Business

In 2024, the Nigerian capital market stood as a testament to remarkable resilience and adaptability, defying macroeconomic challenges and policy shifts to carve out a year of transformation. Despite the…

Senator Ned Munir Nwoko, representing Delta North senatorial district, has proposed a bill to strengthen the naira’s value. The bill seeks to prohibit the payment of salaries and transactions in…

Grimaldi Group has launched a direct shipping service from Shanghai, China, to Lagos, Nigeria. This new service eliminates transshipment and offers a fast 27-day transit time. It sets a new…

Maritime stakeholders are calling for urgent reforms to improve the industry in 2025. They stress the need for 24-hour cargo clearance, stable foreign exchange, and better infrastructure. The sector faced…

Former presidential candidate of the Social Democratic Party (SDP), Prince Adewole Adebayo, has criticized President Bola Tinubu’s economic team, labeling them as uncoordinated and suffering from economic illiteracy. In a…

AI and Machine Learning (ML) are reshaping industries. Anthony Afuye-Cyrus, an ICT expert, explained how sectors like manufacturing, agriculture, and healthcare are benefiting from these technologies. AI improves efficiency and…

The Central Bank of Nigeria (CBN) reported a 63.7% increase in remittance inflows through international money transfer operators (IMTOs) for the first nine months of 2024. Inflows rose from $2.33…

Despite the recent reduction in the price of petrol, Nigerians have expressed frustration over the failure of transporters to reduce transport fares accordingly. Even with the reduction in the ex-depot…

The National Information Technology Development Agency (NITDA) has reaffirmed the pivotal role of data in accelerating Nigeria’s transition to a sustainable digital economy. Speaking at the 2024 Digital Nigeria Innovation…

The Nigerian currency continued its downward trend, falling to ₦1,585 per dollar in the parallel market on Wednesday from ₦1,565 per dollar recorded on Tuesday. This decline marks another setback…