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SIX YEARS ON: DANGOTE STILL “MOST ADMIRED BRAND” IN AFRICA
…2nd in Sustainability brand in Africa among top 100 brands For the sixth consecutive year, the Dangote brand has been…
Explainer: Who collected over N11 trillion Buhari spent on petrol subsidy?
The Nigerian Labour Congress and the Trade Union Congress, are calling on members to embark on a nationwide strike on Wednesday to, among other things, force the government to rescind the decision to remove fuel…
NNPC to end oil swap contracts, embrace cash payments for petrol imports
The Nigerian National Petroleum Company Limited (NNPC) is winding down crude oil swap contracts with traders and will pay cash for petrol imports as private companies could begin importing petrol as soon as this…
Wema Bank appoints new Chairman
The Board of Directors of Wema Bank has appointed Dr. (Mrs.) Oluwayemisi Olorunshola as its new Board Chairman, while assuring of improved…
Tell The Truth, Naira Has Been Devalued – Importers tell CBN
Importers have condemned the Central Bank of Nigeria (CBN)’s over its denial that the Naira has been devalued. In an interview with BusinessDay, an importer, who craved anonymity, asked the CBN to be truthful.…
Why President Tinubu’s plan to unify the naira will be a long, arduous process
Contrary to the concerns of some business people that there may be immediate action on unifying Nigeria’s exchange rate following President Bola Tinubu’s inauguration address, some economic experts told Nairametrics…
Naira falls after CBN denies devaluation
Naira on Thursday depreciated by 1.32 percent at the parallel market after the Central Bank of Nigeria (CBN) denied a report on currency devaluation. Africa’s largest economy’s currency recorded N8 gain in the morning on…
Subsidy removal spoils West Africa’s stolen petrol market
A comparative analysis of the newly reviewed petrol prices in Nigeria after subsidy is removed with those of its West African…
Devaluation: ‘We Stand By Our Story’ – Daily Trust Replies CBN
Nigeria’s leading newspaper, Daily Trust, has replied the Central Bank of Nigeria (CBN) over the cover page story of Thursday, June 1, 2023. The newspaper had reported how the apex bank devalued the Naira to N631…
JUST IN: Elon Musk Regains Spot as World’s Richest Man [LIST]
Elon Musk has reclaimed his position as the world’s richest person, surpassing French business magnate Bernard Arnault. POLITICS NIGERIA reports…
Tokunbo vehicles’ prices jump by 100% over duty hike
The prices of imported used cars have spiked by 100 per cent in the last year, on the back of a tariff hike by the Nigeria Customs Service in 2022, findings by the PUNCH have shown. that When our correspondent…
First Bank in legal battle over missing N448 million jewellery stored in their vaults
Justina Eze, a former ambassador to Guinea Bissau and Cape Verde, has sued First Bank over the bank’s inability to account for the whereabouts of her safe deposit box containing exotic jewellery worth hundreds…
Airlines admit CBN defrayed nearly $700 million foreign carriers’ funds
Some top officials of foreign airlines operating to Nigeria have disclosed that the Central Bank of Nigeria (CBN) has defrayed…
CBN Devalues Naira To 630/$1
The Central Bank of Nigeria (CBN) has devalued the Naira to N631 to the dollar from N461.6 it sold at the…
Uber’s vehicle-financing partner is impounding drivers’ cars in Nigeria
Uber driver Adams Ikemu Adakole diligently paid the daily installments on his car loan from Nigerian vehicle-financing firm Moove for three months. But in February 2023, his work came to a standstill due to fuel…
UBA strengthens alumni network
United Bank for Africa Plc has revamped the UBA Alumni Network Programme, aimed at fostering stronger connections and providing exclusive benefits to its esteemed former employees. According to the statement…
Nvidia Set To Become First US Chipmaker Valued At Over $1 Trillion
Nvidia Corp (NVDA.O) is close to breaching $1 trillion in market capitalization, making it the first U.S. chipmaker to join the trillion-dollar club. The gaming and AI chip company, whose shares rose 3.8% in…
Fidelity Bank MD, Nneka Onyeali-Ikpe Gets National Award
Chief Executive Officer of Fidelity Bank PLC, Nneka Onyeali-Ikpe, has been listed amongst the recipients of the 2023 national awards. According to the 2023 national…
Big banks strike back with own fintechs
Squad, a payment platform launched by HabariPay, the fintech subsidiary of Guaranty Trust Holding Company Plc…
NASCON RECORDS 84% INCREASE IN PROFIT
…Shareholders commend dividend payment. NASCON Allied Industries Plc have recorded impressive growth in all performance indicators in the year ended December 31, 2022, with…
Nigerian billionaires rake in N506 billion as dividends in FY 2022
Over the years, Nigerian companies across various sectors, such as banking, telecommunications, oil and gas, consumer goods, and more, have demonstrated resilience in paying dividends to their shareholders. A…
Relief as FCMB Eliminates Insufficient Airtime Constraints for Customers
First City Monument Bank (FCMB) has introduced a unique product, the FCMB Airtime Advance, to enable customers to borrow between N200 and N5,000 directly from their…
Debt Ceiling: Fitch to downgrade U.S. credit rating amid negative watch
The United States’ credit rating has been placed on negative watch by Fitch Ratings for a possible downgrade due to the uncertainty surrounding the nation’s ongoing debt ceiling debate. Though no agreement has been…
Refinery: We’ll ask Dangote to sell forex at good rate — Emefiele
With the Dangote Refinery set to deliver its first products in July, the governor of the Central Bank of Nigeria, CBN, Mr Godwin Emefiele, said yesterday…