By Matthew Denis Former Nigerian Finance Minister and current Director General of World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala has declared her plans to seek re-election citing reasons. Recall that Iweala became the Director-General of the World Trade Organization (WTO)…
By Seun Ibiyemi Nigeria’s headline inflation rate eased to 32.15% in August 2024 down from the 33.40% recorded in July 2024, reflecting a decrease of 1.25 percentage points. This represents the second consecutive monthly slowdown in inflation after easing in…
By Esther Agbo In response to Nigeria’s persistent inflationary pressures, United African Company (UAC) has raised its product prices by 75 percent to 100 percent, a move aimed at protecting its profit margins, according to the company’s Group Managing Director,…
By Seun Ibiyemi As part of efforts to enhance capacity in the Nigerian maritime sector, the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Bank of Industry (BOI) have initiated discussions on potential strategies for capacity…
By Matthew Denis In order to enhance effective power distribution and connection, the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has met with Guangzhe Chen, Vice President for Infrastructure at the World Bank, to discuss…
Lagos, September 12, 2024 — The Chartered Institute of Directors Nigeria (CIoD Nigeria) held its September 2024 New Members’ Induction Ceremony at the Oriental Hotel, Victoria Island, Lagos, where Alhaji Tijjani Borodo, LLM, F.CIoD, President, and Chairman of the Governing…
First City Monument Bank (FCMB) has been recognised as a force for good in Nigeria’s financial sector, winning two prestigious awards at the Development Bank of Nigeria (DBN) 2024 Annual Lecture Series and Awards in Lagos. The bank was named…
The banking system in the country is well capitalised to foster economic development. Managing Director, Financial Derivatives Company, Mr Bismarck Rewane said this at the 17th Banking and Finance Conference in Abuja on Wednesday. Rewane said that banks also had…
…Exports rise by 201% in one year as crude oil dominates …Tax collection hits N2.47trn, up 150 percent in Q2, 2024 By Seun Ibiyemi Nigeria recorded a trade surplus of N6.95 trillion in the second quarter of 2024, according to…
…As Minister meets investors in Lagos Following months of comprehensive planning, the Federal Government has unveiled details of its bold and strategic plans to generate at least $100 billion and create over two million jobs from Nigeria’s creative economy yearly. The Government’s…
