THE Securities and Exchange Commission (SEC) says listed companies on the Nigerian Exchange Ltd. (NGX) declared N1.1 trillion in dividends to shareholders in 2024. The Director-General of SEC, Dr Emomotimi Agama, disclosed this in a statement on Sunday. Agama said…
THE United States has launched a bold new strategy for Africa that puts commercial partnerships ahead of development aid, marking a sharp departure from decades of US policy on the continent. At a launch event in Abidjan, Cote d’Ivoire, senior…
Vice-President Kashim Shettima has urged the European Union (EU) and Africa to maximise their partnership for the continent’s transformative development. He made the call on Thursday during a meeting with an EU delegation led by Ambassador to Nigeria and ECOWAS,…
THE Edo Government and Dangote Cement have agreed to deepen collaboration to address operational challenges and unlock new investment opportunities during a high-level meeting at the company’s Okpella plant on Wednesday. Led by Mr Amen Odigie, Managing Director of…
THE Central Bank of Nigeria (CBN) has announced significant review of the documentation requirements for transactions conducted through the Pan-African Payment and Settlement System (PAPSS) in Nigeria. According to a statement by Hakama Sidi-Ali, CBN’s Acting Director, Corporate Communications…
THE Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government plans to reduce inflation rate to single digit and create more jobs. Edun stated this during a press conference addressed by the Nigerian…
CHINA and Africa recorded a significant boost in economic ties last year, with bilateral trade hitting $295bn in 2024, reflecting a 6 percent year-on-year increase, according to officials from the African Union (AU) and the Chinese Mission to the AU.…
CHINA has taken steps to restrict local companies from investing in the United States, a move that could provide Beijing with greater leverage in potential trade negotiations with President Donald Trump’s administration, Bloomberg reports, citing sources familiar with the…
NIGERIAN billionaire and philanthropist Tony Elumelu has been appointed to the International Monetary Fund’s (IMF) Advisory Council on Entrepreneurship and Growth, a new high-level group designed to help shape policies that foster global economic development through private sector-led growth. The announcement cements…
What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 22nd March, below. You can swap your dollar for Naira…
