An AI African Intelligence Site
Governor Ademola Adeleke has showered praises on Governor Seyi Makinde for his landmark achievement on infrastructural upgrade of Oyo state, calling on South West states to deepen development partnership. Speaking…
Naira Weakens Against USD, EUR, GBP The Naira exchange rate faced a setback in the foreign exchange (FX) markets as demand eclipsed total market supply amidst rising import appetite. The…
European Union to Invest €18m in Nigeria Vaccine Research The European Union (EU) says it will invest 18 million Euros to fund vaccine research in Nigeria. The Head of the…
Tesla Earnings Slump on Price Cut Electric car maker Tesla reported a 39% drop in adjusted net income for the final quarter of 2023, to $2.48 billion, or $0.71 per…
CBN Targets 21.4% Inflation Rate for 2024 Amidst strong price instability, the Central Bank of Nigeria (CBN) has set a 21.4% inflation target for the year 2024, saying that the…
FG Denies Plan to Relocate Federal Capital to Lagos The Federal Government (FG) under the administration of President Bola Tinubu is not planning to relocate the Federal Capital from Abuja…
CBN Pledges Support for Investment Drive, Special Economic Zones The Central Bank of Nigeria (CBN) says it will continue to support the Federal Government to implement an investment promotion strategy…
Federal Government Targets 77% Internal Revenue Growth The Minister of Finance, Mr Wale Edun, says the Federal Government is targeting a 77 per cent increase in Internally Generated Revenue (IGR).…
Nigeria Records Steep Increase in Food Prices The National Bureau of Statistics (NBS), said prices of beef, rice, beans, onion, tomato, and other food items increased in December 2023. It…
Market Return Hits 36% as All-Share Index Hits All-Time High The Nigerian Exchange (NGX) year-to-date return advanced near 36% as the All-Share Index on Wednesday rose by three per cent…