Business
Updated: We raised interest rate to 24.75 percent to fight inflation – CBN
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) said it hiked the benchmark interest rate by 200 basis points...
Don’t sell dollar above N1,269, CBN orders Bureau de Change
As part of measures to strengthen the naira against the dollar, the Central Bank of Nigeria (CBN) says it is allocating $10,000 at...
Dangote set to disburse N15bln food items to 774 LGAs to cushion harsh economic conditions
Nigerian businessman and industrialist Alhaji Aliko Dangote says he has allocated N15 billion for food supplies to the vulnerable people across the 774...
Naira strengthens to N1400/$ at parallel market as speculators sell
The naira strengthened on Wednesday to close at N1400/$1 in the parallel section of the foreign exchange market. Persecondnews reports that the exchange...
Just In: Zenith Bank names Adaora Umeoji as its first female Group Managing Director
The Board Directors of Zenith Bank Plc has announced the appointment the appointment of Dr. Adaora Umeoji as the Group Managing Director/ Chief...
Nigerian Business Community to FG: Use Ghana Trade Office to solve our problems
The Nigerian business community in Ghana has urged the federal government to use the Nigerian trade office in Accra in addressing its challenges....
Heirs Holdings tells story of transformational investment in Africa, launches its first-ever TV commercial
Heirs Holdings has launched its first-ever television commercial (TVC), showcasing the company’s diverse portfolio, spanning the power, energy, financial services, hospitality, real estate,...
Aig-Imoukhuede, co-founder, returns to Access Holdings as Chairman
Access Holdings PIc has announced the return of Mr. Aigboje Aig-Imoukhuede as its Non-Executive Chairman. Aig-Imoukhuede, co-founder of Access Bank with the late...
CBN to sanction MfBs over late non-rendition of statutory monthly returns
The Central Bank of Nigeria (CBN) has directed all microfinance banks (MfBs) to adhere to prompt rendition of statutory monthly returns through the...
In a great leap forward, Heirs Holdings launches Heirs Technologies, set to lead Africa’s digital evolution
Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, has broken new grounds with...
Transcorp Group announces listing of Transcorp Power Plc by introduction on Nigerian Exchange’s Main Board March 4
Transnational Corporation Plc (Transcorp Group) wishes to announce the listing of its subsidiary, Transcorp Power Plc (Transcorp Power or TP Plc) via listing...
CBN to sell N1.64trn Treasury bills in Q2 2024
The Central Bank of Nigeria (CBN) has said it will sell Treasury bills (TBs) worth N1.64 trillion for the second quarter of 2024...
Nigeria lacks sufficient reserves to tackle FX demands, backlog in the market, says expert
An economist, Mr. Esili Eigbe, has said Nigeria lacked sufficient reserves to tackle the demands for foreign exchange and the backlog in the...
CBN to sell dollar at N1,301 to authorized BDC
In its bid to increase liquidity, strengthen the naira, and curb distortion at the retail end of the FX market, the nation’s apex...
Economic hardship: Elumelu to partner MOFI to boost economy
Nigerian philanthropist and Chairman of Heirs Holdings Group, Mr. Tony Elumelu, has expressed readiness to partner with and support the Ministry of Finance...
NSA, CBN join forces to curb illicit activities in forex market
In its bid to strengthen Nigeria’s foreign exchange market, the Office of the National Security Adviser (ONSA) says it has joined forces with...
