Lagos, August 20, 2023* - As Nigeria grapples with persistent foreign currency challenges, the Nigerian Exchange Ltd. (NGX) has unveiled a groundbreaking proposal aimed at enhancing access to foreign currency for businesses within the nation. The proposal, disclosed through a report from Bloomberg, outlines the possibility of allowing dollar-denominated bond ...

Lagos, August 20, 2023 - Nigeria's economic landscape is facing fresh turbulence as the Naira plummeted to a concerning N905 against the dollar after hitting a low of N925 earlier this week. The sharp devaluation followed the release of a JP Morgan report, casting a spotlight on Nigeria's net foreign ...

In a renewed burst of optimism, the Nigerian equities market kicked off the trading week on a positive note. Buoyed by significant gains in notable stocks including BuaFoods and Stanbic IBTC, the market experienced an upbeat session that resulted in an impressive N262 billion rise in market capitalization. As the ...

The manufacturing landscape in Nigeria is currently grappling with a dual challenge: surmounting a burgeoning debt crisis while simultaneously contending with the weight of escalating taxes. The Manufacturers Association of Nigeria (MAN), an influential body representing the interests of manufacturers, has sounded the alarm, asserting that the Federal Government's mounting ...

Amid the ever-fluctuating landscape of fuel prices in Nigeria, an in-depth analysis of regional and temporal variations paints a vivid picture of the complexities that define this critical economic indicator. The National Bureau of Statistics (NBS) has unveiled a comprehensive view of how fuel prices have evolved, revealing intriguing patterns ...

In an era marked by technological breakthroughs and rapid digital transformation, the realm of spirituality has also witnessed a remarkable shift. One significant embodiment of this shift is the explosive rise of the Nigerian Pastor behind the New Season Prophetic Prayers & Declaration (NSPPD) platform. Spearheaded by Pastor Jerry Uchechukwu ...

Congratulations on your decision to embark on the journey of investing! In a world were earning a paycheck is essential, investing offers the opportunity to make your hard-earned money work even harder for you. Crafting a strategic investment portfolio can pave the way for substantial wealth accumulation over time, fulfilling ...

Kudos on your decision to embark on the journey of investing! The path to building wealth through investments is a commendable endeavour that holds the potential to yield significant returns over time. For those venturing into the investment realm for the first time, fear not – we're here to guide ...

In a resounding display of musical talent and creativity, the stage is set for the inaugural Trace Awards. Renowned Afrobeats luminaries, including Davido, Burna Boy, Wizkid, and Tiwa Savage, emerged as notable contenders among the nominees. This prestigious event, hosted by music media company Trace, will take centre stage at ...

As the sun set over the nation's capital, a pivotal moment unfolded at the Conference Centre of the State House, Abuja. President Bola Tinubu, with a resolute demeanour, addressed the newly sworn-in ministers of his cabinet. Against a backdrop of heightened expectations, President Tinubu laid bare his vision for their ...

In a fervent display of his dedication to the Labour Party's growth and Nigeria's transformation, Peter Obi, the former presidential candidate of the Labour Party in the 2023 general elections, addressed party loyalists during a vibrant rally in Edo State. Amidst an atmosphere of camaraderie and anticipation, Obi took the ...

The dynamic realm of fuel prices in Nigeria has witnessed a staggering transformation in the past year. Data freshly released by the National Bureau of Statistics (NBS) has thrown light on an astounding 215.95% surge in fuel prices between July 2022 and July 2023. This shift has sent ripples throughout ...

Nigeria's economic challenges have been under scrutiny, and a new prediction from JP Morgan is casting a spotlight on the country's inflation trajectory. The global financial service firm has issued a warning, estimating that headline inflation could surge to a substantial 28% by the close of 2023. JP Morgan's Inflation ...

Winds of change are sweeping through Germany's IT sector, ushering in a new era of inclusivity and opportunity. The traditional emphasis on German language proficiency as a prerequisite for employment is undergoing a transformation, offering aspiring professionals a more open pathway to contribute their expertise. Spearheaded by influential figures like ...

JP Morgan's recent analysis has cast a spotlight on Nigeria's foreign exchange (FX) reserve, raising questions about the accuracy of previously reported figures. The country's FX reserve has long been a subject of interest and speculation, and JP Morgan's report titled "Nigeria: Reform Pause Rather Than Fatigue" delves into the ...

Who is a Personal Investor? Investors operate in different ways. As an investor you can operate in the market in your own name, whereby you buy and sell assets of various classes in your personal name. People who operate this way are referred to as personal investors. Notwithstanding this major ...

Often hailed as the game of kings and queens, chess is a time-honoured intellectual pursuit that has enthralled minds for centuries. Beyond its regal allure, chess is a crucible of strategic thinking, fostering qualities such as patience, adaptability, and calculated decision-making. In this analysis, we delve into the remarkable synergy ...

The political landscape in Niger Republic has been mired in uncertainty and upheaval since the forcible removal of President Bazoum in a military coup in late July. Amidst this backdrop of turmoil, the Economic Community of West African States (ECOWAS) has taken a firm stance against the proposed three-year power ...

In a dramatic eleventh-hour decision, President Bola Tinubu has made a pivotal move that is sending shockwaves through the political landscape. Just hours before the official swearing-in ceremony for ministers, President Tinubu announced the resurrection of the Niger Delta Ministry, effectively rekindling hopes for the long-neglected region. Niger Delta Ministry: ...

You have heard so much about the word – investor and you have wondered what it truly means. May be you already know what it means in everyday use of the word. The purpose of the article is not to provide a lesson in English language. Therefore, we are not ...

In a surprising turn of events, President Bola Tinubu has executed a swift cabinet reshuffle, making strategic appointments that have redefined the ministerial landscape. The changes, which took effect immediately, have sent ripples through political circles, sparking discussions about the motives behind these rearrangements. Strategic Appointments Alter Government Dynamics President ...

In a surprising turn of events, Russia's space agency, Roskosmos, has announced the unexpected crash of its highly anticipated Luna-25 spacecraft into the moon's surface. The mission that held the promise of advancing lunar exploration encountered a heartbreaking setback, leaving scientists and space enthusiasts around the world in awe and ...

As the tempestuous storm Hilary makes its mark on both Mexico and the U.S. Southwest, drawing attention to its torrential downpour and potential for flooding, we delve into the curious practice of naming weather conditions after people. Since the early 1950s, weather agencies around the world have bestowed monikers upon ...

The anticipation was palpable as the Women's World Cup final unfolded, pitting England against a resolute Spanish side. After a relentless battle against adversity that seemed straight out of a Hollywood script, it was down to this ultimate showdown. The stage was set, and the atmosphere was charged with excitement, ...

Abuja, August 20, 2023 - President Tinubu's resolute commitment to the Nigerian people resonates as the nation navigates a delicate juncture in the energy landscape. Amidst the complexities of global dynamics, President Tinubu's earlier decision to phase out fuel subsidies has received a boost from two unforeseen allies: a strengthening ...

Abuja, August 20, 2023 - The winds of change have swept through Nigeria's domestic air travel sector, bringing about an unprecedented shift in costs. A recent Transport Fare Watch report for June 2023, released by the National Bureau of Statistics, sheds light on a 40% surge in air travel expenses ...

Lome, August 20, 2023 - The Economic Community of West African States (ECOWAS) has set the stage for a transformative internship program, inviting fresh graduates from its member nations to partake in an immersive experience aimed at fostering their professional growth and insight into the workings of the regional institution. ...

Lagos, August 20, 2023 - As Nigeria's automotive landscape undergoes a transformative shift towards Compressed Natural Gas (CNG), some prominent voices within the Oil and Gas sector have voiced concerns over the potential affordability of vehicle conversions for the general populace. Diverse experts, engaging in individual interviews with various media ...

In a recent revelation, a startling discovery has emerged from the excavation of an Early Medieval settlement near Conington, a quiet village nestled in southeastern England's Cambridgeshire county. Archaeologists have uncovered the remains of a young girl, estimated to be 15 years old, buried in an unsettling and unusual manner. ...

In a remarkable move that could redefine Nigeria's transportation landscape, President Bola Ahmed Tinubu has launched the groundbreaking Presidential Compressed Natural Gas Initiative (PCNGI). This strategic initiative, as reported by the NTA News Network, is set to revolutionize the way Nigerians commute and offers a promising vision for a more ...