News Express
2021-02-22 03:54:23.0
Nigeria Records World’s Best GDP Growth Ahead of US, China, Japan
Nigeria's Economy showed resilience in the fourth quarter of 2020, beating the expectations of several economic analysts, including projections by the World Bank and the International Monetary Fund by posting a historical 9.7 per cent quarter on quarter growth in its gross domestic product in 8 years to N19.55 trillion in real terms. The argument still holds but it could now be that the credit interventions of the Central
2021-02-16 03:34:00.0
Nigeria’s Lost Global Agriculture Export Earnings at 242 billion dollars
Nigeria, ranked Africa's Largest economy, possesses one of the world’s largest varieties of agricultural commodities from which it could earn over $242 billion in the global export market, a viable channel capable of efficiently bolstering the country’s revenue generation; but the country is woefully failing to effectively tap into this revenue source because of a largely uncoordinated and nonstrategic export earning approach to its agriculture management.
2021-02-15 02:36:06.0
Central Bank of Nigeria Joins Sceptical Central Bankers against Cryptocurrency
The Central bank of Nigeria has decided to go hawkish in the controversial global disagreement between some central bankers and market participants over what status to confer on digital currency trading and exchanges. On Friday, it joined forces with a swathe of these central bankers who have remained
2021-02-01 03:24:11.0
Nigerian Banks Dominate In Africa’s Top 100 Banks Rankings
Zenith Bank’s ranks top performer with Tier-1 capital up 18% to $2bn while south Africa, Egypt, Morocco, Algeria lead the continent’s top 10 banks Nigerian banks have dominated the west and central African regional Rankings in the 2020 survey of Africa’s top 100 lenders conducted by African Business, with the overall result showing just a few surprises.
2021-02-01 03:24:11.0
Nigerian Banks Dominate West, Central Region In Africa’s Top 100 Banks Rankings
Zenith Bank’s ranks top performer with Tier-1 capital up 18% to $2bn while south Africa, Egypt, Morocco, Algeria lead continent’s top 10 banksNigerian banks have dominated the west and central African regional Rankings in the 2020 survey of Africa’s top 100 lenders conducted by African Business, with the overall result showing just a few surprises.Data captured mostly full financial result as at December 2019 as all eyes now turn the final results of the African banfor December 2020 year-end.One hundred and six (106) years since embryonic Nigeria began to form into theopaque state that it has become today the country’s extraordinarily conservative, ancient thinking, middle way thinkers, and even some with a modicum of progressive economic minds, have failed to see and understand the need to wake up billions of dead capital held by governments – local, state and federal – in the form of assets, by listing them at least on the domestic stock
2021-02-01 03:24:11.0
Nigerian Banks Dominate In Africa’s Top 100 Banks Rankings
Zenith Bank’s ranks top performer with Tier-1 capital up 18% to $2bn while south Africa, Egypt, Morocco, Algeria lead the continent’s top 10 banks Nigerian banks have dominated the west and central African regional Rankings in the 2020 survey of Africa’s top 100 lenders conducted by African Business, with the overall result showing just a few surprises.
2021-01-29 03:21:35.0
Business Review For the Week by Business a.m
We take a look at the business overview for the week starting from the MPC meeting, the International Monetary Fund prediction of the sub-Saharan Africa’s policymakers facing a difficult road to economic recovery.
2021-01-29 03:21:35.0
Business Review For the Week by Business a.m
We take a look at the business overview for the week starting from the MPC meeting, the International Monetary Fund prediction of the sub-Saharan Africa’s policymakers facing a difficult road to economic recovery.
2021-01-29 03:21:35.0
Business Review For the Week by Business a.m
We take a look at the business overview for the week starting from the MPC meeting, the International Monetary Fund prediction of the sub-Saharan Africa’s policymakers facing a difficult road to economic recovery.
2021-01-25 03:56:22.0
Africa Loses $60bn In Illicit Capital Flows in Tax Avoidance by Multinationals
The president of the African Development Bank, Akinwumi Adesina, has stated that profit shifting, base erosion and tax avoidance by multinational corporations form a huge part of Africa’s missing taxes and they account for a large share of the over $60 billion in illicit capital flows that Africa loses annually. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will hold its first meeting for 2021 on Monday and Tuesday, during which it is expected to assess its existing guiding principles in line with recent developments in the international space and their implications for the domestic economy.
