More diversified trade can make Middle East, Central Asia more resilient
Dislocations from the pandemic, geoeconomic fragmentation, and Russia’s war in Ukraine have shifted world trade dynamics. While this has created...
Business Affairs
Afreximbank backs expansion of Grenada’s Silversands Hotel with $30m facility
African Export - Import Bank (Afreximbank) has approved a $ 30 million financing facility to Joyau Des Caraibes Limited (JDC); the...
Global oil demand to rise by 2.25mbpd in 2024
The Organization of Petroleum Exporting Countries, OPEC, has again expressed optimism on robust oil market growth. In its Monthly Oil...
Equity market’s bearish trend continues, shed N74bn
Transactions on the floor of Nigerian Exchange closed southward, shedding N74 billion as more companies recorded low performance The downward trend...
CBN kickstarts strategy to double remittances, Grants AIP to 14 new IMTOs
Omeiza Bilal The Central Bank of Nigeria (CBN) has activated plans to double foreign-currency remittance flows through formal channels by...
FG reiterates commitment to gas utilization for economic growth, prosperity
…As President commissions 3 gas projects Omeiza Bilal In line with its renewed hope agenda, the Federal Government has reiterated...
UNSC needs drastic reforms to accommodate Nigeria in G20 – Amb. Tuggar
Omeiza Bilal Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar has called for an urgent reform of the United Nations...
We’re not owing AEDC, BPE clarifies
…Calls for apology Omeiza Bilal The Bureau of Public Enterprises (BPE) has said that it is not indebted to the...
Nigeria’s inflation rate accelerates to 33.69% in April – NBS
Omeiza Bilal In April 2024, the headline inflation rate increased to 33.69 per cent relative to March 2024 headline inflation...
CNG-powered vehicles, Tinubu orders MDAs
President Bola Ahmed Tinubu has directed the mandatory procurement of compressed-natural-gas-powered vehicles by all government Ministries, Departments and Agencies (MDAs)...
