Banks in defining moment as eNaira kicks off today







Nigeria makes history today as it becomes the first African country to digitise its currency, an exercise the Central Bank of Nigeria (CBN) has described...

World Bank blacklists 18 Nigerian firms, individuals for corruption –Report







The World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in its 2021 fiscal year 2021, a new report…







FG Decries Low Investments in Renewable Energy, Says Gas Transition May Require Costly Policy Decisions







The federal government has expressed worry over what it described as inadequate investments in renewable energy to support the country’s intended accelerated transition from fossil fuels, which currently satisfy 83 per cent of primary demand…









Nigeria’s investment rate of return still negative but shrinking









The real rate of return on Nigerian assets has been negative for years, and even though it is now narrowing, it is not happening fast enough for some investors. While the investment return on Nigeria’s one-year treasury bill was 7.35 percent in the month of September, inflation rate was 16.63 percent. That leaves Nigeria’s real rate of return, which is the difference between the expected return on investment of an asset and rate of inflation, at -9.28 percent...