In a recent statement during the KPMG Arise TV Budget Day program, Senator Atiku Bagudu, the Minister of Budget and Economic Planning, emphasized Nigeria’s goal to attract a minimum of $100 billion in investments by 2050, with a significant focus…
Mike Adenuga’s Net Worth Soars to $7.4 Billion, Securing Nigeria’s Second Richest Position. Renowned telecom tycoon and oil magnate, Mike Adenuga, has reclaimed his status as Nigeria’s second-richest individual, boasting a substantial net worth of $7.4 billion. This impressive…
Nigeria for Women Project: Federal Government Expands $100 Million World Bank Initiative to Boost Rural Empowerment. The Federal Government is set to broaden the impact of the Nigeria for Women Project (NFWP) in partnership with the World Bank, aiming to…
Global Crude Oil Prices Surge to $79 as Geopolitical Tensions Escalate. In a significant development, Brent crude oil prices experienced a notable 2.3% surge, reaching $79 per barrel on January 12, 2024. A comprehensive analysis by financebobo at 01:54…
In a significant move, Google has declared that users of its cloud services can now seamlessly transfer their data to another cloud service provider without incurring any data transfer fees. This latest initiative by Google aims to simplify the process…
In a strategic move to rejuvenate the Ajaokuta Light Steel mill, the Federal Government is set to raise approximately N35 billion through local financing. This announcement was made by the Minister of Steel Development, Mr. Shuaibu Audu, following a crucial…
In a notable shift for the first time in 2024, the NGX witnessed a bearish trend, closing with a 1.4% decrease as the All-Share Index settled at 82,024.38 points, down from yesterday’s 83,191.84 points. Following an impressive 11% surge over…
Introduction: In the realm of short-term investment options, Money Market Funds stand out as a favored choice among investors seeking stability and liquidity. Offering higher interest rates compared to regular savings accounts, these funds provide easy access to funds, investing…
Polaris Bank, acquired by Strategic Capital Investment Limited (SCIL) for N50 billion in 2022, has faced a tumultuous history marked by financial challenges and ownership transitions. This article provides a detailed timeline of significant events leading to the recent changes…
Zenith Bank Plc has refuted claims suggesting that its Managing Director, Ebenezer Onyeagwu, was apprehended by the Economic and Financial Crimes Commission (EFCC). In a statement released by the bank, it categorically dismissed the reports of the arrest as “entirely…