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Category: Economy

Business Economy headline

Tinubu appoints new CEOs for NCC, NITDA, NIPOST

Iheanyi Ejiofor October 11, 2023 No Comments #NCC#NIPOST#NITDA#Tinubu

Our reporter/ President Bola Tinubu on Wednesday approved the appointments of new chief executive officers for agencies and parastatals under the ministry of communications, innovations and digital economy. According to…

Read More Tinubu appoints new CEOs for NCC, NITDA, NIPOST
Business Economy

Dangote Cement denies running sales Promo

Iheanyi Ejiofor October 10, 2023 No Comments #Dangote cement

–Moves to track, and prosecute peddlers of falsehood   Management of Dangote Cement Plc has denied reports, in some online platforms that it has embarked on sales promotion and has…

Read More Dangote Cement denies running sales Promo
Business Economy headline

IMF cut growth projection for Nigeria to 2.9%

Iheanyi Ejiofor October 10, 2023 No Comments #Nigeria's economic growth projectionIMF

Our reporter/ Nigeria’s growth forecast has been reduced from 3.3 percent to 2.9 percent in 2023 and 3.1 in 2024 respectively, with negative effects of high inflation on consumption taking…

Read More IMF cut growth projection for Nigeria to 2.9%
Business Economy headline

Report: FX backlog to affect Nigeria’s import, as suppliers may not accept letters of credit, PwC says

Iheanyi Ejiofor October 10, 2023 No Comments #FX backlog

Nigeria will likely experience decline in imports over the inability of the Central Bank of Nigeria (CBN) to meet foreign exchange (FX) obligations, PwC Nigeria says in its bi-monthly economic…

Read More Report: FX backlog to affect Nigeria’s import, as suppliers may not accept letters of credit, PwC says
Business Economy

eNaira not a threat to financial stability – CBN

Iheanyi Ejiofor October 10, 2023 No Comments #CBN#eNaira#financial stability

The Central Bank of Nigeria (CBN), on Monday assured Nigerians that its digital currency, eNaira posed no threat to financial stability. The Director, Corporate Communications Department of CBN, Dr Isa…

Read More eNaira not a threat to financial stability – CBN

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