Delta Air Lines has released its financial report for the first quarter of 2025, showing strong results despite global economic uncertainties affecting the aviation sector. According to the report, the …
Finance & Services
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NGX Group Moves to Attract More Private Capital, Approves Record Dividend
The Nigerian Exchange Group (NGX Group) is taking steps to attract more private capital and reduce the trend of companies delisting from the stock market. This was made known by …
- AgribusinessAgricultureBusiness InsightsEconomyFinance & ServicesGOVERNMENTLeadership
New BOA Boss, Ayo Sotinrin, Vows to Restructure Bank, Improve Lending and Support for Farmers
The new Managing Director of the Bank of Agriculture (BOA), Ayo Sotinrin, has promised to restructure the bank and reposition it to better serve farmers and boost food production in …
- BusinessEconomyFinance & ServicesGOVERNMENT
Afreximbank Invests Over $50bn in Nigeria in 10 Years, Opens Trade Centre in Abuja
Afreximbank has pumped over $50 billion into Nigeria’s economy in the last ten years. The bank said the money was spread across major sectors like energy, manufacturing, healthcare, transport, infrastructure, …
- BusinessDevelopmentEnergyFinance & Services
NLNG, BoI unveil micro-credit scheme to boost local economy
The Nigeria LNG Limited (NLNG) has taken a bold step to empower small businesses and drive grassroots economic development with the launch of an expanded Micro, Small, and Medium Enterprises …
The Nigeria Deposit Insurance Corporation (NDIC) has announced that it will begin the payment of the first tranche of liquidation dividends to depositors of the now-defunct Heritage Bank. The move …
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CBN Reports $20.93bn Remittance Inflow, $6.83bn Balance of Payments Surplus for 2024
The Central Bank of Nigeria (CBN) has announced that personal remittances into Nigeria rose to $20.93 billion in 2024, representing an 8.9% year-on-year increase. This was revealed in a statement …
- EconomyFinance & ServicesGOVERNMENTINVESTMENT
PenCom Invests ₦5.51tn in Real Sector to Boost Economic Growth
The National Pension Commission (PenCom) has disclosed that a total of ₦5.51 trillion from Nigeria’s pension funds has been invested into key sectors of the economy to support long-term development …
- BusinessDevelopmentFinance & ServicesInternational Relations
AfDB President Adesina Calls for Stronger Investment Bridges Between Africa and Global Markets
The President of the African Development Bank (AfDB) Group, Dr Akinwumi Adesina, has again made a strong case for increased global investment in Africa, saying the continent remains one of …
- BusinessEconomyFinance & ServicesManufacturing
Forex Wahala: Nigerian SMEs Struggle as Naira Crisis Deepens
Small and medium-sized businesses across Nigeria are groaning under the weight of the forex crisis as the naira continues to fall and the foreign exchange market remains unstable. For many …