Tag: Economy
African Businesses Get $100 Million Boost for Trade Finance
British International Investment (BII), the UK's development finance institution, and global bank Citi announced a $100 million partnership today to address trade finance challenges...
Nigeria’s Trade Deficit Widens in Q4’23 Despite Export Increase
The National Bureau of Statistics (NBS) has released its Trade Balance Report for the fourth quarter of 2023 (Q4'23), revealing a trade deficit of...
CBN Shifts Gears: Collaboration and Transparency Take Center Stage in Future...
The Central Bank of Nigeria (CBN) is embracing a new wave of transparency and collaboration, as evident from Governor Dr. Olayemi Cardoso's recent interview...
Tragedy in the Sky: Access Holdings CEO Herbert Wigwe Dies in...
The Nigerian business community awoke to tragic news on Sunday, as Access Holdings Plc officially confirmed the death of its founding CEO, Dr. Herbert...
Naira Dips Despite Strong Dollar Sales By Banks, Market Awaits CBN’s...
The Nigerian naira experienced a slight depreciation against the dollar on Tuesday, despite significant dollar sales by banks. Analysts remain cautiously optimistic, anticipating a...
Nigeria Pumps Up Tires: Rubber Industry Revival Eyes Global Market Share...
Nigeria's rubber industry is set for a comeback, powered by government commitment and a major international summit. The Federal Government has vowed to resuscitate...
Debt Dilemma: IMF Hails Nigeria’s Progress, Raises Red Flag Over Global...
The International Monetary Fund (IMF) acknowledges a pause in recent requests for comprehensive debt relief from low-income debtors, including Nigeria. However, a new report...
Lagos Tax Crackdown: Bench Warrants Issued, Companies in Crosshairs!
The Lagos State Internal Revenue Service (LIRS) is flexing its muscle against tax defaulters, with arrest warrants already issued and executed for key executives...
Nigerian Businesses Beg Tinubu for Relief as Inflation Tightens Grip
Nigeria's business community is sounding the alarm as inflation wreaks havoc, with the Abuja Chamber of Commerce and Industries (ACCI) making a desperate plea...
Nigerian Manufacturers Grapple with Perfect Storm of Rising Costs, Weak Demand,...
Nigerian manufacturers are battling a triple threat of soaring operating costs, weak consumer spending, and volatile foreign exchange markets, threatening to stall the sector's...
