of Nigeria, CBN yesterday intensified its efforts to curb rising inflation as it announced further hike in its…

CBN resumes dollar sales to BDCs, halts Naira depreciation

The Central Bank of Nigeria, CBN yesterday, announced the resumption of dollar sales to bureaux de change, BDCs, a development that reversed…

Illicit financial outflows cost Nigeria, others $50bn annually – Shippers’ Council

Nigeria and other African nations are losing $50 billion a year to illegal financial outflows, according to the Nigerian Shippers’…

Insurers’ assets hit N3.3trn as premium income rises by 51%

Despite the harsh operating business environment in the economy, insurance companies were able to grow their total assets by 36.9 per…

Global growth remains unchanged at 3% in 2024 – IMF

The International Monetary Fund (IMF) says global growth is projected to remain unchanged at 3.2 per cent in 2024 and…

Poverty alleviation: Court orders Buhari’s minister to explain N729bn disbursement

Justice Dehinde Dipeolu of the Federal High Court in Lagos has directed the former Minister of Humanitarian Affairs, Disasters Management…

Banks recapitalization will increase loans, advances — Proshare

Analysts at Proshare Nigeria, an online news media, have projected increased bank loans and advances among other things following banks’ recapitalization.…