Featured - Westafrica Business News

FGN N800bn Bond auction oversubscribed @ N2.7trn, but N524bn allotted

As Nigerian Local Bonds thrives on Bullish Sentiment While Eurobonds Retreat BY BONNY AMADI In the week ended February 27, Nigerian Government’s...

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Government

Abidjan-Lagos Highway Operational Phase Commences

With Launch of Governing Board BY BONNY AMADI The Abidjan-Lagos Highway Project Operations has kicked off with the Launch of Board of...

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Economy

N6.2 trn Debt: GenCos Raise Alarm as Nigeria’s Electricity Crisis Worsens

BY BONNY AMADI A debilitating debt of N6.2 trillion owed the Power Generating Companies (GenCos) in Nigeria, for eleven years is currently...

26

Economy

Africa’s $29.5trn Mineral Wealth Poised to Boost Mining Sector Jobs

Harnessing opportunities BY BONNY AMADI Africa’s mining sector maintains its role as a key contributor of employment creation, fuelled by rising global...

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Economy

Capital Market: Contribution to GDP Soars to 33% with N68.83trn growth

BY BONNY AMADI Nigeria’s capital market has recorded a remarkable 125 per cent growth in market capitalisation since April 2024, rising from...

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Finance

Nigeria’s FX Reserves Hit 13year High, Rise to $48.5bn

BY BONNY AMADI Nigeria’s foreign exchange (FX) reserves rose to $48.5 billion on Tuesday, representing the highest in about 13 years. The...

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Energy

Tinubu Mandates Direct Oil, Gas Revenue Remittance to Federation Account

BY BONNY AMADI President Bola Tinubu has issued an Executive Order directing direct remittance of oil and gas revenues to the Federation...

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Government

Again, Lawmakers Kick Against Mandatory Electronic Transmission of Election Results

BY BONNY AMADI The Nigerian Senate on Tuesday again, voted against mandatory electronic transmission of election results. Abia South Senator, Enyinnaya Abaribe,...

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Government

Terrorism: US additional 100 military officers, equipment arrives Bauchi

BY BONNY AMADI Nigerian defence headquarters (DHQ) says 100 United States military personnel and associated equipment have arrived at Bauchi airfield. In...