Bismarck Rewane, chief executive officer of Financial Derivatives, says Nigeria’s economy is expected to experience growth in the first quarter of 2024. Rewane, who was a guest on Arise News on Saturday, said Nigerians will have to endure “more pain” before next year. “The bad news is that there is pain and they will be […]
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Transnational Corporation Plc (NGX: TRANSCORP), Nigeria’s largest diversified conglomerate, with investments in Power,Hospitality, and Oil & Gas, held its Investors and Analysts Conference Call on Thursday, April 20, 2023. The call discussed Transcorp’s Full Year 2022 and Q1 2023 financial results and provided an outlook for the rest of the year. Joseph Adegunwa, the Group’s […]
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By Chijioke Okoronkwo Vice President Yemi Osinbajo says no fewer than six startups owned by young Nigerians have grown from scratch to billion dollar businesses in recent years. Osinbajo was the Special Guest of Honour at the Graduation Ceremony of Senior Executive Course 43, 2021 of the National Institute for Policy and Strategic Studies (NIPSS), […]
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According to data released by National Bureau of Statistics, Nigeria’s gross domestic product grew by 2.27% in 2019. Recall that the International Monetary Fund (IMF) had projected that the nation’s economy would grow by 2.1% in 2019. Nigerian Gross Domestic Product report released by the bureau on Monday, indicated that the economy grew by 2.55% […]
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The International Monetary Fund (IMF) has said Nigeria’s economy will expand a little faster than its earlier projection. In the World Economic Outlook report released on Tuesday at the ongoing spring meetings of the IMF and World Bank Group, the fund said Nigeria’s economy will grow by 2.1% in 2019, an increase of 0.1% points […]
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Nigeria’s foreign reserve is on the rise again. This is coming after the nation lost a record $2.1 billion in 30 days, Statistics from the Central Bank of Nigeria, showed that Nigeria’s reserve surged by over $230 million between November 23 and 26, 2018. As at Monday, November 26, the reserves stood at $41,829,552,421 — […]
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Nigeria’s High Commissioner to India, Maj.-Gen. Chris Eze (Rtd), has urged India to take advantage of the economic reforms embarked upon by the President Muhammadu Buhari administration to strengthen its businesses in the country. Eze made the call at an event in New Delhi to mark the 58 Independence Anniversary of Nigeria and 60th anniversary […]
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…Recommends N0.85 Total Final Dividend for the Year United Bank for Africa Plc (UBA) has announced its audited results for the financial year ended December 31, 2017, showing significant growth in the contribution and market share from its pan-African subsidiaries, among other positive trends in the financial performance. The pan-African financial institution’s audited results showed […]
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China’s economy exceeded its annual growth target in 2017, overcoming the government’s battles against massive debt and pollution-spewing factories. AFP reported that the world’s second largest economy expanded 6.8 per cent in 2017, much better than the official target of around 6.5 per cent. According to the poll of 11 financial experts, the growth is […]
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The International Monetary Fund (IMF) has projected a 2.1 percent growth for Nigeria. This is after saying the economy of Nigeria is still vulnerable in spite of the country exiting recession. In a statement by Raphael Ranspach, the organisation’s media and press officer, IMF welcomed the federal government’s actions to improve the power sector and […]
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