By Alister Bull/Bloomberg Central Bank of Nigeria Governor Olayemi Cardoso said the naira’s recent sharp rise is a positive verdict on policy action to curb inflation, not because the authorities have been intervening in its support. “It is not our intention to defend the naira,” he said onContinue Reading
By Danladi Ahmed Abuja Flowerbudnews): The Independent Media and Policy Initiative IMPI has said that there are enough proof to support the Federal government’s choice of HiTECH to construct the Lagos-Calabar coastal highway. In a statement signed by its Chairman Niyi Akinsiju, the think tank group said its study ofContinue Reading
By Bayo Onanuga (Special Adviser, Information and Strategy to President Tinubu) Flowerbudnews: President Bola Tinubu on Tuesday launched the National Single Window initiative, a transformative project that will propel the nation’s economy to new heights. The initiative will modernise the way trade is conducted in the country. The PresidencyContinue Reading
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Xinhua WASHINGTON, (Xinhua) /Flowerbudnews: — The International Monetary Fund (IMF) on Tuesday upgraded its forecast of global growth in 2024 to 3.2 percent, This is 0.1 percentage points higher than its projection in January, according to its newly released World Economic Outlook.Continue Reading
By Flowerbudnews The Nigerian Postal Service (NIPOST) has commended private courier/logistic companies in Enugu State for the substantial 70 per cent compliance to courier/logistic registration and licensing in the state. The State Postal Manager of NIPOST, Enugu, Mr Friday Akoma, gave the commendation while speaking with newsmen onContinue Reading
* Thirty-one years on, the Chinese “hometown of German enterprises” has growingly been the epitome of the economic and trade cooperation between China and Germany, witnessing a more open Chinese market sharing development dividends with the world. * A report from the German Economic Institute shows that the totalContinue Reading
Commends Tinubu’s ACE team lFowerbudnews Nigeria’s naira is poised to extend its gains, having already established itself as the top performer globally this month, according to a Goldman Sachs Group Inc. economist, contingent on continuing effective policy management. In April alone, the naira surged 12% against the dollar,Continue Reading
Washington, April 12, 2024 – The International Monetary Fund (IMF) says financial institutions lost a total of $12 billion to cyberattacks in the last 20 years. According to its April 2024 Global Financial Stability Report just released, $2.5 billion out of the amount was lost between 2020 and 2024, Continue Reading
