Economy

The Bank of Industry (BoI) Nigeria has completed a landmark €1 billion Guaranteed Senior Loan Facility to further enhance its capacity to deliver on its mandate. According to the bank, …

The stock market recorded limited movement on Monday after closing trading before Deputy President William Ruto was declared the winner of the presidential elections amid chaotic scenes and rejection of …

The Naira on Monday depreciated against the dollar at the Investors and Exporters window, exchanging at N430. The figure represented a decrease of 0.09 per cent compared with the N429.62 …

Nigeria’s inflation rate in the month of July 2022 rose to a 17-year high of 19.64%. This compares to 18.6% recorded in the previous month of June 2022. The latest …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) at the weekend inaugurated a 12-member Flare Gas Commercialisation Programme Team with responsibility to drive the process and coordinate the Flare Gas Commercialisation Programme …

Tea prices at the weekly Mombasa auction increased slightly last week even as volumes traded remained steady. At the auction, a kilo averaged USD2.21(Sh263.99) up from USD2.20(Sh262.79) in the previous …

Egypt is planning to issue Eurobonds worth around $5 billion to $6 billion during fiscal year (FY) 2022/2023, an informed government source told Asharq Business on August 14th. It is worth mentioning …

The Nigerian Labour Congress (NLC) has asked the federal government of Nigeria to raise taxes across the board for the ‘rich’ and ensure that governors above 50 years resign.  The …

The Federal Government of Nigeria on Thursday put the economic cost of post-harvest losses at N3.5 trillion annually in the Agricultural sector. The Minister of State for Agriculture and Rural …

Earlier this week, US lawmaker and Iowa Attorney General, Tom Miller, joined farmers’ unions in calling the White House to waive tariffs on Moroccan fertilizers. Miller called on President Biden’s …