Business
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...
FBNH crosses N1trn capitalization on NGX
FBN Holdings, the parent group of First Bank Limited, has once again crossed the N1 trillion market capitalization level. First Bank with a...
UBA Surpasses N1trn Market Capitalisation Mark Amid Impressive Financials, Recognitions
“The Chairman, UBA Group, Tony Elumelu, said the bank’s remarkable journey in 2023 culminated with its shares being acclaimed as the highest performing...
DMO offers 2 FG’s bonds for public subscription
The Debt Management Office (DMO) on Monday announced for public subscription two Federal Government of Nigeria (FGN) savings bonds. The two-year FGN savings...
Breaking: UBA crosses N1trn market capitalization
The share price of United Bank for African Plc, a multinational pan-African financial services group, crossed N29.90, taking the bank’s market capitalization to...
Nigerian economy to experience boom as $2.25bn Afrexim bank first tranche of loan of $3.3b hits FG’s account
With the Naira ranked among the worst performing currency globally, Nigeria has received $2.25 billion out of the $3.3 billion from Afreximbank to...
Increased VAT, exchange rate difference push November revenue for FAAC to N1.783trn
Value Added Tax revenue of N335.656 billion and exchange rate difference revenue of N364.869 billion have pushed distributable revenue for the Federation Account...
Nigeria’s debt profile hits N87.9trn
The N87.91 trillion total debt stock represents a marginal increase of 0.61 percent, when compared to the June figure of N87.38 trillion. Nigeria’s...
Yuletide: Tinubu approves zero-fare by rail, 50% travel waiver on road transport across Nigeria
President Bola Tinubu has approved free rides for commuters on all train services and 50 per cent reduction in interstate transport fares for...
Ban importation of 2000 to 2007 model cars, Automotive Council urges FG
The Director-General of the National Automotive Design and Development Council (NADDC), Mr. Joseph Osanipin, has suggested a ban of importation of cars used...
Breaking: Again, Nigeria’s inflation rate rises to 28.20%
Nigeria’s headline inflation rate for November soared up to 28.20 percent relative to October headline inflation rate of 27.33 percent. Persecond News reports...
Naira scarcity heightens in FCT as banks implement withdrawal limits
Several parts of the Federal Capital Territory (FCT) have been hit by paucity of the Naira as Christmas approaches. The cash crunch which...
Just in: CBN halts processing fees on large cash deposits
The Central Bank of Nigeria (CBN) has announced the immediate suspension of processing fees on large cash deposits. The change cited under the...
CBN raises alarm over counterfeit Naira notes in circulation
The Central Bank of Nigeria (CBN) has raised alarm over the circulation of counterfeit banknotes across the country. According to the apex bank,...
Dangote Refinery set to commence production, recieves 950,000 barrels of crude oil
The Dangote Oil Refinery is finally set to commence fuel production as the first crude shipment arrives at the facility on Thursday. S&P...
