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Business

Printing More Money

Can Printing More Money Make Poor Nations Richer?

August 17, 2021
It seldom works when an entire country attempts to get wealthy by creating more money. Everyone has more money, thus prices will rise. And individuals are finding that they need more and more money to buy the same number of products as they did in the previous years. As a result of the recent printing of additional money in Zimbabwe
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Nigeria's Inflation

Nigeria’s Inflation Slows Fourth Straight Month to 17.38% in July

August 17, 2021
By Adedapo Adesanya Nigeria’s inflation rate for July 2021 dropped for the fourth consecutive month to 17.38 per cent from the 17.75 per cent recorded in June 2021. According to the latest Consumer Price Index Report for July released by the National Bureau of Statistics (NBS), this happened because of a slower rise in the prices of food. The data
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Naira to Dollar Exchange rate

FG Pegs Exchange Rate at N410.15/$1 for 2022 Budget

August 17, 2021
By Adedapo Adesanya The federal government has pegged the exchange rate at N410.15/$1 and the crude oil benchmark at $57 per barrel for the 2022 budget it is planning to submit to the National Assembly for approval. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, confirmed this on Monday at an interactive session organised by the House
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Undersea Internet Connectivity

Facebook Extends Undersea Internet Connectivity to S’East Nigeria

August 17, 2021
By Sodeinde Temidayo David Leading social networking service company, Facebook Incorporated, under the 2Africa project, has extended its 37,000km undersea Internet cable connectivity in South-East Nigeria, as well as other three branches. The company noted that it would also be implementing the project in Seychelles, the Comoros Islands and Angola after recently announcing the extension to the Canary Islands. This
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Lagos State

How Only Lagos, Two Others Attracted $875.6m to Nigeria in Q2

August 17, 2021
By Sodeinde Temidayo David In the second quarter of 2021, only Lagos, Ogun and the Federal Capital Territory (FCT) Abuja attracted the $875.6 million to Nigeria, analysis by Business Post has shown. The capital inflows into the country were between April and June 2021 and they were lower than the $1.9 billion recorded for the first quarter of 2021, data
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Politics

Airtel Nigeria Data Plans

Airtel Nigeria Leads Telecom Market Surge

April 26, 2024
In a recent revelation from the Nigerian Communications Commission (NCC), Airtel Nigeria has emerged as a standout performer in the country’s telecommunications sector, marking significant gains in market share over the past year. According to the NCC data, by the end of March 2024, Airtel Nigeria has grown its market share over the last year to a remarkable 29 per
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Travel

Latest

t-bills market

T-Bills Market Bullish as Yields Drop to 13.73%

By Dipo Olowookere Activities resumed yesterday at the secondary market for treasury bills with investors cherry-picking on attractive rates on the short end of the curve (Nov – Jan). Also, market players maintained a risk off stance to maturities on the longer
October 23, 2018

No Plan to Impeach Ambode Now–Lagos Assembly

By Modupe Gbadeyanka Lagos State House of Assembly has allayed fears that the is an underground plot to remove Governor Akinwunmi Ambode from office. Speaker of the legislative arm of the Lagos State government, Mr Mudashiru Obasa, said during plenary on Monday
October 22, 2018

Access Bank Grows Profit by 11.55% as EPS Hits N2.18k

By Modupe Gbadeyanka The board of Access Bank Plc has announced the financial statements of the lender for the period ended September 30, 2018. The firm released the third quarter earnings to the Nigerian Stock Exchange (NSE) on Monday and a brief
October 22, 2018

Asian Equities Close Mixed

By Investors Hub Asian stocks turned in a mixed performance on Monday, with Chinese and Hong Kong shares rallying on hopes for more stimulus, while caution prevailed elsewhere across Asia on geopolitical concerns over Saudi Arabia, Italy and Brexit. Chinese stocks surged
October 22, 2018

European Stocks Advance Amid Cut in Italy’s Credit Rank

By Investors Hub European stocks have advanced on Monday, with Italian markets leading the surge after Moody’s Investors Service cut Italy’s credit rank by one step to Baa3 but set the outlook for the assessment at “stable,” removing the immediate threat of
October 22, 2018

US Shares Open Higher on Rally by Chinese Stocks

By Investors Hub The major U.S. index futures are pointing to a higher open on Monday, with stocks likely to move to the upside following the mixed performance seen last week. The upward momentum on Wall Street comes on the heels of
October 22, 2018
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