Business
Netflix raises subscription fees in Nigeria, the second in three months
by Ramlat Ibrahim Netflix has again announced another tariff hike for its subscription plans in Nigeria, marking the second increase within three months....
Exciting prizes up for grabs with FirstBank Visa Gold and Visa Infinite Cards in 2024 summer campaign
First Bank, the West African premier financial institution and financial inclusion services provider, announces its continuous VISA Cross Border and Summer campaign in...
Transcorp Hotels achieve 188 percent growth in 2024 half year
Transcorp Hotels, the hospitality subsidiary of one of Africa’s leading listed conglomerates, Transnational Corporation Plc (Transcorp Group), posted a profit before tax of...
Why FG injected N1trn palliatives into manufacturing sector – Finance Minister Edun
The Federal Government has disclosed that a total sum of N1 trillion was injected into the manufacturing sector as palliatives in 2023. Mr....
Breaking: Again, CBN increases interest to 26.75 percent
The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), also known as the benchmark interest rate, by 50 basis...
I’m no longer interested in investing in Nigeria’s steel industry, says Aliko Dangote
Alhaji Aliko Dangote, the Chairman of Dangote Industries Limited, has halted the company’s plans to venture into Nigeria’s steel industry. Dangote backtracks two...
With giants campaign, First Bank is truly woven into society’s fabric
The ‘Giant in you’ campaign of the FirstBank has again confirmed the common expression that ‘apple doesn’t fall far from the tree’ given...
CBN sells $122.67m to 46 authorized FX dealers
The Central Bank of Nigeria (CBN) says it has sold $122.67 million to 46 authorized dealers as part of its effort to stabilize...
Nigeria’s FX reserves hit $35.05 bln, highest under Pres. Tinubu
Nigeria’s external reserves continue to soar, as the foreign exchange reserve hit $35.05 billion, the highest in the President Bola Tinubu administration. This...
UBA MD, Alawuba, appointed Chairman, CIBN Body of Banks’ CEOs
Oliver Alawuba, the Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, is now the Chairman of the Chartered Institute...
Nigeria seeks $172bn investment boost in key sectors
Nigeria Backbone Infrastructure Limited, a multinational company, has announced plans to invest $172 billion in the development of various infrastructure sectors across the...
Tinubu to release N2trn to revamp Nigerian economy
President Bola Tinubu has promised to revamp the Nigerian economy by injecting about N2 trillion into it to turn its fortunes around within...
FG grants withholding tax exemptions to SMEs, farmers, manufacturers
Mr. Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, announced on Tuesday that President Bola Tinubu has...
Nigeria’s foreign investment inflows grow by 210% in Q1 2024
Foreign investment inflows to Nigeria grew to $3.38 billion in the first quarter of 2024, while total capital importation rose by 210.16% from...
CBN gets 7 days ultimatum to account for missing N100bn dirty notes, public funds
SERAP said the allegations are documented in the latest annual report recently published by the Auditor-General of the Federation. The Socio-Economic Rights and...
Nigeria’s external reserves surge to $34bln, first since March
Nigeria’s external reserve hit a new milestone in June, rising to $34.07 billion, the highest level since March 2024. This is according to...
