MTN Nigeria Plans N50 Billion Commercial Paper Issuance to Enhance Financial Flexibility
MTN Nigeria Communications PLC has announced its intention to raise N50 billion through the issuance of commercial paper (CP) under ...
Tag: Economy news
Nigeria’s Staple Crop Production Faces 13% Decline Due to Fertilizer Costs and Climate Challenges
The average production rate of paddy rice, maize, and soybean in Nigeria is set to decline by a combined average ...
Africa Poised to Lead in Global Battery Supply Chain, Says Landmark UK Report
UK Foreign Secretary David Lammy MP launched a landmark report in Lagos, spotlighting Africa's pivotal role in the global battery ...
Nigerian Economy Positioned for Investment Growth, Says Finance Minister Edun
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, announced that recent economic reforms have placed ...
Rising Poverty in Nigeria as Stagnant Incomes Pushes 14 Million More Nigerians into Hardship
A new World Bank report reveals a bleak economic reality for Nigeria, with 14 million more Nigerians pushed into poverty ...
African Private Capital Sees Sharp Slowdown as Investors Pivot to Smaller Deals Amid Economic Fluctuations
The African private capital industry has seen a notable decline in deal activity for a second consecutive year, as reported ...
Nigeria Faces Looming Hunger Crisis as 30 Million Expected to Experience Food Shortages
Nigeria is heading toward a severe hunger crisis, with a staggering projection that more than 30 million people will face ...
Nigeria Launches Voluntary Currency Disclosure Scheme to Strengthen Financial Transparency
The Federal Government of Nigeria has introduced a nine-month Voluntary Currency Disclosure, Depositing, Repatriation, and Investment Scheme, known as the ...
Nigerian Banks Face Legacy Challenges Amid Looming Recapitalization Deadline
Moody's Ratings has highlighted that Nigerian deposit money banks are grappling with significant legacy exposures stemming from the Central Bank ...
Nigeria Loses $500 Million Annually Due to Delays in Cargo Tracking Implementation
The Nigeria Shippers Council (NSC) has revealed that the country loses $500 million each year due to significant delays in ...
