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Nigeria
Business

Nigeria wins bid to overturn $11 billion bill for collapsed P&ID gas deal

The Daily Leaks

Nigeria has won its bid to overturn an $11 billion damages bill for a collapsed gas processing project it said was procured by a concerted campaign of bribery. This was ascertained as the court sitting […]

Edun
Business

Nigeria expects $10 billion in forex inflows in weeks, says Finance Minister

The Daily Leaks

By Marvellous Nyang Finance Minister, Wale Edun, says Nigeria expects $10 billion in new foreign currency inflows in the next few weeks to ease liquidity in the foreign exchange market. Edun who disclosed this in […]

China
Business

China increases investments in Nigeria’s power generation, digital economy

The Daily Leaks

China’s President Xi Jinping has pledged that his country will increase investments in Nigeria’s power generation sector and its digital economy, the Nigerian vice president’s office said in the wake of a Belt And Road […]

Dollar
Business

Naira falls to record low of N1,155 per dollar on black market

The Daily Leaks

• Offical rate now N999/$1 Nigeria’s naira hit a new record low of N999 per dollar on the official market on Thursday, October 19, 2023, Refinitiv data showed, in line with weakness on the parallel […]

Osinbajo
Business

FT Summit: Osinbajo says Africa can be world’s first green industrial hub

The Daily Leaks

Nigeria’s immediate past Vice President, Prof. Yemi Osinbajo, SAN, GCON, has said that Africa can be the first green industrial hub of the world because of its vast potential for renewable energy, a teeming youth […]

Fidelity
Business

Houston, Texas gears up for Fidelity Bank’s FITCC Trade Expo

The Daily Leaks

All is now set for the Fidelity International Trade and Creative Connect (FITCC) billed for Houston, Texas in the United States of America. Labelled as FITCC Houston, the second edition of the international expo will […]

Bank
Business

The Alternative Bank debuts with spectacular multi-city launch

The Daily Leaks

The Alternative Bank, Nigeria’s newest entrant into the financial services sector, launched in spectacular fashion by holding simultaneous launch events in three major cities across the country – Lagos, Abuja, and Kano, making it the […]

Bank
Business

Nigeria central bank lifts forex ban on 43 items

The Daily Leaks

Nigeria’s central bank has said that it plans to intervene in the country’s foreign exchange market occasionally to boost liquidity, while ending an eight-year ban on 43 items that had been restricted from accessing forex […]

Dollar
Business

Dollar rises on flight to safety amid Israel-Palestinian fighting

The Daily Leaks

The safe-haven dollar and Japanese yen inched higher on Monday as military clashes between Israel and the Palestinian Islamist group Hamas deepened political uncertainty across the Middle East. Risk sentiment was fragile after Israeli forces fought gunmen […]

AFREXIM Bank
Business

Empowered Newswire exclusive: Unable to raise funds independently, AFREXIM shops for $3bn to fufill agreement with NNPC

The Daily Leaks

By Laolu Akande, New York (Empowered Newswire) Not being a depositors’ bank, AFREXIM Bank is unable on its own to raise the $3 billion loan it agreed to provide to the Nigerian National Petroleum Company […]

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Recent Posts

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  • Forging global paths: How Alausa’s UK mission recasts Nigerian education for the future
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