The Federal Reserve's main goal is to keep inflation under control while preventing a recession. It accomplishes this through monetary policy. The Fed must use contractionary monetary policy to impede...
“Assessing creditworthiness without a formal history is a major problem in financial services in Africa while social demographic data isn’t sufficient to make good credit decisions,” notes Eun...
The Nigerian Customs Service has officially released a circular announcing the reduction of import duties on both used and new vehicles. In a statement by Timi Bomodi, Customs National Spokes...
The Russian-Ukraine crisis has caused inflation of diesel costs which had impacted heavily and negatively on the manufacturing sector of Nigeria pushing the second quarter of Nigerian inflation ar...
The Central Bank of Nigeria has fined three Nigerian commercial banks a sum of N800 million for failing to adjust to regulations forbidding consumers from transacting in cryptocurrencies. Accor...
On Tuesday 5th April 2022, the exchange rate between the naira and the US dollar closed at N416.83/$1 at the official Investors and Exporters (I&E) window. Naira diminished in value against...
International Breweries Plc has released its Audited Financial Statement for the fiscal year 2021, which shows a loss after tax of N17.66 billion, up from N16.06 billion in the previous year. Meanwh...
The Eko Electricity Distribution Company aspires to be Africa's leading and most customer-focused power utility, as well as the preferred choice of all stakeholders. This company's singular objecti...
MTN is one of Nigeria's most successful telecommunications firms. It is a South African firm with operations in a number of African nations. One of the countries where the network operates is Niger...
The NGX closed on a negative note amidst sell-offs and buy-interest as the benchmark All-Share Index (ASI) depreciated as the benchmark All-Share Index (ASI) depreciated by 11 basis points. T...