Oyekunle Benson, CFA with Context Analysis, spoke to the Global Business Report about Nigeria’s high inflationary environment. He also looked at the 10, 20, and 30 year annualized performance of
Tilewa Adebajo, an economist and chief executive officer of The CFG Advisory says there’s too much wastage in the Nigerian governance structure and called for the implementation of the Oronsaye
Economist and chief executive officer of CFG Advisory, Tilewa Adebajo says a failure of economic leadership in Nigeria has resulted in the country not attaining its full potential of a
Are US Tech companies under assault? India raided Twitter offices, Nigeria has suspended Twitter in its country, and now Russia’s parliament has passed legislation forcing US Tech companies to open
One of Africa’s fastest growing airlines Air Peace on Thursday took delivery of its third brand new Embraer 195-E2 aircraft. The airline revealed that it will take delivery of all
A World Bank-led project declined to award a contract to lay sensitive undersea communications cables after Pacific island governments heeded U.S. warnings that participation of a Chinese company posed a
The naira, which has been under pressure at the parallel market, staged a major recovery on Thursday to close at N483 to a dollar. Thursday’s rate made the naira stronger
The International Monetary Fund has expressed concern over the re-emergence of fuel subsidy in Nigeria in the face of the country’s low revenue mobilisation. The IMF in a statement at
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has warned that rather than being a positive development, the rising prices of crude oil in the
A Nigerian court has sentenced Francis Atuche, a former Managing Director of the defunct Bank PHB (now Keystone Bank), to six years imprisonment for defrauding the bank of N25.7 billion (about
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday said efforts are ongoing to reduce the country’s import bill by about 35 per cent. He
The World Bank has stated that inflationary pressure in Nigeria has pushed about seven million Nigerians below the poverty line in 2020 alone. The World Bank gave the data in
British inflation unexpectedly jumped above the Bank of England’s 2.0% target in May when it hit 2.1% and looks set to rise further as the country re-opens its economy after
The international price of crude oil continued its rise Monday, extending three weeks of gains on the back of improving outlook for fuel demand as countries ramp up the lifting
Nigeria’s Minister of Transportation, Mr. Rotimi Amaechi, on Monday unfolded plans by the federal government to take more Chinese loans to expand rail services to more states. Amaechi, who featured
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Tanzanian President Samia Suluhu Hassan has urged the country’s central bank to be prepared for the use of digital currencies. President Samia told the Bank of Tanzania on Sunday to
Prior to the indefinite suspension of Twitter across Nigeria, many users nationwide relied on the social media platform to conduct businesses and to stay connected. In this report, Arise Correspondent
Nigeria’s crude oil production output hit record low levels in May, the June Monthly Oil Market Report (MOMR) of the Organisation of Petroleum Exporting Countries (OPEC), has shown. The monthly
A new report by Financial Derivatives Company Limited (FDC) has indicated that Nigeria’s oil and gas industry loses as much as $15 billion in investments annually due to the delayed
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