Business
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...
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...
