Nigeria, S/Africa, Angola economies to grow by 3.4 % in 2024 – W/Bank
Omeiza Bilal The World Bank states that growth in Sub-Saharan Africa economies will rebound in 2024, rising from a low...
Business Affairs
Electricity tariff hike: FCCPC applauds NERC for AEDC fines, demands action to protect consumers
Omeiza Bilal The Federal Competition and Consumer Protection Commission (FCCPC) commends the recent enforcement action taken by the Nigerian Electricity...
If interest rates remain higher for longer, homeowners will likely feel their effects as mortgage rates adjust
Central banks have raised interest rates significantly over the past two years to combat post-pandemic inflation. Many thought this would...
CBN approves daily sales of $10,000 each to 1,588 BDCs
Omeiza Bilal The Central Bank of Nigeria (CBN) has approved daily sales of $10,000 each to 1,588 eligible Bureau De...
Equity market sheds N221bn on profit taking
Uzezi Samuel The domestic equity market Monday opened week on a bearish note, shedding N221 billion following profit taking activities...
DisCos rake in N294.945bn revenue in Q4 2023
Omeiza Bilal Total revenue collected by the Electricity Distribution Companies (DISCOs) across the country in the last quarter of 2023 increased...
Nigeria to last tranche of $3.3bn Afreximbank loan in May
Omeiza Bilal Nigeria is set to receive $1.05 billion from a syndicated loan backed by oil by the end of...
Fast-growing $2trn private credit market warrants closer watch
The private credit market, in which specialized non-bank financial institutions such as investment funds lend to corporate borrowers, topped $2.1...
NiMet predicts 3-day sunshine, thunderstorms from Monday
The Nigerian Meteorological Agency (NiMet) has predicted sunshine and thunderstorms from Monday to Wednesday. NiMet’s weather outlook released on Sunday...
CBN bans foreign currency collateral for naira loans
Agency Report The Central Bank of Nigeria (CBN) has prohibited the use of foreign currency (FCY) as collateral for Naira loans. This...
