Business & Economy: Trump Has Shown He Will BacktrThursday, April 17, 2025
Amid Donald Trump rsquo;s escalating tariff war with China, the world has been left in no doubt. Consistent with his campaign messaging, and going against the overwhelming majority of economists rsquo; advice, it rsquo;s clear that the US president still loves tariffs. He is ready to use them as a b ...
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Global Growth On Recessionary Path Amid Trade Tensions And UncertaintyThursday, April 17, 2025
The world economy is on a recessionary trajectory as global growth is expected to slow to 2.3 per cent this year due to escalating trade tensions and uncertainty, the UN trade and development body, UNCTAD, said in a new report published on Wednesday. The projection is below the 2.5 per cent thres ... |
FAAC Disburses N1.5 Trillion To FG, States, Local Govt In MarchWednesday, April 16, 2025
The Federation Account Allocation Committee (FAAC) has disbursed N1.578 trillion to the federal government, states and local governments for the month of March. This was disclosed in a communiqu eacute; issued by FAAC and made available by the Director, Press and Public Relations, Office of the A ... |
Nigerians In Tears As CBEX Ponzi Scheme CrashesTuesday, April 15, 2025
Many Nigerians have been thrown into financial despair after a self-acclaimed digital trading platform, CBEX, reportedly crashed, leaving victims with empty accounts. CBEX had positioned itself as a high-yield investment platform, promising users a 100% return on investment within one month. Inve ... |
BUSINESS & ECONOMY: Jitters in the US bond market look like the main reason TrumMonday, April 14, 2025
Bond markets don rsquo;t often make front-page news but the recent sharp sell-off in US Treasuries appears to have been enough to prompt US president Donald Trump to pause his plans for new tariffs. Traditionally, US Treasuries are seen as one of the world rsquo;s safest assets for investors. The ... |
Court Rules Against First Bank In Favor Of General Hydrocarbons, Lawsuit For MilMonday, April 14, 2025
It was reported on Wednesday that First Bank, under Mr Olusegun Alebiosu, the Managing Director (MD) and Chief Executive Officer (CEO) was embarrass ed by the judgment of the Federal High Court, which unceremoniously threw out the lender rsquo;s case against General Hydrocarbons owned by the media m ... |
Dr Nicky Okoye Drives The Adoption Of Digital Asset MARKETS For Nigeria's DigitaSaturday, April 12, 2025
Nigeria rsquo;s financial and capital markets took a significant leap into the future of digital finance at a landmark strategy session and masterclass hosted by the Securities and Exchange Commission (SEC) in Lagos, in partnership with the Global Investment Advisory (GIA) community. The highligh ... |
FG Sets Up Committee Over New US TariffsSaturday, April 12, 2025
The Nigerian government has set up a sub-committee to evaluate the possible economic impact of the recently increased trade tariff imposed by the United States government. The decision came after a meeting of the Economic Management Team (EMT) chaired by Wale Edun, the minister of finance and coo ... |
CBN Announces $6.83bn Balance Of Payments Surplus In 2024 For NigeriaWednesday, April 9, 2025
The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of $6.83 billion for the 2024 financial year, signaling a strong recovery from deficits of $3.34 billion in 2023 and $3.32 billion in 2022. The announcement was made in a statement signed by the Acting Director of ... |
Reflecting On An Extraordinary Journey By Dupe Olusola (Former MD/CEO TranscorSaturday, April 5, 2025
Dupe Olusola, the former MD/CEO of Transcorp Hotels Plc, reflects on her nearly five-year tenure, highlighting the company 39;s remarkable transformation. When she took over in March 2020, the company faced significant challenges due to the COVID-19 pandemic, with revenue plummeting to ?10.2 billio ... |
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