CBN Bans Use of Foreign Currency-denominated Collaterals for Naira Loans
•Orders termination of existing facilities within 90 days •Approves fresh allocation of FX to BDCs at N1,101/$1, sale to customers…
Category: Business
Tinubu to Corporate Nigeria: I’ve No Excuses to Underperform, I Campaigned for the Job
President Bola Ahmed Tinubu, last night, told the corporate Nigeria that he had no excuses to underperform because he campaigned…
Tinubu to GAVI CEO: Nigeria’s Ability to Produce Vaccines Not in Doubt
President Bola Tinubu has called on Gavi, the Vaccine Alliance, to collaborate with potential Nigerian vaccine manufacturers to ensure equitable…
NERC Hikes Tariff for Band A Consumers with 24-Hour Electricity Access
Esther Salifu The Nigeria Electricity Regulatory Commission, has approved an increase in eleven tariff for consumers under the Brand A…
Dangote, Adenuga, Rabiu, Otedola Emerge Only Nigerians on Forbes’ World Billionaires List 2024
Forbes Magazine yesterday released the 38th edition of its World Billionaires List for 2024, with Aliko Dangote, Mike Adenuga, Abdulsamad…
Owode Market, Offa, Engulfed in Flames
Esther Salifu Several shops at Owode Market in Offa, Kwara State, were engulfed in flames during an early morning fire…
At 39.84%, Nigeria’s Stock Market Offers Near Best Investors’ Return in Africa
At 39.84 per cent year-till-date (YtD) gain, the Nigerian stock market, in the first quarter of 2024, offered investors the…
Air Peace Launches Nonstop Flight Between Lagos and London
Victoria Mgbanwa Air Peace, has on Saturday, begin its Lagos-London flight services. Air Peace’s Chairman and Chief Executive Officer, Allen…
Recapitalisation Hurdle: Access Holdings Announces $1.5bn Capital Raising Programme
Targets N365bn rights issue· Analysts, bankers welcome capital raising for banks, fault exclusion of retained earnings· Say exercise will strengthen financial institutions,…
REMITA Was Selected Based on Merit – CBN
Bukola Afeni The Director of Banking Services, Central Bank of Nigeria (CBN), Hamisu Abdullahi, highlighted the merit-based selection of Remita…