Latest economic news, trends, and insights from around the world, impacting businesses and consumers.
The Nigerian naira depreciated against the US dollar on Monday, exchanging at N747.87 at the Investors and Exporters window. This represents a 1.01% drop compared to the N740.38 exchange rate on September 1st. The open indicative rate closed at N772.06 to the dollar. The highest rate recorded during the day’s trading was N799.90 before settling…
By Damilola Adeleke President Bola Tinubu has terminated the appointment of Dr. Bashir Gwandu as the Executive Vice-Chairman/Chief Executive Officer (CEO) of the National Agency for Science and Engineering Infrastructure (NASENI). In his place, Khalil Suleiman Halilu, aged 32, has been appointed as the new Executive Vice Chairman and CEO of NASENI. The appointment is…
By Damilola Adeleke In a statement, Oby Ezekwesili emphasized the urgent need for countries, particularly in Africa, to address the persistent issue of poor public finance management. She stressed that prudent management of public resources is essential for achieving economic growth and addressing poverty. Ezekwesili called on all branches and levels of government in Africa,…
By Damilola Adeleke Gabon’s main opposition group, Alternance 2023, has criticized the military junta’s swearing-in of General Brice Oligui Nguema, calling it absurd. The opposition group is calling for the military to hand power back to civilians and conduct a full vote count from the recent election. The election commission had announced President Ali Bongo’s…
