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Economy
1085 posts
N5.51trn pension assets, boost for economic devt’, says PenCom
Pension assets now totalling N5.51 trillion will boost investments in Nigeria’s real sector, cutting across infrastructure, private equity…
Nigeria posts $6.83bn balance of payments surplus in 2024
By Tochukwu Bliss, Abuja The Central Bank of Nigeria (CBN), yesterday, announced a Balance of Payments (BOP) surplus…
$23bn net foreign exchange reserve expected to stabilise exchange rate
A financial expert, Uche Uwaleke, says the current size of Net Foreign Exchange Reserves at $23.11 billion will positively…
14% tariff: Nigeria in talks with U.S., WTO
By Tochukwu Bliss, Abuja The federal government, yesterday, said it is in talks with the United States (U.S.)…
CBN injects $197.71m to check FX market volatility
By Tochukwu Bliss, Abuja The Central Bank of Nigeria (CBN), said it injected about $197.71 million to boost…
U.S. tariffs pose significant threat to Nigeria’s economy, others, IMF warns
International Monetary Fund’s Managing Director, Kristalina Georgieva, has expressed concerns over new U.S. tariffs, calling them a major…
Ponzi operators risk 10-year jail term, N20m fine, says SEC
By Tochukwu Bliss, Abuja Promoters and operators of entities engaged in prohibited schemes now risk a penalty of…
CBN reports $23.11bn in net reserve, highest in over three years
By Tochukwu Bliss, Abuja The Central Bank of Nigeria (CBN) has reported a significant increase to $23.11 billion…
IMF appoints Tony Elumelu, 8 others into Advisory Council on entrepreneurship and growth
By Stanley Onyeka, Lagos The International Monetary Fund (IMF), yesterday, announced the appointment of Nigeria’s Tony Elumelu, and…
Naira-for-crude policy poses risks to FDIs, exchange stability, DAPPMAN cautions
By Stanley Onyeka, Lagos Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), has warned of “significant risks…