PARIS OLYMPIC GAMES
Business
WTO’s Okonjo-Iweala Calls on Africa to Boost Intra-Regional Trade Amid US Tariffs
Faced with broad tariffs declared by the United States on African goods, the WTO Director-General in Washington on Friday underscored the urgent need...
US Dollar Climbs to N1,605 as Naira Weakens
The Nigerian naira has continued its depreciation against the US dollar at the official foreign exchange market, closing at N1,605/$1 on Thursday. Persecondnews...
Just in: Inflation rises to 24.23% in March 2025
Nigeria’s headline inflation rate has increased to 24.23% in March 2025, up from 23.18% in February, reflecting mounting pressure on household incomes and...
Transcorp’s Market Value Surges to N4.5trn – Tony Elumelu
Transcorp Group, a leading conglomerate in Nigeria, says its listed entities now have a market value of N4.5 trillion (USD 3 billion). This...
Nigeria Achieves $6.83bln Balance of Payments Surplus in 2024
Nigeria’s economy has seen a significant turnaround, with the Central Bank of Nigeria (CBN) announcing a Balance of Payments (BOP) surplus of $6.83...
Tony Elumelu Named to IMF’s Advisory Council on Entrepreneurship, Growth
Founder and Group Chair of Heirs Holdings, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to its Advisory...
2024 financials: UBA gross earnings grow from N2.08trn in 2023 to N3.19trn, grows profit to N804bln
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended on December 31,...
Access Bank to Honour Power of 100 Awardees at International Women’s Day Conference
Access Bank, a leading financial institution committed to fostering gender equality and women’s empowerment, is proud to announce that it will be honouring...
Air Peace Unveils Unbeatable Offer: N600,000 Discount on London-Lagos Airfare
Air Peace has unveiled an exciting offer for travelers connecting from various Nigerian cities to London. For a limited time, passengers can enjoy...
Tony Elumelu Foundation to Unveil 2025 Class of Emerging Entrepreneurs for TEF Programme
…Tony Elumelu Entrepreneurs have collectively created 1.5 million jobs and generated $4.2 billion in revenue The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy...
CBN Raises Alarm Over Illicit Naira Transactions, Urges Strict Measures
The Central Bank of Nigeria (CBN) has expressed concerns over the growing trend of illicit transactions involving banknotes, warning that this practice threatens...
Naira Depreciates to ₦1,585/$ in Parallel Market, ₦1,546/$ in Official Market
The Nigerian currency, the Naira, has continued its downward trend, depreciating further at both the parallel and official markets. According to data published...
Lagos State Solidifies Position as Africa’s Economic Powerhouse with $259bln GDP
Lagos State has reaffirmed its status as one of Africa’s leading economic hubs, boasting a staggering Gross Domestic Product (GDP) of $259 billion...
Nigeria’s First Lady Commends Economic Team as Country Prepares to Host AFREXIMBANK Annual Meeting
Nigeria’s First Lady, Sen. Oluremi Tinubu, has praised the Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, and his...
Transcorp Group Achieves Remarkable Growth in 2024, Posts 107% Revenue Surge, 132% Profit-Before-Tax Increase
Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading listed conglomerate has announced its financial results for the year ended December 31, 2024....
Naira Weakens to N1,550 Against Dollar Amid Increased Demand
The Nigerian naira has taken a hit, weakening to N1,550 against the American dollar in the black market. The decline comes amid increased...
