Nigeria needs a minimum of $50 billion in foreign direct investment (FDI) to curb inflation to 5% by 2025, according to Ayo Teriba, a renowned economist and CEO of Economic Associates, Lagos. In an interview on Arise TV, Teriba emphasized that increasing the nation’s net reserves would be essential for stabilizing the economy and moderating […]
The Nigerian Senate has introduced a bill to prohibit the use of foreign currencies, such as the US dollar, for payments and transactions within the country. Sponsored by Senator Ned Nwoko of Delta North, the bill, titled “A Bill for an Act to Amend the Central Bank of Nigeria Act, 2007, to Prohibit the Use […]
Nigeria is a land of untapped opportunities, brimming with natural resources, talent, and potential. Despite being Africa’s largest economy, the country remains heavily reliant on international loans, even as significant domestic wealth lies dormant. This brings us to a pivotal question: Can Nigeria’s internal resources and wealth become the foundation for a more sustainable economic […]
The Nigerian government has praised Moniepoint Inc, Africa’s fastest-growing financial institution, for its significant contributions to financial technology and its commitment to advancing financial inclusion. The commendation came from Vice President Kashim Shettima during a courtesy visit by Moniepoint’s leadership team, led by CEO Tosin Eniolorunda, at the Presidential Villa. Shettima expressed appreciation for Moniepoint’s […]
The Ekiti State Government has completed a significant milestone in its efforts to develop the Ekiti State Agro-Allied Cargo Airport, as it has disbursed N300 million to compensate 377 landowners whose properties were affected by the land acquisition process. During the cheque disbursement ceremony in Ado Ekiti, Governor Biodun Oyebanji, represented by Deputy Governor Chief […]