Business
GAIN, NCIC award $16,000 to Nigerian innovators for safe, nutritious foods
In a bid to encourage the consumption of safe and nutritious foods in Nigeria, the Global Alliance for Improved Nutrition (GAIN) and the...
CBN uncovers $2.4 bln fraudulent FX backlog of $7 bln outstanding FX claims
The Central Bank of Nigeria Governor, Dr. Olayemi Cardoso, has disclosed that $2.4 billion out of the reported $7 billion outstanding foreign exchange...
Insecurity: Businesses in FCT record 33% drop in revenues – Report
Revenues of businesses in the Federal Capital Territory (FCT) recorded a 33 percent decline between January 2023 and January 2024, a report by...
Femi Otedola is First Bank Holdings board chairman
Nigerian billionaire and investor, Mr. Femi Otedola, has been appointed as the new Chairman of First Bank Holdings board of directors. The holding...
Just in: CBN pumps $500m into forex market, vows to resolve all backlogs soon
The Central Bank of Nigeria (CBN) says it has pumped an additional $500 million into the volatile foreign exchange market to address persistent...
Aliko Dangote’s Wealth soars to highest in decade with Otedola’s investment aid
Nigerian philanthropist and business tycoon, Femi Otedola, said he will add to his purchases of Dangote Cement Plc’s shares after his recent acquisition...
Lagos 4th Mainland Bridge construction commences first quarter of 2024
Mr. Babajide Sanwo-Olu, the Governor of Lagos State, has announced that the second-largest bridge in Africa, the 38-km-long-awaited Fourth Mainland Bridge construction, will...
NOVAmbl Asset Management Dollar Fixed Income Fund Named Best Performer of 2023
NOVAmbl Asset Management’s Dollar Fixed Income Fund has been named as the best-performing Dollar Fund in 2023 by Nairametrics, the leading financial information...
Forex: CBN working towards genuine price discovery – Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Yemi Cardoso, has said that the bank will work towards real price discovery...
Aliko Dangote reclaims title of Africa’s richest person
After the opening of 2024, most of Africa’s richest people saw their fortunes shrink to a greater or lesser extent, the Nigerian business...
Breaking: Dangote Cement emerges as first Nigerian company to reach N10trn market cap
The only cement company in Nigeria with two export terminals and a combined export capacity of 8 million tonnes per annum, the Dangote...
CBN clears $2bln outstanding forex liabilities
The Central Bank of Nigeria (CBN) says it has paid approximately $2 billion in its bid to cushion the lingering challenges in the...
We’ll produce diesel, aviation fuel before January end — Dangote
Diesel and aviation fuel will be produced from the Dangote Refinery in Lekki, Lagos, before the end of January just as it commenced...
CBN appoints new managements for Union Bank, Polaris Bank, Keystone Bank
The Central Bank of Nigeria (CBN) has appointed new executives for Union Bank, Keystone Bank and Polaris Bank, following the dissolution of their...
CBN dissolves managements, boards of Titan Trust Bank, Union Bank, two others
The Central Bank of Nigeria (CBN) has welded the big stick by dissolving the boards and managements of Titan Trust Bank, Union Bank...
Agriculture, Construction, others to drive Nigeria’s economic growth by 3.3 percent in 2024, says World Bank
The World Bank has projected that agriculture, construction, services, and trade are expected to drive Nigeria’s economy’s growth in 2024. According to the...
