By Kayode Tokede The International Monetary Fund (IMF) has said that multiple rates, limited flexibility, and foreign exchange shortages pose challenges to Nigeria’s economy. IMF directors on Monday in their 2020 Article IV consultation on Nigeria economy recommended a gradual…
The profile of education in Nigeria is one riddled with disappointment. The erosion of standards over the years has been a subject of resounding concern. What has brought increased scrutiny is the argument that education in Nigeria has never grown…
By Kayode Tokede The Nigerian Stock Exchange (NSE) began trading for the week on Monday with a loss of 0.35 per cent as a result of persistent profit taking. Specifically, the NSE All-Share Index lost 144.78 basis points or 0.35…
By Kayode Tokede with News Agency Capital Market experts on Monday expressed optimism that the ban on cryptocurrencies by the Central Bank of Nigeria (CBN) would likely trigger enhanced activities in the nation’s stock market. They said this in an…
BUA Cement Plc has witnessed an increase in its earnings for the full-year ended December 2020. This is according to the unaudited group accounts forwarded by the firm to the Nigerian Stock Exchange. The cement firm recorded a 19.34 per…
Wema Bank Plc and Union Bank of Nigeria Plc have announced closed period as full year ended December 31, 2020 financial year results on the Nigerian Stock Exchange (NSE). Specifically, Company Secretary/Legal Adviser, Wema Bank, Johnson Lebile in a notice…
In response to the ongoing economic and health challenges caused by the COVID-19 pandemic, the federal government says it has adopted appropriate counter-cyclical fiscal policies to accelerate economic recovery from the recent recession. Minister of Finance, Budget and National Planning,…
The Nigeria Employers’ Consultative Association (NECA) has said Foreign Direct Investment (FDI) and Capital Importation will remain low till the third quarter of 2021. Its Director-General, Dr Timothy Olawale, made this known in a statement in Lagos, quoting the latest…
The Vice President of Abuja Chamber of Commerce and Industry, Dr Somadina Anene, has warned that high cost of building materials, cumbersome land administration system, the high-interest rate on loans could increase housing deficit in Nigeria. Anene made this known…
In its bid to advance usage of renewable energy in Nigeria, the European Union in collaboration with the German government has trained over 185 participants from the Nigerian Finance Training Programme on Solar Energy and Energy Efficiency. The training which…
