Business
Nigeria’s inflation rate drops to 32.15% – NBS
Nigeria’s inflation rate has dropped to 32.15% in August from 33.40% in July 2024. The National Bureau of Statistics (NBS) reported this in...
CBN directs payment service providers to begin PoS transaction tracking
The Central Bank of Nigeria (CBN) has released a new directive to Payment Service Providers (PSPs), requiring them to comply with enhanced routing...
Nigeria’s cable market growth may surpass current N200bln value, says Zobis Cable Boss, Ezeobi
By Emmanuel Ndukuba, Awka Engr. John Ezeobi, the Chairman of Zobis Electrical Wires and Cable, has decried the activities of importers of substandard...
Heirs Insurance Group Appoints Ibrahim Puri And Sonny Iroche As Independent Non-Executive Directors
Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance provider, has announced the appointment of Ibrahim Puri and Sonny Iroche as Independent Non-Executive Directors of...
ESG: FirstBank wins 2024 Euromoney Award for Nigeria’s best bank
FirstBank, the West African premier financial institution and financial inclusion services provider has emerged the winner of the prestigious Euromoney Award for Nigeria’s...
Netflix raises subscription fees in Nigeria, the second in three months
by Ramlat Ibrahim Netflix has again announced another tariff hike for its subscription plans in Nigeria, marking the second increase within three months....
Exciting prizes up for grabs with FirstBank Visa Gold and Visa Infinite Cards in 2024 summer campaign
First Bank, the West African premier financial institution and financial inclusion services provider, announces its continuous VISA Cross Border and Summer campaign in...
Transcorp Hotels achieve 188 percent growth in 2024 half year
Transcorp Hotels, the hospitality subsidiary of one of Africa’s leading listed conglomerates, Transnational Corporation Plc (Transcorp Group), posted a profit before tax of...
Why FG injected N1trn palliatives into manufacturing sector – Finance Minister Edun
The Federal Government has disclosed that a total sum of N1 trillion was injected into the manufacturing sector as palliatives in 2023. Mr....
Breaking: Again, CBN increases interest to 26.75 percent
The Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), also known as the benchmark interest rate, by 50 basis...
I’m no longer interested in investing in Nigeria’s steel industry, says Aliko Dangote
Alhaji Aliko Dangote, the Chairman of Dangote Industries Limited, has halted the company’s plans to venture into Nigeria’s steel industry. Dangote backtracks two...
With giants campaign, First Bank is truly woven into society’s fabric
The ‘Giant in you’ campaign of the FirstBank has again confirmed the common expression that ‘apple doesn’t fall far from the tree’ given...
CBN sells $122.67m to 46 authorized FX dealers
The Central Bank of Nigeria (CBN) says it has sold $122.67 million to 46 authorized dealers as part of its effort to stabilize...
Nigeria’s FX reserves hit $35.05 bln, highest under Pres. Tinubu
Nigeria’s external reserves continue to soar, as the foreign exchange reserve hit $35.05 billion, the highest in the President Bola Tinubu administration. This...
UBA MD, Alawuba, appointed Chairman, CIBN Body of Banks’ CEOs
Oliver Alawuba, the Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, is now the Chairman of the Chartered Institute...
Nigeria seeks $172bn investment boost in key sectors
Nigeria Backbone Infrastructure Limited, a multinational company, has announced plans to invest $172 billion in the development of various infrastructure sectors across the...
