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  • FX Gap Spikes as USD Scarcity ‘Insults’ Naira Devaluation

    FX Gap Spikes as USD Scarcity ‘Insults’ Naira Devaluation The gap between exchange rates at the investors’ and exporters’ foreign exchange window and the parallel market has widened to more than N145. The spread continued to widen, though the naira was devalued to achieve convergence. However, the US dollar (USD) scarcity in the local economy […]
  • Equities Investors Gain N324bn as Consumer Index Rally

    Equities Investors Gain N324bn as Consumer Index Rally The Nigerian Exchange (NGX) equities segment opened the week on a positive note as the consumer goods index pushed market capitalisation upward by more than N324 billion. The market maintained last week’s positive run as bargain-hunting in BUAFOODS (+9.1%) and DANGSUGAR (+10.0%) pushed the benchmark index 0.9% […]
  • Russia, China, Iran Lead in Launching Cyberattacks

    Russia, China, Iran Lead in Launching Cyberattacks Russia, China and Iran are the top three countries that have been fingered to be involved more in cyberattacks, specifically against governments across the globe. According to the data presented by the Atlas VPN team, in the first half of 2023, there were 49 significant cyber incidents concerning […]
  • 85% of Nigerian Graduates Have No Digital Skills – Report

    85% of Nigerian Graduates Have No Digital Skills – Report More than 85 per cent of Nigeria’s graduates have no digital skills, a survey by GetBundi, an online education technology outfit, has shown. The outcome of the survey, according to Mr Osita Oparaugo, the Chief Executive Officer of the outfit, shows that more than 100 […]
  • Enugu to Unveil N1.6trn Project Pipeline at Investment Roundtable

    Enugu to Unveil N1.6trn Project Pipeline at Investment Roundtable Gov. Peter Mbah of Enugu State, will on Sept.1, unveil ₦1.6 trillion, an equivalent of $2.1 billion pipeline of 30 projects at the first Enugu State Investment and Economic Growth Stakeholder Roundtable (EGSR) The governor is also scheduled to launch the Enugu State Integrated Sector-Based Productivity […]
  • AIICO Taps ETAP to Redefine Car Insurance for Nigerians

    AIICO Taps ETAP to Redefine Car Insurance for Nigerians AIICO Insurance has partnered with ETAP, an insurance technology company, to improve automotive experience across Africa and drive increased penetration of car insurance in Nigeria. Mr Gbenga Ilori, Head of Retail Business, AIICO Insurance said this in a statement on Monday in Lagos. Ilori stated that […]
  • ICAN Establishes FirstBank Chapter

    ICAN Establishes FirstBank Chapter The Institute of Chartered Accountants of Nigeria (ICAN) has inaugurated the FirstBank chapter to strengthen goals and technical skills within the accounting field for the bank’s employees and the larger professional community. The inauguration took place at the Firstbank’s headquarters on Monday in Lagos, when the council of the institute paid […]
  • Lagdo Dam: Lagos Fully Prepared for Flooding -LASEMA

    Lagdo Dam: Lagos Fully Prepared for Flooding -LASEMA The Lagos State Emergency Management Agency (LASEMA) says it is prepared for the flood opening as  Cameroun is set to open the flood gates of Lagdo Dam on the Benue River. The LASEMA Permanent Secretary, Dr  Olufemi Oke-Osanyintolu, in a statement on Monday,  said the agency was […]
  • FG will Borrow from Anywhere now – Finance Minister

    FG will Borrow from Anywhere now – Finance Minister Federal Government has no intention to borrow from any local or foreign organisation with its removal of subsidy on petrol and exchange rate harmonisation. The Minister of Finance and Coordinating Minister for the Economy, Chief Wale Edun, revealed this at the end of the inaugural Federal […]
  • Oil Rises Ahead of Chinese Economic Data Release

    Oil Rises Ahead of Chinese Economic Data Release Crude oil prices rallied early on Monday as investors awaited the release of Chinese economic data as well as comments from US Federal Reserve (Fed) officials to obtain guidance on further interest rate increases. International benchmark Brent crude traded at $84.14 per barrel after a 0.23% rise […]