Business
CBN increases interest rate to 16.5 % to tame inflation.
The Monetary Policy Committee of the Apex bank voted on Tuesday to increase the benchmark interest rate by 100 basis point to 16.5...
Breaking: Naira rebounds, exchanges at N445.38 to dollar
After several months of being on a downward trend, Nigeria’s currency — the Naira — on Monday appreciated against the dollar at the...
Nigeria’s UTM Offshore Ltd, three foreign technical partners sign multi-billion dollar agreement for first floating LNG facility
Nigeria’s energy transition programme received a boost on Wednesday with UTM Offshore Limited, an indigenous firm, signing an agreement with three foreign technical...
CBN-sponsored N65bn refurbished Lagos National Theatre Complex ready to host UN World Tourism Organisation Conference Nov. 14
The first phase of the rehabilitation of the National Theatre, Lagos, constructed for the hosting of FESTAC 1977 and sponsored by the Central...
Twitter’s largest shareholders after Elon Musk
Twitter has a new line-up of top investors following Elon Musk’s $44 billion acquisition of the social media platform. As of November 2022,...
Elon Musk, world richest man, finally acquires $44bn Twitter
The world’s richest man, Elon Musk, has finally take over the ownership of social media service, Twitter, by closing a $44 billion (£38.1bn)...
Germany agrees to controversial sale of Hamburg port terminal
Germany has struck a compromise over a controversial move to allow a Chinese shipping group to buy a stake in a terminal at...
Dangote’s 650,000bpd Refinery, Africa’s Biggest, Is 97% Completed, Says NMDPRA
...to provide 100,000 direct and indirect jobs for the youths
Foreign Investment Network (FIN) hosts International Banking on Emerging Markets Forum in Washington DC, U.S. Oct. 14
In a bid to chart a path for emerging economies in Africa, Foreign Investment Network (FIN) is organizing FIN International Banking on Emerging...
Strong, formidable insurance sector key to strong Nigeria, says Elumelu
Tony Elumelu, CON, Chairman, Heirs Holdings and United Bank for Africa Plc (UBA), has canvassed a vibrant, well capitalised and deep insurance sector...
Elumelu to NCRIB: It’s time to flush out bad eggs from insurance industry
Mr Tony Elumelu, the Chairman of Heirs Holdings and Founder, Tony Elumelu Foundation, has called for the flushing out of non-registered and non-compliant members...
Again, CBN raises monetary policy rate to 15.5%
Following the rising rate of inflation, the Central Bank of Nigeria (CBN) Monetary Policy Committee unanimously voted to raise the benchmark interest...
Revealed! How ExxonMobil, partners overspent $138bn in decades-long energy projects
Oil and natural gas projects that ExxonMobil invested in between 1998 and 2017 ended up costing $138 billion more than early estimates, possibly...
Dangote Sugar upscales its CSR schemes in Adamawa, Nasarawa
Living up to its billing, a member of Dangote Group — the Dangote Sugar Refinery Plc (DSR) — has scaled up its Corporate...
Heritage Bank, Gail Sickle Initiative collaborate to rescue sickle cell patients
As part of its Corporate Social Responsibility (CRS), Heritage Bank Plc has increased the level of its support and intervention for the public...
Despite geo-political environmental challenges, UBA delivers N85.7bn profit-before-tax, declares N0.20k interim dividend Jan.-June 2022
Africa’s global bank, United Bank for Africa (UBA) Plc, has announced its audited financial results for the half-year ended on June 30, 2022,...
