Economy

Africa’s global bank, United Bank for Africa (UBA) Plc has collaborated with Google and ISP partner to launch Google Station in 11 key UBA branches in Lagos State as part of plans to roll out 200 stations in the country. Google Station, a platform for providing free, high-speed Wi-Fi hotspots...

The volume of shares traded on the Nigerian Stock Exchange (NSE) in January dropped by 42.38 per cent due to uncertainties surrounding the forthcoming general elections, said analysts. Specifically, 6.24 billion shares worth N59. 28 billion were exchanged in 80,888 deals by investors in January. The News Agency of Nigeria...

The pressure on the foreign exchange (FX) market eased, on Tuesday, as naira steadied against the United States dollar in the parallel market. According to Aboki FX, the naira sells for N1,160 on Monday and Tuesday respectively. Also, the volume of United States dollars turnover in the Nigerian Foreign Exchange Market...

Despite volatility in the Nigeria’s foreign exchange market, Nigeria recorded a daily foreign exchange turnover of $100.06million in the Nigerian Foreign Exchange Market (NAFEM). The daily forex turnover rose by 32 percent from $75.82million, on Friday, November, 24, 2023 to $100.06million on Monday, November, 27, 2023. According to the data from...

The naira, on Monday, continued its appreciation against the dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official exchange rate window, as it closes at N750.14/$1. The rate represents a recovery of N41.61k from the N791.75 recorded last Friday. According to Data from FMDQ Securities Exchange, a platform...

There was relief among manufacturers and importers as the naira gained N49.39 (5.24 per cent) Friday to close at N791.75/$ (down from N841.14 on Thursday) at the official market. The gain, captured in the data from the Nigerian Autonomous Foreign Exchange (NAFEX) – the country’s official exchange rate window –...

American president of the World Bank, Jim Yong Kim stands unopposed for a second term, with an  invaluable endorsement by the US Treasury Department. In keeping with an unbroken tradition, the US nominee will again fill the presidency at the World Bank, while the International Monetary Fund remains in European...

Bola Ahmed Tinubu is an ugly and repugnant little creature who lives in and presides over the affairs of Lagos state. He comes from a long line of slave-dealers even though he is of questionable parentage. He hails from a small town in Osun state called Iragbiji and many claim...

By SKC Ogbonnia The point of this matter is short and simple. Barring the desired change from the status quo, a mass revolution of global consequence is imminent in Nigeria. Commonsense dictates that the masses—home and abroad—are merely waiting for the outcome of the court cases challenging the sham election. The...

A new African free trade area could be just weeks away as the last few countries ratify an agreement signed last year. The plan to boost intra-African trade by half is gaining much attention in Davos this year.        When you ask Tony Elumelu if Africa would profit from free trade,...