By Grace Alegba The Naira depreciated on Friday, trading at N1,475.35 to the Dollar at the official foreign exchange market, according to figures released by the Central Bank of Nigeria (CBN). The decline marked the end of a week characterised by fluctuating performance, during which the local currency experienced steadyContinue Reading
By Nana Musa The Chairman of Heirs Holdings and United Bank for Africa (UBA), Tony Elumelu, has urged African governments to unlock the continent’s vast pension funds. Elumelu made the call during the inauguration of the white paper on mobilising over four trillion dollars untapped domestic capital across Africa, presentedContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) and the Bank of Angola have signed a Memorandum of Understanding (MoU) to foster closer bilateral relations and enhance capacity in central banking operations. The signing ceremony took place in Washington D.C, on the sidelines of the ongoing Annual Meetings ofContinue Reading
By Nana Musa The Director of the African Department in the International Monetary Fund (IMF), Abebe Selassie, says Sub-Saharan Africa shows resilience amid global economic headwinds. Selassie said this during a news conference on the regional economic outlook for Sub-Saharan Africa at the 2025 Annual Meetings of the IMF andContinue Reading
By Kadiri Abdulrahman The International Monetary Fund (IMF) says the global economy has improved tremendously amid uncertainty. The IMF Managing Director, Kristalina Georgieva, gave the description in Washington while making a presentation on the “Global Policy Agenda” at the ongoing Annual Meetings of the World Bank Group. According to Georgieva,Continue Reading
By Rukayat Moisemhe Bank of Industry (BoI) has signed a Memorandum of Understanding (MoU) with Bumpa, a Nigerian digital platform, to empower youth-led Micro, Small and Medium Enterprises (MSMEs) through digital innovation and expanded market access. Dr Olasupo Olusi, Managing Director,Continue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) says Nigeria’s inflation rate has dropped for six months straight, hitting 18.02 per cent in September; its lowest point in three years. The CBN Governor, Yemi Cardoso, said this in a statement on Thursday in Washington. Cardoso cited new data, releasedContinue Reading
By Nana Musa The Chairman of Heirs Holdings and United Bank for Africa (UBA), Tony Elumelu, has urged African governments to unlock the continent’s vast pension funds. Elumelu made the call during the inauguration of the white paper on mobilising over four trillion dollars untapped domestic capital across Africa, presentedContinue Reading
By Adebola Adegoke Mantrac Nigeria, the sole authorised Caterpillar equipment representative in the country, has reaffirmed commitment to Nigeria’s industrial and infrastructure growth with its new digital service centre. The digital centre monitors equipment performance remotely, conducts virtual inspections, and proactively responds to faults or irregularities beforeContinue Reading
By Nana Musa/Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has assured foreign investors that the government will continue to advance reforms and unlock opportunities for sustainable investment and growth. CBN Governor, Yemi Cardoso, gave the assurance in Washington, while addressing investors at the Nigeria Investors Forum held on theContinue Reading
