Goldman Sachs forecasts slow global economic growth at 1.8% in 2023
Goldman Sachs, a multinational investment bank, projects that global economic growth will slow next year. The firm’s projection contained in…
Lagos picks preferred bidder for Fourth Mainland Bridge construction
Lagos picks preferred bidde-CRCCIG Consortium as the preferred bidder for the construction of the Fourth Mainland Bridge (4MB) project. Ope…
Ajaokuta Steel Company ready for concessioning, will generate $1.6bn annually’ — Buhari
President Muhammadu Buhari says the Ajaokuta steel company is ready to be concessioned to private investors. Buhari disclosed this while…
German firms plan fresh investments in Nigeria
German companies have perfected plans to boost activities in Nigeria and other African countries next year. According to a Reuters…
Senate suspends Buhari’s request to approve N23.7trn extra-budgetary spending
The Senate has suspended a request by President Muhammadu Buhari to approve N23.7 trillion spent without the approval of the…
Bank customers lament poor circulation of new Naira notes
Bank customers have lamented continued lack of the redesigned banknotes at Automated Teller Machines (ATMs) and over-the-counter transactions. They said…
National Assembly passes 2023 budget, raises estimates by N1.33trn
The National Assembly has passed N21.83 trillion as budget for the 2023 fiscal year. The two chambers passed the appropriation…
FG Plans to Probe 40 Fintechs, Digital Loan Apps
The Nigerian government is exploring avenues to probe some digital loan apps over what has been described as alleged sharp…
World Bank warns of imminent global recession, debt distress
As fear of global economic lull spreads across the regions, the World Bank has warned that “even a moderate hit”…
PenCom to increase retirees’ monthly pension from February 2023
The National Pension Commission (PenCom) says it has approved the increase of monthly pensions for retirees on “programmed withdrawal” under…