Forex inflow rises 36.5% to $33.76bn in five months
By Elizabeth Adegbesan Nigeria’s net foreign exchange (forex) inflow rose by 36.5 percent year-on-year (YoY) to $33.76 billion in the first five months of 2026 (5M’26), from $24.72 billion in the corresponding period of 2025 (5M’25). The increase came amid ongoing efforts by the Central Bank of Nigeria (CBN) to deepen the foreign exchange market, […]
Global economic meltdown: Issues that would reposition the Nigerian capital market— Idika Kalu
Dr. Kalu Idika Kalu, Chairman, BGL Group and Former Honourable Minister of Finance, in this piece stated the causes and effects of the current global economic meltdown that started in the US in the middle of 2007 and through 2008 and has continued unabated and spread to Europe and other parts of the world which Nigeria is not in exception.
Controversy over who controls STEP foundation
United Nations World Tourism Organization affiliated offices (Osaka and Korea) were recently audited with regards to the various programs that are using the UNTWO logo.
Bears tighten grips, as share value dips by N224bn
The bearish trend recorded in the Nigerian capital market, in the last couple of days, continue to attain a worsening dimension, as the value of listed equities, driven by losses on the share prices of majority of quoted companies, dipped Wednesday, by N224.23 billion.
Union DICON Salt to sell 51 percent stake to core investor
Union DICON Salt Plc, is to sell 51 per cent of its shareholding to a prospective core investor.This was disclosed by the Chairman of the company and former Minister of Defence, Lt Gen. Theophilus Danjuma. Danjuma who spoke at an extra- Ordinary General Meeting of the company at Command Guest House, Kaduna lamented the sorry state of affairs in Union DICON which he attributed to mismanagement by the former foreign technical partners.
OECD says recession ‘near bottom’
The Organisation for Economic Cooperation and Development says the world economy is near the bottom of the worst recession in post-war history. The body that represents the 30 most industrialised nations said that those economies would shrink 4.1 per cent this year. But it adds that recovery is likely to be “weak and fragile†for some time.
