Business
$824bn Loans Slowing Africa’s Growth—AFDB President
The President of the African Development Bank, Mr. Akinwumi Adesina, has said that non-transparent resource-backed loans that tend to complicate debt resolution are undermining...
Naira Relapses, Drops to N1,234/$ at Official Market
The Naira has declined against the US dollar after dropping to N1,234/$ at the official foreign exchange market on Monday, according to data obtained...
FCCPC Initiates Price Display Enforcement Campaign in Abuja
The Federal Competition and Consumer Protection Commission (FCCPC) has launched a campaign to ensure adherence to price display and quantity compliance regulations at supermarkets...
CBN Bans Foreign Currency Collaterals for Naira Loans
The Central Bank of Nigeria (CBN) has banned the use of foreign currency-denominated collaterals for Naira loans.
In a letter addressed to all banks and...
Increase in Price Of Aviation Fuel Threatens Domestic Operations
The Airline Operators of Nigeria (AON) have sounded the alarm over the escalating cost of Jet A-1 aviation fuel, highlighting its dire impact on...
Advocacy for Industrial Policy Laws to Lower Import Costs in Nigeria
A coalition of stakeholders in Nigeria's broadcast sector is advocating for legislative changes aimed at fostering the growth of domestic manufacturing capabilities. This initiative...
Nigeria-Qatar Relations Strengthened with Seven New Agreements During President Tinubu’s State Visit
Nigeria and Qatar have solidified their bilateral ties with the signing of seven significant agreements across various sectors. These agreements, aimed at enhancing cooperation...
Aigboje Aig-Imoukhuede Returns to Lead Access Holdings as Non-Executive Chairman
Access Holdings Plc has announced the return of Aigboje Aig-Imoukhuede as its Non-Executive Chairman, replacing Abubakar Jimoh. Jimoh will continue to serve on the...
CBN Announces Revised Minimum Capital Requirements for Banks, Sets 24-Month Recapitalization Deadline
The Central Bank of Nigeria - CBN has announced new minimum capital requirements for banks, aimed at bolstering their resilience and capacity to support...
Akwa Ibom Government Launch Free Food voucher, Donates 1.5b to Traders
Akwa Ibom State Governor, Pastor Umo Eno, has launched the Free Food Voucher Programme for the vulnerable and the neediest at the popular Itam...
Binance, Others Face Billion-Dollar Fines in Nigeria Over Alleged Currency Manipulation
Per THISDAY, Nigeria’s Securities and Exchange Commission (SEC) may impose massive fines amounting to billions of dollars on big crypto giant, Binance, and other...
We’re not Responsible for Hike in Food Prices – Dangote Group
An Executive Director of the Dangote Group of Companies, Hajiya Fatima Aliko Dangote, has explained that the Dangote Group of Companies is not responsible...
Federal Government Takes Action To Curb Cooking Gas Scarcity, Halts Export Of Product
The federal government says it has stopped the exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas, to reduce the scarcity and...
Akwa Ibom Government Restates Commitment to Tech Development, Receives Two Africa Submarine Fibre Optic Cable
Akwa Ibom State Government has received African Submarine Optical Cable with a commitment to develop the technology sector.
Governor Umo Eno, who received the Submarine...
