The Nigerian economy could see a significant growth boost as the nation undertakes a major bank recapitalization effort. Experts argue that by increasing the asset base of Nigerian banks, this move will strengthen the financial sector and provide the...
Nigeria's recent economic reforms have earned the country a positive outlook on its debt rating from Fitch Ratings. The credit rating agency has revised the outlook from "stable" to "positive," highlighting the progress made under President Bola Tinubu's administration....
Dangote Sugar Plc has announced its commitment to invest over $700 million in the Backward Integration Program (BIP) for Nigeria's sugar industry. Chairman Aliko Dangote revealed the substantial investment during the company's 18th Annual General Meeting (AGM) held in...
Nigerian investors lost a significant N784 billion last week as selloffs across highly capitalized stocks kept the market in negative territory. The decline comes despite some recoveries in the banking sector, which had previously contributed to weak performance.
Analysts had...
New House International Limited will lead a delegation of executives and small to medium-sized enterprises (SMEs) from Africa to the 2024 Offshore Technology Conference (OTC). The globally renowned oil and gas industry event will take place in Houston, Texas...
Patients struggling with high prescription drug costs may get some relief as the FTC takes action against major pharma companies for allegedly using inaccurate patent listings to block competition from cheaper generic alternatives.
The Federal Trade Commission (FTC) recently filed...
Nigeria is setting its sights on attracting investment from its global citizen base with a newly unveiled $10 billion diaspora fund. This initiative aims to strengthen ties with Nigerians living abroad and leverage their resources for national development.
Key Details...
The National Association of Academic Technologists (NAAT) is calling for a significant increase in Nigeria's minimum wage, citing economic hardships faced by workers nationwide. At their 5th national delegates conference in Abuja, NAAT President Ibeji Nwokoma emphasized the urgent...
In a move to fuel ambitious growth plans, Access Holdings Plc, Nigeria's financial giant, secured unanimous shareholder approval for a capital raising program valued at a staggering $1.5 billion.
This capital injection will be achieved through a combination of issuing...
Global trade has reached new heights, exceeding US$30.4 trillion in 2023, according to the World Trade Organization (WTO). This marks a staggering fivefold increase since 1995, showcasing the ever-growing interconnectedness of the global economy. Here are five key trends...
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