Economy - Page 9

FG Unveils $10bn Nigeria Diaspora Fund to Attract Foreign Investments

April 26, 2024

By Adedapo Adesanya The federal government has announced the launch of a $10 billion Nigeria Diaspora Fund, a multi-sectoral investment opportunity to encourage remittances,

Economy

Naira Now N1,136/$1 Amid Persistent Inflationary Pressures

April 16, 2024

Adedapo Adesanya

By Adedapo Adesanya The Naira appreciated further against the United States Dollar by 0.6 per cent or N6.34 at the Nigerian Autonomous Foreign Exchange

Economy

Oil Prices Slip as Iran Attack on Israel Concerns Ease

April 16, 2024

Adedapo Adesanya

By Adedapo Adesanya Oil prices slipped on Monday after Iran’s weekend attack on Israel proved to be less damaging than anticipated, easing concerns of

Economy

Nigerian Stocks Bearish for 13th Straight Sessions Amid Panic Selling

April 16, 2024

Dipo Olowookere

By Dipo Olowookere The absence of a positive trigger has kept the Nigerian Exchange (NGX) Limited in the negative territory for the 13th consecutive

Economy

Nigeria Now Paying More for Petrol Subsidy Than Before—El-Rufai

April 15, 2024

Modupe Gbadeyanka

By Modupe Gbadeyanka The immediate past Governor of Kaduna State, Mr Nasir El-Rufai, has claimed that the federal government under the leadership of President

Economy

Nigeria Grows Oil Reserves to 37.50bn Barrels in Six Months

April 15, 2024

Adedapo Adesanya

By Adedapo Adesanya The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the nation’s oil reserves as of January 1, 2024, stood at 37.50

Economy

Groups Want FG to Block $2.4bn Sale of Shell Assets

April 15, 2024

Adedapo Adesanya

By Adedapo Adesanya A group of 40 civil society organizations including Amnesty International, have called for the blockade of the proposed sale of Shell’s

Economy

Unlisted Securities Traders Lose N81bn in Week 15

April 15, 2024

Adedapo Adesanya

By Adedapo Adesanya The 15th week of trading at the NASD Over-the-Counter (OTC) Securities Exchange was bearish despite operating for only two days after