Economy

Dr Titus Okunrounmu, former Director, Budget Department of Central Bank of Nigeria (CBN), has advised the Federal Government to borrow money to repair the nation’s refineries to boost economic activities. Okunrounmu gave the advice in an…

PepsiCo has made a 1.7 billion dollars (1.35 billion pounds) offer to buy South Africa’s Pioneer Food Group, the companies said on Friday, boosting the target’s shares by nearly 30 per cent. The U.S. drinks and snack group said Pioneer…

Prof Kingsley Moghalu, a former Deputy Governor of Central Bank of Nigeria (CBN), says Lagos accounting for 70 per cent of credit facilities in Nigeria is unacceptable. He said this could not be a model of sustainable finance. Moghalu…

 The Chief Executive Officer (CEO) of Cars45, Mr Etop Ikpe, on Tuesday said that to make car purchase more convenient for more Nigerians, the company was improving on making more platform available for car financing. Ikpe made the…

The Nigerian Stock Exchange (NSE) on Friday postponed the planned cross border secondary listing of 3,758,151,504 ordinary shares of Airtel Africa. The Exchange, in a mail, said that the postponement was necessitated by the need to…

Nigeria is currently losing at least 300,000 tonnes of sugar to smuggling annually, the Chairman, Dangote Group, Alh. Aliko Dangote, has said. He made this known during the Dangote Sugar Annual General Meeting (AGM) in Lagos on Tuesday.…

The Marine Club of Nigeria (MCN) has urged the Central Bank of Nigeria (CBN) to reduce benchmark lending rate in order to position commercial banks to better aid operations of businesses in the country. The President of the club, Dr…

Mr Bismarck Rewane, Managing Director, Financial Derivatives, has allayed the fear that Nigeria’s economy will fall back into recession, saying the momentum is on growth trajectory. Rewane gave the assurance at the U.S.A. Fair 2019 on…

The Managing Director of the Nigerian Ports Authority (NPA), Ms Hadiza Bala-Usman, on Monday advised women to balance their work with family life. The General Manager Corporate and Strategic Communications of NPA, Mr Adams Jatto, said…

The National Bureau of Statistics (NBS) said the Internally Generated Revenue (IGR) of 36 states and the Federal Capital Territory (FCT) for fourth quarter 2018 was N324.59 billion compared to N264.34 billion recorded in third quarter of…