Economy
Global Economy: Supply chain disruption weighs on economic activities
Economic growth gave way in the United States as the supply chain disruption weighed on economic activities. According to the...
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MTN Nigeria pushes 31.3% y/y increase in Profit after Tax to NGN96.82 bn
MTN Nigeria Communications Plc (MTNN) released its Q1-22 unaudited results last week, showing a 31.3% y/y increase in PAT to...
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FG gets $124m AfDB loan to fund Akure Water Supply, sanitation project
Federal Government has obtained a $124.2 million loan from African Development Bank and Africa Growing Together Fund to fund Urban...
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Manufacturers borrow N1.03tn from banks, debts hit N4.2tn
Operators in the nation’s manufacturing sector saw their combined debt to Nigerian banks rise to N4.19tn in January 2022. This...
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PENCOM Approves Norrenberger’s Acquisition of IEI-Anchor Pension
The National Pension Commission (PENCOM) has approved Norrenberger’s acquisition of IEI-Anchor Pension. By this move, Norrenberger through its acquisition of...
Read moreEconomic crisis worsens as forex inflows fall by $9.58bn
Foreign exchange inflows into the economy declined in the fourth quarter of 2021, owing to lower receipts from the Central...
Read moreManufacturers borrow N1.03tn from banks, debts hit N4.2tn
Operators in the nation’s manufacturing sector saw their combined debt to Nigerian banks rise to N4.19tn in January 2022. This...
Read moreAmaechi seeks final approval for Ibadan dry Port
The Minister of Transportation, Mr Rotimi Amaechi, on Monday promised to seek the Federal Executive Council’s (FEC) approval for the...
Read moreAfDB predicts energy, food price hikes in Nigeria, others
The President, of the African Development Bank Group, Dr Akinwumi Adesina, has said that the costs of fertilizer, rising energy...
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FG records N2.23tn fiscal deficit in three months – CBN report
The Federal Government recorded N2.23tn fiscal deficit in the fourth quarter of 2021. This was revealed by figures obtained from...
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