Business
Glory days ahead for the naira – CBN Gov. Cardoso
Dr. Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), says the apex bank is pleased with the progress it has...
Dangote Sugar Refinery registers N209bln multi-instrument issuance programme
In a bid to uphold the standard of its corporate objectives, Dangote Sugar Refinery Plc has registered its N200bn multi-instrument issuance programme with...
CBN issued IMTOs Naira access to boost remittances
The Central Bank of Nigeria (CBN) says it has implemented new measures to allow eligible international money transfer operators (IMTOs) to access naira...
Again, Dangote Refinery accuses IOCs of manipulating oil prices to sabotage Nigerian refinery
Mr. Devakumar Edwin, Vice President of Oil and Gas at Dangote Industries Limited (DIL), has accused Nigerian international oil companies (IOCs) of frustrating...
AKK Gas Pipeline Project Will Transform Northern Nigeria’s Economic, Industrial Landscape – FG
The Ajaokuta-Kaduna-Kano (AKK) gas pipeline project, Nigeria’s biggest domestic gas pipeline project so far by President Bola Tinubu’s administration, is focused on unleashing...
Nigeria’s foreign exchange reserves up by 5 percent to $33.58bln
Nigeria’s foreign exchange (FX) reserves have increased by five percent in the last two months, amounting to $33.58 billion. The latest development is...
Nigeria’s debt stock surges by 24.99 percent to N121.67trn in March 2024 – DMO
The Debt Management Office (DMO) has disclosed that Nigeria’s total public debt stock has increased by 24.99 percent to N121.67 trillion (approximately $91.46...
CBN dissolves boards of Union, Keystone, Polaris Banks
The Central Bank of Nigeria (CBN) has announced the dissolution of the boards of directors of three major banks – Polaris Bank, Union...
Heritage Bank: Customers to receive payments within one week – NDIC MD
The Nigerian Deposit Insurance Corporation (NDIC) has assured depositors of Heritage Bank that their deposits are already being processed for payment. The Managing...
Nigeria’s current account balance surges by $1.43bn – IMF
The International Monetary Fund’s World Economic Outlook Database indicators have revealed that Nigeria’s current account balance recorded a surplus of $1.432 billion in...
Three Shell companies in Nigeria, partners spent $42.2m on social investment in 2023
Three Shell companies in Nigeria, partners spent $42.2m on social investment in 2023 The three Shell companies in Nigeria and their partners spent...
Heritage Bank liquidation: NDIC spells out fund retrieval process for customers
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the liquidation of Heritage Bank and announced the fund retrieval process for customers. Persecondnews recalls...
Update: CBN revokes Heritage Bank’s operating license, appoints NDIC as liquidator
The Central Bank of Nigeria (CBN) has revoked the license of Heritage Bank Plc with immediate effect. The Acting Director of Corporate Communications...
Q1 2024: FBN holdings flaunts impressive performance, posts N238.53bln profit before tax
With its impressive performance as one of the oldest banks in Nigeria sustaining its fundamentals amid domestic and foreign challenges, FBN Holdings Plc...
Naira surges by 9.68% at the official window, closing at N1,339.33/$1
The Nigerian naira appreciated significantly against the US dollar on Monday, closing the day at N1,339.33/$1 in the official foreign exchange market. This...
UBA at 75: It’s testament to resilience, innovation, remarkable financial strength – GMD
In its 75 years of operation, the United Bank for Africa (UBA) has shown extraordinary financial strength and endurance, according to Oliver Alawuba,...
