Wasiu Ali

2 months ago | businessday.ng | Wasiu Alli |Wasiu Ali |Favour Okpale |Eniola Olatunji

Adapalm Nigeria Limited was founded in 1975 by the old East Central State. It was transferred to the Imo State government after the splitting of the East Central State in 1976. It sits on 4,300 hectares of land in Ohaji/Egbema Local Government Area and once employed nearly 1,000 workers. However, the company began to struggle when the Imo State government indigenised it in 1987. Tribalism crept in and palm oil production fell.

Nov 17, 2024 | businessday.ng | Eniola Olatunji |Wasiu Ali

Home > PREMIUM > Economic Week Ahead: N610bn T-bill auction, UK to publish inflation data Share Economic Week Ahead: N610bn T-bill auction, UK to publish inflation data Eniola Olatunji & Wasiu Ali The Central Bank of Nigeria (CBN) plans to auction N610.08 billion worth of Treasury bills this week while the United Kingdom Office for National Statistics is expected to release the country’s consumer price index (CPI) following the unexpected fall to 1.7 percent in Sept To read more, subscribe...

Nov 16, 2024 | businessday.ng | Eniola Olatunji |Wasiu Ali

The Central Bank of Nigeria (CBN) plans to auction a N610.08 billion worth of treasury bill as the United Kingdom Office for National Statistics is expected to release the country’s consumer price index (CPI) following the unexpected fall to 1.7 percent in September. Monday, November 18DMO to auction N120 billion FGN bondsThe Debt Management Office will be issuing three tranches of FGN bonds worth N120 billion today.

Oct 2, 2024 | businessday.ng | Lolade Akinmurele |Wasiu Ali

There’s no trace of the $30 billion Foreign Direct Investment that Nigerian President Bola Tinubu claimed the country has attracted in the last one year of his economic reforms. Data from the National Bureau of Statistics (NBS) revealed that Nigeria attracted a total of $377.3 million in Foreign Direct Investment (FDI) in the whole of 2023 and has received $119.18 million in the first quarter of 2024.

Feb 7, 2024 | businessday.ng | Godsgift Onyedinefu |Wasiu Ali

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says medical tourism and the growing number of Nigerians studying abroad are two major factors contributing to the devaluation of the naira. Cardoso, who said this when he appeared before the House of Representatives, disclosed that Nigerians spent over $40 billion to access education and healthcare abroad in ten years, between 2010 and 2020.