The Naira recovered marginally on Friday, appreciating slightly against the United States dollar. The domestic currency…
Category: Business/Economy
CBN debunks rumoured plan to convert N30bn in domiciliary accounts to Naira
The Central Bank of Nigeria (CBN) has debunked rumours that it plans to forcefully convert $30…
FG raises committee to address nationwide drop in electricity supply
The Minister of Power, Adebayo Adelabu, on Friday, disclosed that the Federal government has set up…
NGX: Equities market closes week with N898bn profit
Investors in the Nigerian equities market gained N898 billion amid the strong performance of Transcorp, Neimeth,…
CBN sets $1m minimum capital for IMTOs
Central Bank of Nigeria (CBN) has fixed $1million as the minimum share capital requirement for International…
Zenith Bank, Ibom Air, Airbus seal deal for new A220 aircraft
Zenith Bank has joined hands with Ibom Air and Airbus to mark the successful closure of commercial financing…
Naira gains after CBN removes IMTOS FX cap
The Naira, on Thursday, showed signs of recovery from previous losses against the United States dollar…
Lagos completes Red Line Rail, schedules Tinubu to flag off commercial operation
Lagos State governor, Babajide Sanwo-Olu, has announced that the Red Line Rail project covering Agbado to…
NGX: GTCO, NASCON, Caverton others lead market recovery as investors reap N902bn
A strong performance by the Guarantee Trust Holding Company (GTCO), Caverton, NASCON and others propelled the…
World Bank rates 71% of Nigerians as extremely poor
No fewer than 70.92 million Nigerians are in extreme poverty, according to the World Poverty Clock.…