Business & Economy

Inflation: Naira further devalued to 410/Dollar

Inflation: Naira further devalued to 410/Dollar

The Central Bank of Nigeria officially devalued the naira to 410.25/$ after the country’s currency defied all interventions to retain…

4 weeks ago
First Bank ordered to recover Honeywell Flour Mills loans

First Bank ordered to recover Honeywell Flour Mills loans

The Central Bank of Nigeria (CBN) has turned down First Bank of Nigeria’s (FBN’s) loan restructuring for Honeywell Flour Mills…

2 months ago
CBN explains N6.98 USSD Transaction deduction

CBN explains N6.98 USSD Transaction deduction

The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have introduced new charges for customers for the…

3 months ago
Ngozi Okonjo-Iweala resumes as World Trade Organization DG

Ngozi Okonjo-Iweala resumes as World Trade Organization DG

Ngozi Okonjo-Iweala takes over the World Trade Organization on Monday amid hopes that she will spur the beleaguered body into…

4 months ago
We take loans to move Nigeria forward – Finance Minister

We take loans to move Nigeria forward – Finance Minister

The Federal Government will not make progress unless it borrows more to fund critical infrastructure in the country, the Minister…

4 months ago
Naira may depreciate to 470 against the dollar

Naira may depreciate to 470 against the dollar

The naira will weaken in the parallel market and likely depreciate to 470 against the dollar in 2021, if oil…

5 months ago
Zenith Bank adjudged ‘Most Valuable Banking Brand’ in Nigeria

Zenith Bank adjudged ‘Most Valuable Banking Brand’ in Nigeria

Zenith Bank Plc has again emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500…

5 months ago

Tony Elumelu’s Heirs Holdings acquires 45% OML 17 from Shell for $1.1billion

Heirs Holdings (HH) an affiliate of Transnational Corporation of Nigeria Plc (Transcorp) has acquired 45 per cent participating interest in…

5 months ago
Elon Musk, Tesla CEO, is the richest person in the world

Elon Musk, Tesla CEO, is the richest person in the world

Just a handful of weeks after overtaking Microsoft co-founder Bill Gates as the second-wealthiest person alive, Tesla and SpaceX CEO…

6 months ago

Naira will depreciate further in January 2021 – CBN

Barely five days to the end of the year 2020, the Central Bank of Nigeria has disclosed that a survey…

6 months ago