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Business & Economy
2024: Insecurity to worsen economic hardship in six Nigerian states—World Bank
Maureen Aguta
The World Bank has predicted that ongoing insecurity, armed conflicts, and worsening livelihoods will have a lasting impact on six states in Nigeria.
Persistent insecurity and armed conflict, and…
Tinubu’s 50% Christmas transport largesse appears a scam – Obi
Maureen Agura
Peter Obi, Presidential Candidate of the Labour Party (LP) in the February 2023 poll, is suspecting that the 50 per cent supposed reduction in the cost of transport across Nigeria for the Yuletide period may…
Emefiele funded Buhari’s corruption, operated 593 illegal foreign accounts – CBN investigator
Joseph Irikefe
The former Central Bank of Nigeria Governor, Godwin Emefiele, illegally lodged billions of naira in no fewer than 593 bank accounts in the United States, United Kingdom, and China without the approval…
British foreign investment supports Nigeria’s agricultural sector with commitment to Valency Int’l
Maureen Aguta
British International Investment (BII), the UK's development finance institution (DFI) and impact investor, today announced it has signed legally binding documents to invest US$15 million in equity into…
Peter Obi laments: After GSK, P&G, others leaving Nigeria
Joseph Irikefe
As Nigerians continue to suffer the negative impact of the exit of Pharmaceutical giants, GlaxoSmithKline (GSK) from Nigeria, former governor of Anambra State and presidential candidate of the Labour Party…
Godwin Emefiele, former CBN Gov, goes to prison
Joseph Irikefe
The Federal Capital Territory (FCT) high court sitting in Maitama, Abuja, has ordered the remand of former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in Kuje Correctional facility…
UBA cements leadership status, crowned African Champion of the Year 2023
Maureen Aguta
Africa's global bank, United Bank for Africa (UBA) Plc, has been named the African Champion of the Year 2023 at the just concluded Africa Financial Industry Summit, held in Lome, Togo.
The Africa Financial…
Our $6bn partnership deal with AfCFTA is to boost intra-African trade –UBA
Maureen Aguta
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has given more insight into why it recently signed a $6 billion partnership agreement with the African Continental Free Trade Area (AfCFTA), saying it…
CBN doesn’t have magic wand to solve Nigeria’s economic challenges–Cardoso
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has stated that the bank does not have a magic wand to solve Nigeria’s current economic challenges.
The apex bank’s chief said this in an emailed speech on Tuesday…
Afrximbank, Anambra Govt sign $200m development agreement
Afreximbank and Anambra State have signed two mandates, heralding a pivotal moment in the state's development.
Governor Chukwuma Soludo, Mr. Christian Udechukwu, Commissioner for Industry, Mr. Mark Okoye – CEO of Anambra State…