Business

The naira exchanged to the dollar for between N372 and N374 at the Bureau De Change segment of the market on Thursday. The naira had recently suffered some beating due to the impact of the…

Nigerian stocks fell 2.94% on Thursday to their lowest level in more than eight years as the number of coronavirus cases in the West African nation rose. Nigeria on Wednesday recorded eight confirmed coronavirus cases. On Thursday…

Guaranty Trust Bank Plc has announced the launch of Beta Health, a low-cost health financing product that offers instant access to health insurance for every Nigerian. The first of its kind…

South Africa’s rand weakened on Wednesday amid mounting fears over the fallout from the coronavirus crisis, while investors awaited consumer price inflation and retail sales data to gauge the health of an already battered…

Two days after it unveiled a six-point palliative to ameliorate the continued impact of the corona virus on the Nigerian economy and supply chains round the globe, the Central Bank…

U.S. President Donald Trump announced a plan on Tuesday to send as much as $1000 to Americans immediately to ease the economic shock from the coronavirus crisis. Treasury Secretary…

Airlines are no longer able to comply with current rules on refunds for cancelled or late flights as the coronavirus pandemic hits the aviation industry. The International Air Transport…

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has said that N50 billion has been earmarked to support families and businesses affected by the impact of the novel coronavirus in the country. Speaking to journalists in…

Shareholders of Zenith Bank Plc on Monday at the 29th Annual General Meeting of the Bank held at the Shehu Musa Yaradua Centre, Abuja unanimously approved the proposed final dividend…

Age they say is nothing but a number but not when you are 126 and still relevant. FirstBank Ltd, Nigeria’s oldest bank has in so many ways stood the test of time. Thus, if…

Amazon.com Inc said it would hire 100,000 warehouse and delivery workers in the United States to deal with a surge in online orders, as many consumers have turned to the web to meet their…

The Central Bank of Nigeria (CBN) has directed all deposit money banks in the country to restructure loan terms and tenors to households and businesses affected by the…

First Bank Plc may have opened merger talks with some other Nigerian and foreign banks ahead of the banking industry recapitalisation plan of the Central Bank of Nigeria. The bank said similar to other Nigerian banks, it would…

Zenith Bank has sent a notice to its customers that their naira cards now have an international withdrawal limit of $1,000 a month. The bank also said daily limits for withdrawals outside Nigeria have…

The naira regained strength against the dollar on Yesterday to exchange at N370/$. This is compared to the N400/$ traded on Thursday and N375/$ traded on Wednesday. TheCable had reported that there was…

Along the river Beas in North India sits a sprawling spiritual commune that’s somewhere between a traditional ashram and a Florida gated community. There’s a grand meeting hall with tiered spires and pearl domes, but also tract housing and…

Zenith Bank Plc has reportedly been given the green light to merge or acquire Union Bank Nigeria Plc. Nairametrics got wind of this from a reliable source. We…

The naira traded between N364 and N380 to a dollar on Friday at the Bureau De Change segment of the market, recording an improvement over its previous exchange rates earlier in the week. On Thursday, the naira exchanged between…

Microsoft co-founder Bill Gates is stepping down from the company's board to spend more time on philanthropic activities. He says he wants to focus on global health…

The Central Bank of Nigeria (CBN) is coming hard on Bureau De Change (BDC) operators over various infractions in the foreign exchange market. Over 100 BDC operators were fined N5 million…

The Central Bank of Nigeria (CBN) says market fundamentals do not support Naira devaluation this time around. The CBN made this known in a statement by the bank’s Director, Corporate Communications, Mr Isaac Okorafor in Abuja on…

These are not the best of times for Oba Fredrick Akinruntan, the Olugbo Of Ùgbó Kingdom in Ilaje, Ondo State, as the High Court of the Federal Capital Territory (FCT), Jabi, Abuja, will on…

The federal government says the old 5% value-added tax (VAT) should be used for contracts signed before February 1. Garba Shehu, senior special assistant, media and publicity to the president, told journalists in Abuja on Wednesday…

Bureaux de Change operators in the country have begun to experience dollar scarcity as market speculators have begun to stock up their dollar reserves. Checks by TheCable on Wednesday showed that…