Business & Economy

Maureen Aguta   A recent Goldman Sachs' projection paints a picture of a world where Asia's economic clout is markedly pronounced, with China and India leading the charge. The list also reflects the significant growth of…

Maureen Aguta   The naira recorded N81.34 depreciation against the US dollar in a single day at the foreign exchange market. FMDQ data showed that the naira tumbled to N1, 154.08 per dollar on Thursday from N1,072.74 on…

Maureen Aguta   Nigeria is burning through its foreign exchange reserves at a rate not seen in four years, raising concerns that the central bank is depleting its dollar holdings to support the naira after pledging it would…

Maureen Aguta   The Association of the Bureau De Change Operators of Nigeria (ABCON) says the Nigerian currency Naira has appreciated faster than expected against the United States’ Dollar. The President of the…

Maureen Aguta   Nigeria’s inflation rate increased to 33.2 per cent for the month of March 2024 according to the latest data from the National Bureau of Statistics (NBS). This represents 1.5 per cent points increase from…

Maureen Aguta   The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on Oct. 1, 2024. In a statement issued…

Maureen Aguta The World Bank says the average inflation in Nigeria will remain elevated at 24.8 per cent year-on-year in 2024. The global lender also disclosed that the rate of poverty reduction in the country is low…

Maureen Aguta The recovery of the nation’s currency, the naira, against the dollar in the last two months has been described as artificial and cosmetic by analysts. This is despite the claim by the Association of…

Maureen Aguta Nigerian billionaire businessman and the Chief Executive Officer of Landmark Group, Paul Onwuanibe, has lamented that he will be stuck in debt of over $20 million and may lose his $100 million investment…

Maureen Aguta   Forbes has released its annual list of the world’s billionaires and in 2024, there are more people on the list than ever – and they’re richer than ever. There are 141 more billionaires in the world than…