Monday, May 5, 2025
Nigerian Exchange Group Plc (NGX Group), a leading integrated market infrastructure group in Africa has made a significant investment in the Ethiopian Securities Exchange (ESX), sources close to this development told BusinessDay. This pivotal move not only marks NGX Group’s entry into East Africa but also underscores its commitment to […]
Nigeria’s federal government has declared Tuesday, April 9, and Wednesday, April 10, 2024 as holidays to mark this year’s Eid-el-Fitr celebrations. Olubunmi Tunji-Ojo, the minister of interior, made the declaration on behalf of the federal government in a statement on Sunday signed by the ministry’s Permanent Secretary, Aishetu Ndayako. The minister […]
Former Vice President Atiku Abubakar on Sunday faulted President Bola Ahmed Tinubu administration on the 700km Lagos -Calabar coastal road project, saying that the project “again inadvertently revealed its penchant for dubious and shady deals. Atiku who recalled how the project was first awarded by the former President Goodluck Jonathan […]
In a move to ease delays and ensure continued employment authorization for non-citizens, the United States Citizenship and Immigration Services (USCIS) announced a significant extension to work permit validity periods. The new policy, implemented through a temporary final rule (TFR), extends the automatic extension period for certain Employment Authorization Documents […]
While critics may caution against the risks of fiscal indiscipline and debt vulnerability, citing examples of past fiscal mismanagement and debt distress in different regions, such concerns are valid. However, they should not overshadow the imperative of strategic deficit financing in contexts where public investments are essential for long-term development. “Recent […]
The contribution of the manufacturing sector to Nigeria’s non-oil exports has declined by 62 percent in four years as operators battle rising expenses amid high borrowing costs and low consumer spending. Data from the most recent foreign trade report shows that the share of manufacturing exports to total exports declined from N2.1 trillion in […]
The Central Bank of Nigeria (CBN) has ticked off nearly all items on its long-awaited monetary policy reform list, buying time for the government to chart a much-needed path to long-term and more sustainable dollar inflows. The naira rallied to a three-month high of 1,251 per US dollar last Friday, a remarkable turnaround for […]
…Prices drop 44% on stronger naira Cashew farmers in the country have projected that output for the 2024 season that started in January will dip marginally owing to the harsh harmattan season experienced in major growing areas. They said the harsh harmattan season has affected cashew trees in major producing states at the […]
April 7, – Nigeria’s equities market closed the first quarter of the year March 28, 2024 on a resounding note of significant growth as investors counted huge gains. Data by the Nigerian Exchange (NGX) showed that market capitalisation hit N59.12 trillion against N40.91 trillion when the market opened on January […]
LAGOS – The Association of Bureaux De Change Operators of Nigeria (ABCON), the umbrella body of all Central Bank of Nigeria (CBN)-Licensed Bureaux De Change (BDCs) in Nigeria, has appealed to the Central Bank of Nigeria (CBN) to adjust and lower its applicable Exchange Rate downward below the N1,251/$ its pegged […]