Business

CBN reopened the portal for MSMEs and households affected by COVID-19 to access up to N25 million The Central Bank of Nigeria (CBN), through NIRSAL Microfinance Bank, has…

Africa’s richest man is set to earn a mega dividend of N13 billion from Dangote Sugar Plc. Aliko Dangote, the founder of Africa’s most diversified manufacturing conglomerate, Dangote Industries Limited,…

The Nigerian Stock Exchange (NSE) has received final approvals from Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) and the…

The Central Bank of Nigeria (CBN) says it has financed 82 projects, valued at N85.89 billion through its Healthcare Sector Intervention Facility. The projects comprised 26…

Soothing news came the way of Nigeria-registered airlines and the media on Tuesday, as the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele and…

Nigeria-founded payments company Flutterwave has raised $170 million from investors to expand its customer base, pushing its valuation up to more than $1 billion. Founded in 2016 by Nigerians and headquartered in…

For the first time in four years, Nigeria’s trade position was negative in 2020 as COVID-19 pandemic crushed oil demand, sending the revenue of oil-exporting countries tumbling. Africa’s largest oil producer…

Customers of First City Monument Bank (FCMB) can now seamlessly carry out an array of transactions with just their fingerprints and Bank…

MTN Group has announced the appointment of Chika Ekeji, as Executive, Strategy and Transformation as part of plans to further bolster management capacity to accelerate the Group’s strategic ambitions. Effective March…

The Central Bank of Nigeria (CBN) has directed commercial banks to formally extend repayment of credit facilities given to cushion the COVID-19 pandemic. According to a circular tagged FPR/DIR/PUB/01/001 issued on March 3,…

Companies of United States of America (USA) origin operating in Nigeria invested a total of $3.75billion to expand their operations in the country in the last five years and plans to invest another $2.75 billion in the next…

There will be more money for the 2021 budget implementation as the crude oil price on Monday hit $71/ barrel which doubles the $30 benchmark. But the spike in crude oil price implies that Nigerians will pay more for a…

Alhaji Ibrahim Mai Deribe, the former Managing Director of Cavendish has refuted the misleading media reports about OML 110. According to Deribe, naturally, he…

The Central Bank of Nigeria (CBN) says N600 billion out of the N1 trillion COVID-19 intervention fund for manufacturers is still awaiting disbursement. CBN…

As the 2021 International Women’s Day (IWD21) calls on people and organisations to #choosetochallenge for a better world for women, Guaranty Trust Bank plc (GTBank) has…

Brent crude futures surged above $70 a barrel on Monday for the first time since the COVID-19 pandemic began. This followed reports of attacks on Saudi Arabian facilities.…

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, yesterday highlighted the benefits of the newly introduced “CBN Naira 4 Dollar Scheme,” an initiative aimed at incentivising senders and recipients of…

The Central Bank of Nigeria (CBN) has announced the introduction of “CBN Naira 4 Dollar Scheme”, an incentive for senders and recipients of international money transfers. The apex bank in a statement said all…

The Managing Director, Dala Inland Dry Port,  Alhaji Ahmed Rabiu, in Kano State, disclosed that the inland port will cost $27 million and would be completed fully in December. The inland port MD disclosed this on…

One Nigerian businessman who has recently found himself faced with a series of controversies is Barrister Jimoh Ibrahim. An astute investor with interests in the oil and gas, hospitality, aviation, banking, real…

The Central Bank of Nigeria (CBN) says 3.8 million farmers have so far benefited from its Anchor Borrowers’ Programme (ABP). Mr Yila Yusuf, Director, Development Finance Department of the apex bank, made this known in an…

The Board of Directors of FCMB Group Plc has announced the retirement of Mr. Peter Obaseki, the Chief Operating Officer of the financial institution, with…

The price of Brent crude, against which Nigeria’s crude oil is priced, has risen to $68.03 per barrel following the decision of the Organisation of Petroleum Exporting Countries (OPEC) to leave production quotas unchanged.…

First City Monument Bank said it has introduced paperless and card-less transactions at branches, ATMs and PoS terminals. In a statement on Wednesday, it said its…