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WEF to Hold TradeTech Forum at Ministerial Conference The World Economic Forum (WEF) will convene 300 ministers, business leaders, trade leaders and experts, as well as civil society, to examine the use of cutting-edge technologies in trade. The TradeTech Forum 2024 is the first-of-its-kind dedicated gathering on technologies for trade and will take place in […]

Wema Bank Backed Juli Plc Keeps Uptrend Without so many people noticing, Ticker: Juli has been making an uptrend and what caught stock analysts’ attention is that the supposed cheap stock is getting expensive already. Food/Drug retailer Juli Plc has been capping gain of about 10%, up from N1.22 to N2.13. In the last seven […]

Nigeria’s Economic Growth Slows to 2.74% Nigeria’s gross domestic product (GDP) growth slowed down to 2.74% in 2023, according to data released by the statistics office on Thursday. In 2022, the economy had expanded by 3.10%. However, details released by the National Bureau of Statistics (NBS) showed that Nigeria’s Gross Domestic Product grew by 3.46% […]Read More

Equities Investors Lose N165bn to Bears Show on NGX The size of the Nigerian stock market was reduced by more than N165 billion due to a negative twist in investors’ mood. Bears and bulls have been sharing days on equal footing as investors continue to look for healthy investment options across the markets. Reversing the […]

AfDB Commits $80m to Ekiti Knowledge Zone Project In the heart of Nigeria’s Ekiti State, a ground-breaking initiative is taking shape – the Ekiti Knowledge Zone (EKZ), a bold step to transform the region into a hub for digital innovation and knowledge economy. The African Development Bank has committed $80 million in loan financing for […]

Dangote Sugar Opens N50bn Commercial Paper for Subscription To boost working capital, Dangote Sugar Refinery Plc has opened N50 billion debut series 1 commercial paper offering to investors in the local debt capital market. The amount offered to investors in its latest debut is part of its ₦150 billion Commercial Paper Issuance Programme, according to […]

Petrol Price Stood at N668.30 in January – NBS National Bureau of Statistics (NBS) says the average retail price of a litre of petrol increased from N257.12 in January 2023 to N668.30 in January 2024. The bureau stated this in its Petrol Price Watch for January 2024, released in Abuja on Thursday. It said that […]

Yuan Strengthens 7.1018 Against Dollar The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 12 pips to 7.1018 against the dollar on Thursday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the […]

The Nigeria Police has arrested the officers attached to the Special Tactical Squad in Abuja and their accomplices responsible for the extortion of a member of the public of the sum of N30,300,000. In a statement Friday by the Force Spokesman, ACP Olumuyiwa Adejobi, the arrest of the officers followed the recent notice brought to […]

Air Peace airlines has disclosed that when it commences its London route, there would be special student fares which will be affordable for students traveling to study. Chairman of Air Peace, Allen Onyema, disclosed this yesterday during the Airline’s travel agents forum for the London launch in Lagos. Onyema who called on travel agents to […]

*N110m, $8,368 Recovered Operatives of the Enugu Zonal Command of the Economic and Financial Crimes Commission (EFCC), the Police and Nigeria Customs Service (NCS) have arrested 115 suspected currency racketeers in the state. The suspects, comprising 113 males and two females, were apprehended on Wednesday, February 21, during a sting operation at Owerri Road in […]

Ogun State Governor, Dapo Abiodun, has declared that the United States (US) dollar will crash under the naira in less than a month. Abiodun stated this at a stakeholder meeting held at the Cultural Center, Kuto Abeokuta, following the growing economic hardship in the country. He explained that the assurance is based on an emergency […]