Browsing: ECONOMY

The President of African Development Bank (AfDB), Dr. Akinwumi  Adesina , said that  the Abidjan-Lagos highway corridor has  secured a 15.5 billion dollars investment interest.

The Nigerian Ports Authority (NPA) says its embarking on a $1.1 billion ports rehabilitation plan in first quarter of 2024, to fortify Nigeria’s trade competitiveness.

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability.

TAJBank Limited, one of Nigeria’s fastest-growing non-interest banks, has won the BusinessDay “Islamic Bank of the Year Award” for third consecutive time.

Dangote, Africa’s richest man is the owner of Dangote Industries Limited while Rabiu is the founder of BUA Group. The two billionaire businessmen had been locked in disputes several times, spanning three decades. The battle is simply about who controls the sugar and cement sectors and soon there will be a battle of who controls the oil sector as Rabiu is also building his own refinery, while Dangote has already completed his own.

United Bank for Africa (UBA) Plc says it will continue to provide access to finance to boost Nigerian Small and Medium Enterprises (SMEs) representation in international markets and economies.

The chairman of the BUA Group, AbdulSamad Rabiu, on Tuesday, visited President Bola Tinubu at the Presidential Villa in Abuja.

The Manufacturers Association of Nigeria (MAN) has raised the alarm that the Central Bank of Nigeria’s (CBN) decision to remove the ban on 43 items on foreign exchange restriction, will lead to a looming job crisis, insecurity, and outright collapse of the nation’s economy.

ASHENEWS reports that the Central Bank of Nigeria (CBN) says that the restriction placed on the importers of 43 items to purchase foreign exchange in the Nigerian FX market in 2015 has been lifted.

Amid global slowdown and political instability, growth in Sub-Saharan Africa (SSA) is expected to fall to 3.3 percent this year from 4.0 per cent recorded in 2022.