Economy

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Qatar Bracing to Pump $5 Billion into Nigeria’s Economy, Onyeama Says

By Akanimo Sampson Nigeria’s ailing economy is set to receive an investment boost of $5 billion from the oil-rich state of Qatar. Foreign Affairs Minister, Godfrey...

Customs Service in Tin Can Island Port Nets N122.7 Billion in 3 Months

By Akanimo Sampson Tin Can Island Port Command of the Nigeria Customs Service (NSC) says it recorded revenue of N122.695 billion within the first quarter...

Printing Money To Augment Allocation Poses Threats To Nigeria’s Future —Experts

•Could disrupt macro-economic stability, cause hyper-inflation, increase poverty, reduce value of bonds. Economic and financial experts have described printing bank notes to augment money to...

How much money does Nigeria owe China?

Nigeria and China mark their golden jubilee of official relations in 2021, having established diplomatic ties in 1971. As trade and investment have grown, so has lending, leading...

TUHF & Standard Bank launch SA’s first social bond listed on the JSE

Trust for Urban Housing Financing (TUHF Ltd.), with the assistance of Standard Bank, have launched South Africa’s first social bond listed on the JSE...

UAE: Despite COVID-19 Pandemic, Our Tourism Sector was Outstanding in 2020, Economy Ministry Says

By Akanimo Sampson The tourism sector of United Arab Emirate (UAE) performed outstandingly in 2020 despite the impact of the COVID-19 pandemic, Ministry of Economy...

Obaseki: How lack of funds forced FG to print N60bn for states to share

Governor Godwin Obaseki of Edo State has said Nigeria is in a huge financial trouble. Speaking at a programme in the state on Thursday,... Governor...

Lessons for Nigerian banks from JP Morgan Chase & Co

Like most industries, banks did not have a COVID-19 playbook to open up when the pandemic broke out last year. But despite the tough...

Global Investment Firm, KKR, Closes $15 Billion Equity Deals

By Akanimo Sampson Leading global investment firm, KKR, has closed its KKR Asian Fund IV, a $15 billion fund focused on investments in private equity transactions across...

DLM Capital Acquires Links MFB, Explores Fintech Opportunities

DLM Capital Group, an investment bank, has acquired Links Microfinance Bank as part of plans to expand into the country’s fintech sector. The Corporate Communications...
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