Business

System upgrade: FirstBank enhances supplier’s platform, guarantees uninterrupted, seamless services

FirstBank has reacted to a misleading report circulating in the media regarding its system upgrade. It said the upgrade has helped in transitioning...

Reps to CBN: Withdraw old naira notes before December 31 deadline

The House of Representatives has called on the Central Bank of Nigeria (CBN) to begin the gradual withdrawal of old N200, N500, and...

US-Nigeria trade relationship hits $10bln mark

The United States and Nigeria have achieved a remarkable milestone in their trade relationship, with the total value now standing at $10 billion...

NNPC Retail Sensitizes Auto Mechanics on CNG Adoption, Unveils Oleum Lubricant Range

NNPC Retail Limited, a subsidiary of NNPC Ltd, has taken a significant step towards promoting cleaner and affordable energy solutions in Nigeria, sensitizing...

Aliko Dangote’s wealth soars to $28bln as his oil refinery comes on stream

Aliko Dangote, Africa’s richest man, has seen his wealth more than double to $28 billion following the long-awaited opening of his Nigerian oil...

Naira Defies Global Trends, Appreciates 5.7% Against Dollar

The Nigerian naira staged a surprising comeback on Monday, appreciating 5.7 percent against the US dollar at the official market, despite the dollar...

Naira appreciates 4.49% against the dollar, closing at N1,561.76

The Nigerian naira strengthened significantly against the US dollar on Tuesday, closing at N1,561.76 in the official Investor and Exporter (I&E) window. This...

Nigeria’s foreign investment surges by 152% in Q2 of 2024

Nigeria’s foreign investments, also known as capital importation, have seen a significant boost in the second quarter of 2024, rising by 152.81 percent...

African oil-producing nations secure 45% of $5bln Energy Bank funds

Afnations have made significant progress in establishing the Africa Energy Bank (AEB), securing 45% of the required $5 billion startup capital. The bank,...

FG’s fresh fiscal incentives to attract $10bln to oil and gas sector – Edun

The Federal Government unveiled fresh fiscal incentives to enhance Nigeria’s oil and gas industry’s competitiveness, setting it up for a major boost. Mr....

UNGA 79: Creative Economy Ministry promotes investmemt drive,secures $200mn Afreximbank fund

The Federal Ministry of Arts,Culture and Creative Economy(FMACCE) had at the just concluded United Nations General Assembly (UNGA) in New York promoted investment...

UBA reports impressive 39.6 percent growth in gross earnings for first half of 2024

The United Bank for Africa (UBA) has announced a remarkable 39.6 percent growth in gross earnings for the first half of 2024, increasing...

FirstBank CEO, Alebiosu, at UNGA ’79, harps on financial inclusion in poverty eradication

In an exclusive interview with Arise TV on the sidelines of the 79th United Nations General Assembly in New York, The CEO of...

For the umpteenth time, CBN raises interest rate by 50 basis points to 27.25%

For the fifth time, the Central Bank of Nigeria (CBN) has announced another increase in its Monetary Policy Rate (MPR), raising it to...

FirstBank Sponsors Maiden Edition of Nigerian Fintech Festival Event in Lagos

The inaugural edition of the Nigerian Fintech Festival, the biggest fintech festival in Nigeria, sponsored by FirstBank, West Africa premier financial institution and...