Economic pressures from steep new U.S. tariffs will push global public debt above pandemic-era levels to nearly 100 per cent of global GDP by the end of the decade as slower growth and trade strain government budgets, the International Monetary Fund said on Wednesday. The IMF’s […]
Author: Business Nexus
DMO Offers N350bn FGN Bonds for Auction
The Debt Management Office (DMO) has announced plans to re-open two Federal Government of Nigeria (FGN) bonds worth N350 billion for public auction, scheduled for April 28, 2025, with settlement on April 30, 2025. The offer, which forms part of the federal government’s domestic borrowing strategy, will […]
Nigeria’s Currency in Circulation Falls ₦240bn in Q1’2025
Nigeria’s currency in circulation (CIC) declined by ₦240bn in the first quarter of 2025, according to newly released data from the Central Bank of Nigeria (CBN), reflecting a 4.58 per cent contraction over the three-month period. The report, published by the apex bank, shows that the total currency […]
IMF Cuts Global Growth Forecast for 2025 to 2.8% Amid Rising Trade Tensions
The International Monetary Fund (IMF) has lowered its global economic growth forecast for 2025 to 2.8 per cent, citing escalating trade tensions and growing policy uncertainty triggered by sweeping new U.S. tariffs. The revised figure represents a 0.5 percentage point downgrade from its January 2025 projection and […]
Fidelity Bank Named Nigeria’s Best Private Bank At Euromoney Awards
Fidelity Bank Plc has been named “Nigeria’s Best Private Bank” at the Euromoney Awards 2025. The recognition was formally unveiled at the awards ceremony held recently at The Savoy in London. The Euromoney Awards for Excellence are prestigious annual honors and a benchmark for excellence in […]
CBEX Not Registered By Us, Say SEC … Reminds Public To Always Verify Registration Status
The Securities and Exchange Commission has stated that Crypto Bridge Exchange also known as CBEX was not granted registration by the Commission at any time to operate as a Digital Assets Exchange. In a Circular dated April 17, 2025, the Commission stated that its attention has been […]
Nigeria Now Provides Power Access to 150 Million – Adelabu …Says 80 Million Nigerians Still Lack Reliable Electricity Access
Approximately 150 million Nigerians now have access to electricity, according to the Minister of Power, Adedayo Adelabu, who disclosed the figure on Thursday during the 2025 Ministerial Sectoral Update Conference held in Abuja. While hailing the achievement, the minister acknowledged that 80 million Nigerians still lack reliable […]
Access Holdings Records 88% Growth in Gross Earnings To N4.878trn
Access Holdings Plc has announced its audited financial results for the full year ended December 31, 2024. The Group delivered 88 per cent year-on-year growth in gross earnings, rising from N2.594trn in 2023 to N4.878trn in 2024. According to the group’s financial results seen by THE […]
Dangote Petroleum Announces Reduction In Petrol Price
Dangote Petroleum Refinery has announced a reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol, from N865 to N835, effective from Wednesday, 16th April 2025. This marks the second price reduction within a week. According to a statement signed by Group Chief […]
Author, Eloike holds first book reading for women themed book, Ichabod
Nono Ogochukwu Eloike, Astute Communications Strategist with expertise in Behavioural Change Communications and Public Relations, is holding her first book reading for her book “Ichabod: Daughters Who Did Not Inherit Their Mother’s Silence”. The author on Wednesday said the book reading event for the sought after self help book […]