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Category: Business

Business Economy headline

US tariff on Nigeria poses destabilising challenges to non-oil sector – FG

Iheanyi Ejiofor April 7, 2025 No Comments #US tariff #Non-oil sector

Our reporter/ The recent 14 percent tariff imposed on Nigeria’s exports to the United States (US) presents destabilising challenges to price competitiveness and market access in the non-oil sector, the…

Read More US tariff on Nigeria poses destabilising challenges to non-oil sector – FG
Business Economy headline

$23 billion net foreign exchange reserve expected to stabilise exchange rate

Iheanyi Ejiofor April 7, 2025 No Comments #Foreign exchange #Foreign reserve

A financial expert, Uche Uwaleke, says the current size of Net Foreign Exchange Reserves at $23.11 billion will positively impact the value of the naira. Mr Uwaleke, a professor of Capital…

Read More $23 billion net foreign exchange reserve expected to stabilise exchange rate
Business Economy headline

EcoBank asks Court to restrain Otudeko’s Son and others from selling 6.3 billion shares 

Iheanyi Ejiofor April 5, 2025 No Comments #Ecobank #Otudeko

EcoBank Plc has asked the Federal High Court in Lagos to temporarily restrain Otudeko Obafemi Adedamola, the son of Oba Otudeko, and others, including the Corporate Affairs Commission (CAC), from…

Read More EcoBank asks Court to restrain Otudeko’s Son and others from selling 6.3 billion shares 
Business Economy headline

Ojulari takes over from Kyari at NNPC

Iheanyi Ejiofor April 4, 2025 No Comments #Ojulari #NNPC

The new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr.…

Read More Ojulari takes over from Kyari at NNPC
Business Economy headline

U.S. tariffs pose significant threat to Nigeria’s economy, others, IMF warns

Iheanyi Ejiofor April 4, 2025 No Comments #IMF #Trump tariffs

International Monetary Fund’s managing director, Kristalina Georgieva, has expressed concerns over new U.S. tariffs, calling them a major risk to the global economy amid ongoing economic sluggishness. She expressed the…

Read More U.S. tariffs pose significant threat to Nigeria’s economy, others, IMF warns

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