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CBN plans fresh battle against forex speculators as naira slides
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the apex bank remains resolute in its commitment to maintaining order in the country’s foreign exchange market by identifying and eliminating bad…
Wema Bank shakes up Women’s month with ₦11M cash splash for 131 Women
Wema Bank has reaffirmed its commitment to women’s empowerment by disbursing a staggering ₦11,000,000 to 131 women across Nigeria. This remarkable gesture took centre stage during the Women’s Month edition of…
We’re Making Progress In Stabilising FX Market, Curbing Inflation – CBN
The Central Bank of Nigeria (CBN) is beginning to see signs of progress in stabilising the foreign exchange (FX) market and curbing inflation, as recent policy reforms start to yield results. Olayemi Cardoso,…
Dangote Donates 25,000 Bags of Rice In Kwara
The Aliko Dangote Foundation (ADF) has extended its Food Intervention Programme to Kwara State with 25,000 bags of 10kg rice set to be distributed…
Dangote Spreads Generosity to Katsina, Donates 35,000 Bags of Rice
The Aliko Dangote Foundation has donated 35,000 bags of rice to the poor and vulnerable people of Katsina State. This is coming two weeks after it…
What CBN did to Oceanic bank and Cecilia
The appointment of a new Governor of the Central Bank of Nigeria (CBN) under President Umaru Musa Yar’Adua marked the beginning of turbulent times for many of us in the banking industry. With his radical reforms, the…
Oceanic Bank: Our story – Cecilia Ibru
Last Saturday, March 22, 2025, was the 79th birthday of Dr. (Mrs.) Cecilia Ibru, Nigeria’s first female bank MD/CEO. To mark the birthday, she released two books, one titled “Cecilia: The autobiography of…
Tesla’s EU sales fall 49% in first two months of 2025
European sales of Tesla electric cars dropped 49 percent in January-February compared with the same period a year earlier, the ACEA manufacturers’ association said Tuesday. Ageing models are one factor…
Demand For Fx Rises As Naira’s Depreciation Continues
The depreciation of the local currency against the dollar continued yesterday as the naira exchanged for 1,540.57 at the official market, checks by Daily Trust indicated. This is coming against the backdrop of…
Samsung Electronics’ co-CEO, Han Jong-Hee dies at 63
Samsung Electronics co-Chief Executive Officer, Han Jong-Hee, at the age of 63, died on Tuesday after suffering a cardiac arrest. According to a Bloomberg report, the company’s spokesperson confirmed on Tuesday…
Zimbabwean billionaire, Masiyiwa says idea to build Africa’s 1st AI factory inspired by Dangote,…
Zimbabwean billionaire and founder of Cassava Technologies, Strive Masiyiwa, who just announced a partnership with Nvidia to launch Project Mufungi, Africa’s first AI factory, has said the idea was inspired by…
Elumelu to pocket over N7bn in UBA dividends
...As Bank proposes N3 final dividend …Full year profit rises to N766.568bn Tony Elumelu, chairman of United Bank for Africa Plc,…
Dangote refinery, others may import $1.4bn crude monthly
The Dangote Petroleum Refinery and some modular refineries in Nigeria may spend about $8.56bn to import an estimated 122,400,000 barrels of crude oil to achieve full operational capacity in six months, The PUNCH…
Fidelity Bank Equips Entrepreneurs For Global Trade Success
Tier-one lender, Fidelity Bank Plc, has hosted a training program for entrepreneurs interested…
Banks borrow N9.2tr from CBN to fund operations
Nigerian Deposit Money banks accessed more than N9 trillion to fund operations as the liquidity shortage bit last week. The financial system came under liquidity pressures in the absence of significant inflows…
Fed Govt subsidises electricity with N471.69b
The Federal Government subsidized electricity with N471.69 billion in the fourth quarter of 2024 (Q4 2024), according to the Nigerian Electricity Regulatory Commission (NERC). It represented 57 per cent of the…
US jet fuel imports surge as Nigeria’s Dangote refinery pushes barrels west
U.S. jet fuel imports are set to hit a two-year high in March after Nigeria's Dangote refinery pushed barrels to North America, which…
VIDEO: How I Cope With Olu Of Warri’s Steeze — Queen
Olori Ivie Atuwatse III, the queen of the Olu of Warri, His Majesty, Ogiame Atuwatse III, says she found a way to manage her husband’s distinctive and impressive style of doing things. “We’ve been able…
China carmaker BYD beats Elon Musk’s Tesla in annual revenue
Chinese carmaker BYD saw a surge in revenue last year, a stock filing showed Monday, surpassing the $100 billion mark and…
Tussle for 9Mobile shares ownership gets messier, bank seeks to join suit
The ongoing dispute over the ownership and control of Emerging Markets Telecommunication Service, EMTS, which is the…
Rivers crisis: How the Fubara-Wike feud threatens Nigeria’s economy
Nigeria’s fragile economic recovery now faces an unexpected threat. Not from global headwinds or weak oil…
Inflation: Manufacturers record 90.6% rise in cost of sales
Nigeria’s manufacturers are counting their losses to the drastic macroeconomic changes being executed by the Federal Government, FG. A key element of the difficulties has shown up in cost of sales with leading…
Group criticises Multichoice over discriminatory pay TV charges in Nigeria, South Africa
Save the Consumers, a Nigeria-based Non-Governmental Organisation, has condemned the recent 21 per cent price increase imposed…
Here’s why Money Market Fund is good despite declining rates
Despite declining inflation rates which have led to a drop in rates of most money market instruments, many analysts recommend Money Market Funds as a good buy for investors.…