Nigeria-UAE trade surges 66.7% to $5bn in 1 year
By Yinka Kolawole Bilateral trade between Nigeria and the United Arab Emirates (UAE) rose by 66.7 percent to about $5 billion in 2025 from $3 billion in 2024, highlighting growing economic ties between both countries as they move towards formalising a Comprehensive Economic Partnership Agreement (CEPA). The development was disclosed when the UAE Ambassador to […]
Nigerian scholar predicts emerging dominance of some banks
THIS may be one of the finest hours for Nigerian scholarship in the financial sector as Dr. Jimanze Ego-Alowes heads the Brace Institute, a think tank, inventing a new working taxonomy for markets and economics. They are the brace and constitutive sector classifications. The idea was developed in his work, “Minorities as Competitive Overlords.” The book is now taken as classic of economic and developmental thought.
Improved Ease of Doing Business will accelerate FDI inflow —Stanbic IBTC
STANBIC IBTC Bank has said that Nigeria’s improved ‘Ease of Doing Business’ ranking will increase foreign direct investment, FDI, in the country.
Nigeria’s external reserves to hit 3yr high of $35bn
THE nation’s external reserve will this month hit $35 billion, the highest in three years.The last time the nation had $35 billion external reserve was end of November 2014, when it dropped to $35.24 billion from $36.25 billion at end of October 2014.
Low penetration stunts capacity growth, as underwriters reinsure more for stability
AS low insurance penetration continues to plague the country, depriving underwriters adequate pool of funds to improve on capacity to cover in-country high ticket risks, Nigerian insurers are now reinsuring more for adequate reinsurance backings.
Nigeria not an oil economy – Adeosun
Nigeria is not an oil economy, the Minister of Finance, Mrs. Kemi Adeosun, has said.
