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While the Nigerian government celebrates recent multi-million dollar investments in the country, several multinationals have also left Nigeria by either divesting their operations in the country or selling their stakes to new investors. A notable exodus of multinationals recorded this year can be attributed to the country’s economic challenges particularly the poor value of the […]

The Nigerian All-Share Index (ASI) surged on December 17, 2024, climbing 128.31 points to close at 100,050.94—a solid 0.13% gain—finally closing above the 100,000-barrier. However, amid this rise in price, market volume declined from 740 million shares reported the previous day to 477.8 million shares, reflecting a 35.49% decline from what was recorded the previous […]

Africa’s fast growing technology company completes 100% acquisition of Rigo Microfinance Bank, making it one of the biggest healthcare finance technology companies in Africa. NucleusIS Africa Limited, Africa’s fastest-growing technology company, has announced its acquisition of Rigo Microfinance Bank Limited. This landmark takeover is expected to strengthen NucleusIS Africa’s ability to deliver cutting-edge healthcare financing […]

Bismarck Rewane has advised the federal government to ensure efficient spending and work to improve local production The renowned economist called out the overambitious inflation rate target, as noted in President Tinubu’s proposed budget He, however, hinted at the likelihood of the inflation rate increasing in December because of the festivities associated with the month […]

The Economic Community of West African States (ECOWAS) has approved an increased rate of compensation for passengers whose flights are cancelled or delayed across member states. The approval is contained in the final communique of the ECOWAS Sixty-Sixth Ordinary Summit posted on its X page on Monday. The bloc, chaired by Nigerian president Bola Tinubu, […]