Economy

By Lucy Adautin A South Korean company, Ssangbangwool, that specializes in underwear, announced on Thursday, its initiative to offer employees up to $75,000 to address the country's declining birth rate. The company outlined a plan to...

By Emmanuel Nduka The proposed Africa Energy Bank which is a collaboration between the African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organization (APPO), will commence operations later this year, with an initial $5 billion capital, according to...

The Nigerian Content Development and Monitoring Board (NCDMB) has carried out an onsite out-of-country monitoring visit to South Korea to inspect facilities fabricating Pressure Vessels, Columns, Heat Exchangers, and Filters for the NLNG Train 7 project...

By Lucy Adautin The Central Bank of Nigeria (CBN) has raised the monetary policy rate, known as the interest rate, by 200 basis points per cent to 24.75 per cent from 22.75 per cent in efforts...

By Lucy Adautin  Foreign airlines operating in Nigeria have contradicted the Central Bank of Nigeria (CBN), stating that its assertion of clearing all foreign exchange (FX) obligations is inaccurate. Kingsley Nwokeoma, President of the Association of...

By Lucy Adautin The African Export-Import Bank (Afreximbank) has inaugurated its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. FEDA aims to address Africa's $110 billion financing gap for intra-African trade, value-added export...