Tony Elumelu, a renowned Nigerian businessman and philanthropist, has emphasized that addressing the country’s crippling electricity challenges is crucial to achieving a $1 trillion economy. As the chairman of Heirs Holdings and the Tony Elumelu [Read More!]
Nigeria’s economic forecast just hit a major speed bump. The country’s premium crude—Bonny Light—took a sharp dive, dropping by 5.09% to $59.62 per barrel, sparking fresh concerns about the government’s ability to meet its ambitious [Read More!]
Nigeria’s ambition to reach a $1 trillion economy hinges on one critical factor: solving the nation’s electricity crisis, according to Tony Elumelu, Chairman of Transcorp Group. Speaking at the company’s Annual General Meeting in Abuja, [Read More!]
The Central Bank of Nigeria (CBN) has reported a significant economic milestone for 2024, with a Balance of Payments (BOP) surplus of $6.83 billion, a sharp contrast to the deficits of $3.34 billion in 2023 [Read More!]
Credit Direct, a leading Nigerian financial services company, has officially transformed from a traditional lender to a cutting-edge digital finance powerhouse. At a groundbreaking product demo event held on March 29 in Lagos, the company [Read More!]
Nigeria’s economic troubles didn’t just fall from the sky — they were made at home. That was the bold message from Dr. Yemi Kale, Group Chief Economist and MD at African Export-Import Bank, during his [Read More!]
In a major development for Nigeria’s oil and energy sector, the Federal Executive Council (FEC) has officially directed the full implementation of the Naira-for-Crude agreement with local refiners. This move comes as part of the [Read More!]
In a bid to boost the economy of Abia State, Governor Dr. Alex Otti has expressed his administration’s interest in forming partnerships with various manufacturers and investors. The governor’s vision is not just about attracting [Read More!]
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