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Economics at businessday.ng

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11

Here are analysts’ views on bank earnings for H2

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With the banking sector faced with recapitalisation in an elevated interest rate environment, analysts expect banks’ earnings to be positively

10

Nigeria must set transition agenda, draw up policies to achieve renewable energy – University Don

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Omowumi Iledare, a professor of Petroleum Economics at LSU Centre for Energy Studies, USA, has said that to attain renewable

08

Inflation pace seen luring investors to longer-dated bonds

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Investors are seen locking their money into longer-dated bonds rather than short-term, high-yielding securities, due to the expected slow pace

President Tinubu’s food importation policy should be applauded

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According to the National Bureau of Statistics, the food inflation rate for June was 40.87 percent on a year-on-year basis

07

Naira under pressure as MPC convenes for a likely rate hike

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As inflation continues to race high, analysts forecast a further but mild rate hike at the monetary policy committee meeting

Nigeria’s biggest single local investment faces age-old threats

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… Dangote insists its diesel is best in Nigeria … Looks to Libya, Angola, others for crude oil Nigeria’s oil

03

Nigeria’s long battle against inflation continues as prices defy interventions

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Nigeria’s annual inflation has remained elevated despite varying reforms by the central bank to ease the now 28-year high consumer

01

Four revelations from House of Reps members’ visit to Dangote Refinery

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Olakunle Alake, vice president of Dangote Industries Limited, addressed members of the House of Representatives on Saturday, after the lawmakers

Sunday, Jul 21

22

Enugu, diasporan investors seal $300m Africa medical city deal

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The Government of Enugu State and a group of Nigerians in the diaspora have sealed a deal to build an

Delta tackling poverty through health insurance scheme – DG Akpoveta

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…Says, ‘Our insurance premium not increased despite inflation’ Delta State government has disclosed that one of the major ways it

21

Dangote blames NNPC’s forward oil sales for refinery’s lack of crude

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Nigeria’s Dangote Refinery is pointing the finger at the Nigeria National Oil Company (NNPC) Ltd forward crude oil sales for

Biden’s statement in full as US President quits 2024 election race

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Joe Biden has dramatically withdrawn from the 2024 US presidential race. Here is his statement in full: My Fellow Americans,

18

Oyo to provide health insurance for 10,000 basic school pupils from September

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The Oyo State Health Insurance Agency (OYSHIA) is to provide health insurance coverage for 10,000 basic school pupils in the

17

134% increase in minimum wage set to face hurdles in states

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…As NLC threatens showdown over plans to remove wage from Exclusive list After over six months of back-and-forth negotiations between

Analysts expect interest rate hike as MPC meets on Monday

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The Monetary Policy Committee (MPC) will commence its fourth meeting of the year on Monday, with expectations of a further

14

Dangote suspends investment plans in Nigeria’s steel sector on monopoly allegations

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Aliko Dangote, president of Dangote Group, says it will no longer invest in Nigeria’s steel sector to avoid being labelled

Nigeria risks losing $20bn in cocoa exports in three years – FRC

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Rabiu Olowo, executive secretary and chief financial officer, Financial Reporting Council of Nigeria (FRC), has said that Nigeria was at

13

UPDATED: Top 10 African countries facing the biggest IMF debts

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African countries are struggling with significant International Monetary Fund (IMF) debt burdens, reflecting high Total IMF Credit Outstanding. The IMF,

12

NNPC releases limited information about its operations- former GMDs

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The Nigerian National Petroleum Company (NNPC) is facing heat over its information-sharing practices as former group managing directors have said

UPDATED: Top 10 African countries with low IMF Debt

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The International Monetary Fund (IMF) plays a crucial role in providing financial assistance to countries facing economic challenges. A key

Dangote shelves steel investment plans amidst monopoly concerns

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Nigerian business mogul Aliko Dangote has announced the sudden halt of plans to invest in a new steel plant, citing

Saturday, Jul 20

23

Dormant account owners to receive interests on deposits invested in T-bills – CBN

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The Central Bank of Nigeria (CBN) will invest dormant account deposits in treasury bills, bonds and other securities, and owners

18

US election: Democrats mount pressure on Biden to drop presidential bid

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More pressure mounts on President Joe Biden of the United States (US) to drop out of the presidential race. On

12

FG Fines meta $220m for privacy violations, market abuse

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Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has been fined $220 million by the Federal Government

11

CBN injects $106.5m into forex market amid demand surge

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…Summer holiday drives demand surge as CBN injects $106.5m The Central Bank of Nigeria (CBN) on Friday said it sold

10

Global tech outage: Nigerian passengers stranded as foreign airlines cancel, delay flights

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Passengers travelling from Nigeria to other parts of the world on Friday were stranded as several foreign airlines delayed and

FG cuts housing deficit with single-digit mortgage for NDDC staff

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The Federal Mortgage Bank of Nigeria has begun move to reduce housing deficit in the Country, especially for the staff

Top 10 most improving places to do business and why

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As the global business landscape continually evolves, several countries have made significant strides in improving their business environments. These improvements

09

Living Trust Mortgage Bank records 35% revenue increase

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…66% profitability increase in Q2 Living Trust Mortgage Bank Plc has posted impressive performance for the period ended June 30,

Firm pledges commitment to partnership, celebrates 5 years anniversary

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CandourCrest Financial Services Limited, firm providing finance to small and medium businesses has restated it’s commitment to partnerships to its