Business

By Chibuzor Alli PwC Nigeria and First City Monument Bank were among the companies honoured at the 2024 DealMaker Africa Award.  The event, which marks the first in Nigeria since it was launched in South Africa in the year 2000, was held at Ebonylife Place, Victoria Island, Lagos, on Saturday. …

Nigeria’s inflation rate rose to 31.70 percent in February from 29.90 percent recorded in January 2024. This figure indicates an increase of 1.80 percent, the National Bureau of Statistics said in its latest CPI and inflation report released on Friday. This indicates that in February 2024, the rate of increase …

The National Pension Commission (PenCom) on Monday denied giving the Federal Government a loan of N10 million from its pension savings. This is as the Commission’s Director-General, Mrs. Aisha Dahir-Umar stated that PenCom is not a bank that warehouses funds or gives loans. She stated this during an interactive session …

The N22.7 trillion printed by the Central Bank of Nigeria through Ways and Means overdraft for the federal government from 2015 to 2023, under former President Muhammadu Buhari, landed Nigeria into hyper inflation bedeviling it now, said the Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun. Wale …