Nigeria becomes Africa’s largest importer of refined petrol from Europe – S&P Insights. In a recent analysis by S&P Global Commodity Insights, Nigeria has solidified its position as Africa’s primary importer of refined petrol, driven by a surge in…
UK introduces Immigration Salary list (ISL) to reduce net migration of skilled workers. In a significant move aimed at reshaping its immigration landscape, the UK government has recently implemented sweeping changes, including a substantial 48% increase in the salary…
Former Access Bank Employees Face EFCC Charges for Alleged N16m Theft. The Enugu Zonal Command of the Economic and Financial Crimes Commission (EFCC) brought charges against three ex-employees of Access Bank and an accomplice on Tuesday, March 12, 2024,…
Nigeria’s Top 10 Agricultural Exports in 2023: A Breakdown. In 2023, Nigeria witnessed a remarkable surge in its agricultural exports, with a staggering worth of N1.23 trillion, as reported by the National Bureau of Statistics (NBS). This marked a…
Nigeria’s Top Ten Foreign Trade Partners in 2023: Insights and Trends. In 2023, Nigeria experienced a significant surge in its foreign trade, reaching a total of N71.88 trillion, marking a notable 37.2% increase compared to the previous year’s N52.38…
Meet 10 Female VC Execs backing Nigeria’s billion-dollar startup ecosystem. Exploring the dynamic realm of African venture capital, Nigeria stands out as a hub of financial innovation and progress, setting the stage for an intriguing narrative in Q3 2023.…
Nigeria’s Fuel Import Expenditure Soars to N3.5 Trillion Post-Subsidy Removal: A Deep Dive Analysis. In the latter half of 2023, Nigeria incurred a staggering N3.5 trillion in fuel imports, as disclosed by data from the National Bureau of…
MTN has invested over $120 million in expanding 5G coverage in Nigeria – CFO. In an exclusive interview with Nairametrics, Mr. Modupe Kadri, the Chief Financial Officer of MTN Nigeria, revealed that the telecommunications giant has made significant strides…
CBN’s Interest Rate Hike Raises Concerns of Growing Non-Performing Loans – Financial Analysts Warn. Financial analysts are expressing apprehensions over the recent decision by the Central Bank of Nigeria (CBN) to raise the interest rate by 22.75%, citing potential…
IMF to Nigerian Government: Implement cash transfer programme before addressing fuel, electricity subsidies. The International Monetary Fund (IMF) stresses the importance of expediting the full implementation of Nigeria’s cash transfer program to support vulnerable households, advising that this should…