Nigeria eyes $30bn from debut forex bond
Nigeria is getting ready to borrow money from international investors by selling its first foreign currency bond. The country hopes…
Author: ayotilewa
Segun Alebiosun to serve as acting CEO of First Bank
Segun Alebiosun, currently the Executive Director and Chief Risk Officer, is likely to become the acting Managing Director and Chief…
Stable Naira appreciation expected to ease Inflation
Analysts predict that the recent stability in Nigeria’s foreign exchange market, along with the strengthening of the naira, will help…
Dangote diesel supply to displace European imports
BusinessDay’s investigation reveals that the Dangote oil refinery’s diesel supply is set to replace the importation of the product from…
10 Of 39 MDAs scored above 50% in business facilitation — PEBEC
The Presidential Enabling Business Environment Council (PEBEC) has revealed that only 10 out of 39 government Ministries, Departments, and Agencies…
FG expects $2.2 billion World Bank loan and AfDB budget
The Federal Government of Nigeria anticipates receiving a $2.2 billion single-digit interest loan from the World Bank and additional budget…
Transcorp hotel reports 36.2% revenue growth
Transcorp Hotel Plc has revealed a notable increase of 36.2% in its revenue for the year 2023. During a presentation…
Dana Air introduces health initiatives for staff and customers
Dana Air, a prominent Nigerian airline plans to host health talks and screenings for staff and regular customers, scheduled to…
Massive banking stocks sell-off persists
The banking sector witnessed a significant sell-off last week ahead of the Central Bank of Nigeria’s (CBN) recapitalization exercise, resulting…
FG to commercialize FMBN to enhance housing delivery
The Federal Government says it is reviewing loans and projects estimated at $500m executed by the Nigerian Content Development and…
FG reviews $500 million loans and projects by NCDMB
The Federal Government is conducting a review of loans and projects totaling $500 million executed by the Nigerian Content Development…
Aviation threatens strike over aviation agencies’ revenue deduction
The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) has issued a threat of industrial action if the Federal…
Afriland Properties records 34% increase in profit
Afriland Properties Plc, a property management, investment, and development company, has reported a profit before tax of N2.41 billion for…
Sub-Saharan Africa incomes falling further behind rest of world, says IMF
The International Monetary Fund (IMF) has highlighted that incomes in Sub-Saharan Africa are falling further behind the rest of the…
Risk sensitive South African rand weakens as geopolitical tensions bite
South Africa’s rand experienced volatility in early Friday trading following reports of an Israeli attack on Iran, which dampened risk…
Ghana deal with bondholders ‘a matter of time’, says IMF official
An IMF official stated that Ghana reaching a restructuring agreement with holders of its international bonds is more a matter…
Report shows FG may criminalise fiber cable damage -Report
Nigeria is taking steps to make it a crime to damage broadband fiber cables following complaints from major telecommunications companies…
SEC vows to block illicit funds in capital market
The Securities and Exchange Commission (SEC) is taking a firm stance against the influx of illicit funds into the capital…
Banks set for aggressive dividend payouts- Report
A report by Ernst and Young Global Limited (EY) suggests that Nigerian banks are gearing up for robust dividend payouts…
Nigeria issues N8 trillion in securities to boost economy- Minister
Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, revealed that the fiscal authority has collaborated with…
Rising unemployment make Nigerians tap into pension savings
As unemployment rates climb in Nigeria, pension savings have become a vital source of immediate financial support for many individuals,…
Binance collaborates with gov over detention of executives
The Economic and Financial Crimes Commission (EFCC) of Nigeria is prosecuting Binance for alleged money laundering totaling over $35 million.…
Ecobank repays $500 million eurobond
Ayo Adepoju, Group Chief Financial Officer of ETI, highlighted that the Eurobond, issued in April 2019, received positive reception from…
Paddy prices begin to decline
Over the past three years, the cost of paddy ranged from N9,000 to N20,000 per 100kg bag, influenced by factors…
Google fires 28 employees after protest over Israeli contract
Google has terminated the employment of 28 employees following a sit-down protest organized by the group “No Tech for Apartheid”…
Dangote Refinery utilizes cheaper US oil imports- reports
The Dangote Petroleum Refinery, with a capacity of 650,000 barrels per day, is capitalizing on cheaper oil imports from the…
Reps urges SEC and FRC to resolve N45 Billion revenue dispute
The House of Representatives Public Accounts Committee has instructed the Securities and Exchange Commission (SEC) and the Fiscal Responsibility Commission…
CBN tightens monetary policy, limits banks’ ability to lend
In Nigeria, the Central Bank (CBN) is taking steps to control inflation by tightening its monetary policy, but it’s having…
Access bank to reward 15,786 customers in DiamondXtra campaign
Access Bank has unveiled its Season 16 DiamondXtra campaign, aiming to reward its loyal customers with exciting prizes. The bank…
Tinubu applauds Dangote Group for diesel price reduction
President Bola Tinubu has praised Dangote Oil and Gas Limited for slashing the price of Automotive Gas Oil (diesel), which…