2 mn read Stanbic IBTC Holdings, a prominent financial services group dedicated to fostering growth and innovation within Nigeria’s economic sphere, has announced its eagerly anticipated annual event, the Youth Leadership Series (YLS). Now in its seventh edition, the YLS stands as a beacon of inspiration and empowerment for the nation’s youth, offering invaluable insights and strategies for […]

< 1 mn read Aliko Dangote, Africa’s wealthiest individual and the CEO and Chairman of Dangote Group, has expressed frustration over the stringent visa requirements hindering intra-African travel. Speaking at the Africa CEO Forum in Kigali, Dangote highlighted the bureaucratic hurdles he faces, requiring him to obtain 35 different visas for business travel across the continent. “As an investor […]

2 mn read Despite the Central Bank of Nigeria’s (CBN) recent increase in monetary policy rates, the steady rise in the inflation rate persists, particularly impacting rural areas where the price of foodstuff has nearly doubled over the past three years. The latest Consumer Price Index (CPI) report for April 2024, published by the National Bureau of Statistics […]

< 1 mn read “The United States has declined a proposal for a global tax on the assets of wealthy individuals and businessmen, including Aliko Dangote, Chairman of the Dangote Group, Femi Otedola, Chairman of the Femi Otedola Foundation, and Mike Adenuga, Chairman of Globacom telecommunication company in Nigeria, among others. Janet Yellen, the U.S. Treasury Secretary, announced this […]

< 1 mn read On Tuesday, May 21, 2024, the exchange rate for the Nigerian Naira at the parallel market, commonly known as the black market, was reported to be ₦1,485.544 to 1 US Dollar. This information was provided by Naira rate’s Official X handle, a presumably reputable source for currency exchange information. The black market exchange rate is […]

< 1 mn read The Central Bank of Nigeria (CBN) has implemented a significant increase in its interest rate, raising it to 26.25%. This decision comes in response to the persistent challenge of rising inflation in the country. Inflation refers to the general increase in prices of goods and services over time, leading to a decrease in the purchasing […]

< 1 mn read “CBN Led by Cardoso Intensifies Tightening Measures, Raises Lending Rate to 26.25%” Under the leadership of Cardoso, the Central Bank of Nigeria (CBN) has escalated its tightening policies, announcing a significant increase in the lending rate to 26.25%. This aggressive move signals the bank’s commitment to tackling inflation and stabilizing the economy amidst rising challenges. […]

2 mn read Nigeria reclaims title of Africa’s largest oil producer in latest OPEC report. Nigeria’s oil production in April 2024 surged to 1.28 million barrels per day (BPD) making the country the highest oil producer in Africa. This increase showed that crude oil production in Nigeria increased month-on-month, (MoM), by 4% from 1.23 million BPD recorded in […]

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