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Economy
How Nigeria can tame rising unemployment
Unemployment has been a challenge facing Nigerians over the years, even though it's been two years since the National Bureau of Statistics (NBS) released official unemployment data.
The…
Nigeria’s textile imports double despite local production push
Textile imports into Nigeria have doubled in two years as the industry remains in the doldrums despite the federal government’s protection policies aimed at reviving local production.
The…
Explainer: What to expect as CBN plans to mop up dormant, unclaimed funds
The Central Bank of Nigeria (CBN) recently released the exposure draft of guidelines on the management of dormant accounts, unclaimed balances and other financial assets in banks and other…
Retirees cede N615.8bn to insurers for life annuity
Nigeria’s insurance industry has earned a total of N615.8 billion on retiree annuity under the country’s Contributory Pension Scheme.
Managed by life insurance companies, as of the end of…
Corporate debt jumps 133% as Nigerian firms battle cash crunch
Nigerian firms recorded a 133 percent increase in corporate borrowings in 2022 as working capital needs soared amid an intense cash crunch, according to findings by BusinessDay.
For most…