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Business

Stronger reserves and sweeping FX reforms are giving CBN room to stabilise the naira, protect investment flows and domestic production

Dollar plummets against Naira at official market

Kazeem Ugbodaga

2 years ago

This represents a 0.55 per cent gain when compared to the previous trading date on Friday, April 12, exchanging at…
Nigeria's inflation zooms to 33.2% in March

Nigeria’s inflation zooms to 33.2% in March

Kazeem Ugbodaga

2 years ago

According to the NBS, "In March 2024, the headline inflation rate increased to 33.20% relative to the February 2024 headline…
Capi’s Rapid Success Attracts Brands: A New Era of Collaborations

Capi’s Rapid Success Attracts Brands: A New Era of Collaborations

Taiwo Okanlawon

2 years ago

This new era of partnerships highlights Capi’s influence as a marketing powerhouse and underscores the importance of authenticity in brand…
Naira strengthens further at official FX market

Naira continues recovery, gains 7.2% against dollar

Ayorinde Oluokun

2 years ago

According to data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign…
Investors lose N1.14trn as NGX reacts to MPC decision

Dangote Sugar, GTCO lead losers table at Nigerian Exchange Market

Kazeem Ugbodaga

2 years ago

Specifically, investors lost N412 billion or 0.71 per cent, as the market capitalisation, which opened at N58.276 trillion, closed at…
Arsène Kaptue

Arsène Kaptue Scandal: Cameroonian Scammer Operating with Dreamkey Corporation

Taiwo Okanlawon

2 years ago

Multiple witnesses have shared their devastating experiences, claiming to have been swindled by Arsène Kaptue for amounts ranging up to…
The Chairman of Federal Inland Revenue Service (FIRS), Mr Zach Adedeji has revealed that the Service generated a total of N12.3 trillion in 2023.

FIRS rakes in N12.3 trillion in 2023 – Adedeji

Ayorinde Oluokun

2 years ago

He spoke on Friday at the FIRS special day at the ongoing 35th Enugu International Trade Fair where he was…

NERC approves migration of 33 additional EKEDC feeders to Band A

Paul Dada

2 years ago

“It is also our commitment to ensure that customers under other service bands, that is, Bands B to E also…
Those who are considering a foray into the world of online investing should therefore become familiar with what MetaTrader has to offer

A Beginner’s Guide to the MetaTrader Investment Platform

Ademola Adegbamigbe

2 years ago

Mobile trading has become commonplace in recent times, notably so. Thanks to massive advancements in smartphone technology coupled with growing…

How to save fuel in commercial fleets: 5 eco-driving tips

Ademola Adegbamigbe

2 years ago

Fuel costs make up around 60% of a company's operating budget, totaling thousands of USD per year. So, how do…
UBA

UBA hits N608bn Profit After Tax, as gross earnings rise to N2.08trn in 2023

Kazeem Ugbodaga

2 years ago

The bank's total assets also rose remarkably by 90.22 percent, doubling the N10 trillion mark, to close at N20.65 trillion…
Bitcoin Boom: Trailblazing Nigeria Sets the Pace for Africa's Digital Currency Revolution

Bitcoin Boom: Trailblazing Nigeria Sets the Pace for Africa’s Digital Currency Revolution

Ademola Adegbamigbe

2 years ago

In the rapidly evolving digital era, bitcoin, the world's premier digital currency, continues to strengthen its grasp on the global…
Glo teams up with Lagos on food sufficiency through M-Agric

Glo deploys dedicated fibre to homes, businesses

Kazeem Ugbodaga

2 years ago

A statement from Globacom affirmed that “Residential Estates, High Rise Apartments, Commercial SME Estates now have a unique opportunity to…
Court orders fines Zenith Bank Plc N85m for freezing an account of its customer identified as Abhulimen & Co based on an invalid court order.

Zenith Bank grows total assets to N20.4bn

Kazeem Ugbodaga

2 years ago

Mr Michael Otu, the Company Secretary of Zenith Bank, said this in the bank’s audited results for the year ended…
ReelFruit champions sustainable manufacturing with support from FCMB

ReelFruit champions sustainable manufacturing with support from FCMB

Ademola Adegbamigbe

2 years ago

 First City Monument Bank (FCMB) has reaffirmed its commitment to sustainable manufacturing that minimizes negative environmental impact while conserving energy and…
CBN

CBN approves daily sales of $10,000 to 1,588 BDC operators

Ayorinde Oluokun

2 years ago

The Director, Trade and Exchange Department of the CBN, W.J Kanya said this in a letter addressed to the President,…
CIBN records N1.37bn profit

CIBN records N1.37bn profit, elects 23rd president

Isa Isawade

2 years ago

“I am particularly delighted that our institute continued to wax stronger financially, notwithstanding the economic downturns and headwinds in the…
Businessman Paul Onwuanibe says he is in talks with FG, Lagos govt to avoid demolition of his Landmark Beach Resort for coastal highway.

What we are doing to avoid demolition of Landmark Resort – Onwuanibe

Ayorinde Oluokun

2 years ago

The Lagos State Government had recently written and given the Landmark Group CEO seven-day notice of the demolition of the…
Transcorp Power Plc

Transcorp Power hits N142.1bn gross earnings in one year, declares dividend

Kazeem Ugbodaga

2 years ago

The company's profit before tax showed a similar impressive year-on-year growth, surging by 84.61% to N52.8 billion, from N28.6 billion…

Samy Riahni: From Humble Beginnings to Empowering Others

Taiwo Okanlawon

2 years ago

Samy enjoys the fruits of his hard work while living in Spain, where the sunny beaches and relaxed lifestyle reflect…
FCMB Asset Management Limited appears to have insights into ways to simplify the journey towards a comfortable retirement.

FCMB Asset Management Limited Holds Retirement Planning Webinar

Ademola Adegbamigbe

2 years ago

Investing towards the long term and retirement can seem daunting for most Nigerians. However, a member of FCMB Group Plc, FCMB Asset…
Software giant, Microsoft says Artificial Intelligence (AI) had the potential to contribute up to USD15.7 trillion to global economy by 2030.

Microsoft forecasts AI to generate USD15.7 trn to global economy by 2030

Ayorinde Oluokun

2 years ago

While emphasising the opportunities AI could bring to Africa, Watson said that of the USD15.7 trillion AI could generate, USD1.2…
The transformation has begun in Nigeria too, with more people recognizing the power of Bitcoin in driving economic growth

Navigating the Economic Landscape: Bitcoin – An Unprecedented Pathway to Financial Sovereignty

Ademola Adegbamigbe

2 years ago

A combination of breakthrough technology, convenience, and durability, Bitcoin has transcended the realms of a vivid imagination to become a…
Two women identified as Adeoti Folake and Adewuyi Modupe have been arrested in Lagos by operatives of EFCC while hawking naira notes.

Naira appreciates further at official market, gains 1.23%

Ayorinde Oluokun

2 years ago

This represents a 1.23 percent appreciation when compared to the previous day’s trading on Tuesday, exchanging at N1,278.58 to a…
African giant snail

How farmers can make profit from snail value chain – Experts

Isa Isawade

2 years ago

“Snail farmers need adequate training to understand the lifestyle of snails. Lack of understanding of snails made many farmers fail…

What poultry farmers should do to reduce mortality

Isa Isawade

2 years ago

“Farmers should read all vaccine instructions before administration and as well consult a veterinarian anytime there is a challenge in…
Cadbury Nigeria records N22.2 billion loss for the 2024 financial year, a one per cent decrease from its 2023 loss of N22.4 billion.

Cadbury Nigeria reports N19.09bn loss in 2023

Ayorinde Oluokun

2 years ago

Mrs Fola Akande, Company Secretary, Cadbury Nigeria plc stated in the report that the company’s Profit After Tax (PAT) for…
Geregu Power Plc approves payment of N20 billion dividend to its shareholders, the company said in the resolution of its 12th AGM) sent to NGX

Geregu Power approves N20bn total dividend for shareholders

Ayorinde Oluokun

2 years ago

Mr Akinleye Olagbende, General Counsel, Geregu Power, sad shareholders whose names appear in its register of members as of Feb.…
Court orders fines Zenith Bank Plc N85m for freezing an account of its customer identified as Abhulimen & Co based on an invalid court order.

Zenith Bank emerges Nigeria’s best bank

Kazeem Ugbodaga

2 years ago

Commenting on the award, the outgoing Group Managing Director/Chief Executive of Zenith Bank, Dr. Ebenezer Onyeagwu said: “This award serves…
Fidelity Bank denies claims by the Nigerian Data Protection Commission (NDPC) that it breached the data of some its customers

How Fidelity Bank, others are playing offshore to enhance revenue, mitigate domestic risks

Kazeem Ugbodaga

2 years ago

As banks brace themselves for the recapitalization exercise, it becomes evident that a heavy reliance on the domestic market for…
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