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OECD Raises World Gdp Growth Forecast To 2.7%

OECD Raises World Gdp Growth Forecast To 2.7%

The Organisation for Economic Cooperation and Development (OECD) slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a…

Fidelity Bank To Host 2nd Edition Of FITCC In Houston, Texas

Fidelity Bank To Host 2nd Edition Of FITCC In Houston, Texas

Building on the success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, leading financial institution, Fidelity Bank Plc, has announced plans to host the second…

Report: Naira Drops To Record Low At I&E Window

Report: Naira Drops To Record Low At I&E Window

The naira sank to a record low at the Investors and Exporters’ (I&E) window after the Central Bank of Nigeria (CBN) auctioned dollars at a naira rate that was almost 30 per cent weaker than…

Budgit: N81.7bn Allocation For Streetlights Construction Exceeds Schools, PHCs’ Budget

Budgit: N81.7bn Allocation For Streetlights Construction Exceeds Schools, PHCs’ Budget

BudgIT’s service delivery promotion platform, Tracka, which allows citizens to track and give feedback on public projects in their communities, yesterday announced that its findings reveal that a total of N81.7 billion was allocated to…

Shareholders Commend Wema Bank’s Improved Performance

Shareholders Commend Wema Bank’s Improved Performance

Shareholders of Wema Bank Plc have commended its board and management for delivering a good result in the 2022 financial year. They gave the commendation at the lender’s 2022 Annual General Meeting (AGM) held on…

Cbn Faults News Reports On Naira Devaluation

Cbn Faults News Reports On Naira Devaluation

The Central Bank of Nigeria (CBN) has debunked a report by a national daily that it has devalued the naira to N631 per dollar at the Investors and Exporters’ (I&E) window. In a statement signed…

Nigeria’s Pmi Inches Up  To 54.0 In May

Nigeria’s Pmi Inches Up To 54.0 In May

The country’s Purchasing Managers’ Index (PMI) rose to 54.0 in May from 53.8 in April, Stanbic IBTC Bank’s Nigeria PMI report for last month has said. According to the report, the expansion was driven by…

Benchmark Index Up 0.06% On Sustained Bull Run

Benchmark Index Up 0.06% On Sustained Bull Run

The domestic bourse on Wednesday ended mixed with a bullish tilt, to close the month of May in green as the benchmark index gained 6bps to settle at 55,769.28 points, amid sustained bargain hunt- ing…

I-invest Consolidates On Access To Investment Opportunities

I-invest Consolidates On Access To Investment Opportunities

I-invest, Nigeria’s leading digital investment platform, celebrated five years of providing access to secure investment opportunities with an Investment Mixer on May 27, 2023. The event, which was attended by financial investors, business executives, and…

Inflation: World’s Largest Asset Manager’s Ceo Expects More Rate Hikes

Inflation: World’s Largest Asset Manager’s Ceo Expects More Rate Hikes

The Chief Executive of the world’s largest asset manager, BlackRock Inc, Laurence Fink, said on Wednesday that inflation remained sticky and the Federal Reserve may need to hike interest rates further to contain price pressures.…