Economy

Nigeria Signs Arab-Africa Trade Bridge (AATB) Program Membership

BY BONNY AMADI The Arab Africa Trade Bridges (AATB) Pro- gram and the Federal Republic of Nigeria have formalized a partnership with...

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AFC Raises Record US$524m in Dual-Currency Samurai Loan Facility

Africa Finance Corporation (AFC) the continent’s leading infrastructure solutions provider, has closed a landmark US$524 million equivalent dual-currency Samurai term loan facility....

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BOI disburses over N1.27tn to 14 sectors supporting 900,000 jobs

The management of Bank of Industry on Tuesday said the bank disbursed over N1.27 trillion to enterprises across 14 sectors, directly and...

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Nigeria’s GDP Rate Records 3.98% Growth in Q3, says NBS

The National Bureau of Statistics (NBS) says Nigeria’s gross domestic product (GDP) grew by 3.98 percent (year-on-year) in real terms in Q3...

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Portfolio rebalancing, selling pressure open December trading on NGX

As Financial stocks lead activities BY BONNY AMADI Selling pressure and portfolio rebalancing commenced the December trading session on Monday, keeping the...

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Aligning monetary, fiscal policies for robust financial system

BY KADIRI ABDULRAHMAN Monetary and fiscal policies are considered crucial for establishing a robust financial system; hence the need to align them,...

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Afreximbank closes second Samurai Bond, raising JPY 81.8bn

Approx. USD 527m African Export-Import Bank (Afreximbank) has successfully closed its second Samurai bond transaction, securing a total of JPY 81.8 billion...

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SEC intensifies collaboration to Prosecute Ponzi scheme perpetrators

The Securities and Exchange Commission (SEC) has reaffirmed commitment to strengthen inter-agency collaborations to identify and prosecute the promoters of Ponzi schemes...