Currency Local Naira Depreciates Further, Exceeds N1,600 to a Dollar August 1, 2024 Ekemini Uba The naira has fallen to over N1,600 per US dollar at the official rate, with the dollar closing at N1,608.73 on the Nigerian Autonomous Foreign Exchange Market (NAFEM). This is…
Business Local Fitch revises Benue outlooks to positive August 1, 2024 Ekemini Uba Fitch Ratings has upgraded Benue State’s Long-Term Issuer Default Rating (IDR) outlook from Stable to Positive, while affirming the IDR at “B-”. The National Long-Term Rating has also been revised…
Business Local Aminu Umar appointed 1st African director on the board of International Chamber of Shipping August 1, 2024 Ekemini Uba Aminu Umar, President of the Nigerian Chamber of Shipping, has been appointed as the first African director on the board of the International Chamber of Shipping (ICS). This milestone is…
Business Local Otedola announces support for windfall tax, urges banks to curb private jet expenses August 1, 2024 Ekemini Uba Femi Otedola, Chairman of FBN Holdings, has announced his support for the windfall tax. He highlighted its role in ensuring fair wealth distribution. He also urged banks to cut back…
