Oil Communities, Firms Partnership Target $5bn Investment Fund   The Host Communities of Nigeria Producing Oil and Gas had said it is targeting a $5bn fund in partnership with the private sector to kick-start investment drive and development in the oil-producing...

Cash Crunch: Lafarge, Bua Foods Lament Impact on Q1 Results   At least two manufacturers in the Nigerian economy, Lafarge Africa Plc and Bua Foods Plc have highlighted the cash crunch and the 2023 general elections as challenges that they faced...

Report Reveals Private Sector Rebounded After March Cash Crunch There were signs of recovery in the Nigerian private sector in April as the cash crisis eased, according to a report by Stanbic IBTC Bank of Nigeria. The report on its Purchasing...

IMF Cautions As eNaira Transactions Hit N1.4m   The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, has cautioned about the unforeseeable “consequences” that could be brought about by the retail central bank digital currencies. Georgieva expressed her concern about...

Debt: FG Disconnects Discos From National Grid   Millions of electricity consumers may be plunged into darkness in the coming weeks as the Federal Government via the Transmission Company of Nigeria and the Market Operator have begun a massive disconnection of...

Forex: Turnover In I&E Declines By 46% To $1.4bn   The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market fell by 46 per cent, month-on-month (MoM) to $1.4 billion in April 2023...