Money
29 Jun 2023
Real estate entrepreneur, investor, philanthropist, and the Chairman and Group Chief Executive Officer of Prince Luxury Group Omoha Nduka John, fondly known as Prince Omoha has described President Bola Tiunubu's one-month in office as hugely successful, particularly praising the administration’s decision to eliminate the multiple foreign exchange rates and introduced a unified exchange rate in…
19 Jun 2023
The National Insurance Commission (NAICOM) has revealed plans to lead deliberations at the 2023 National Confab on ‘Building Local Content Synergy between the Insurance Industry and Oil and Gas Sector.’
19 Jun 2023
Inter switch has partnered with Equity Bank, one of the top Banking Groups in East Africa, to provide the bank’s customers with faster and more affordable banking services at over 650 Interswitch-enabled ATMs belonging to 17 local banks in Uganda
22 May 2023
Nigeria is witnessing a rise in forex trading adoption, driven by the country's high youth unemployment rate. Many Nigerians are exploring forex trading as an opportunity to earn a living, even though it is considered a high-risk venture. However, traders in Nigeria, particularly beginners, face increased risks of financial loss due to scams prevalent in…
27 Apr 2023
Experts said the collapse of Silicon Valley Bank (SVB) has necessitated the need for stronger regulation and supervision to achieve a sound, stable and healthy financial system.
13 hours ago
A foreign investor at TLG Capitals, Isaac Marshall, has attributed the naira gain to the decision of the Central Bank of Nigeria (CBN) to clear the FX backlog. Nigeria's foreign exchange (FX) reserves have fallen to a six-year low, Marshall said in a statement on his LinkedIn account on Thursday. He stated that this decline…
20 hours ago
Stakeholders in the insurance and pension industry have called on operators in the sectors to adopt artificial intelligence (AI) to drive business expansion in the country.
20 hours ago
Though it does not have the power to regulate prices, the Federal Competition and Consumer Protection Commission (FCCPC) will deploy an existing legal framework to enforce fair competition and consumer protection provisions to achieve fair prices of commodities.
20 hours ago
Inflation in Nigeria is reaching its peak now and will decelerate toward the middle of the year, Director-General of the Budget Office of the Federation, Ben Akabueze, has said.
20 hours ago
Nigerian Breweries (NB) Plc has disclosed that the proposed N600 billion recapitalisation scheme by way of rights issue would settle N153 billion outstanding foreign exchange (FX) losses and part of its local bank debt facility.
20 hours ago
The International Renewable Energy Agency (IRENA) is seeking a new approach to energy security amidst geopolitical concerns and a push from fossil fuels.
20 hours ago
The Chartered Institute of Bankers of Nigeria (CIBN) 2024 yearly lecture, slated to take place on April 23, at the Civic Center, Victoria Island, Lagos, has its theme as "Improving Availability of Credit in the Nigerian Real Economy: The Critical Importance of Liquidity."
20 hours ago
The International Agro Original Equipment Manufacturers (OEM) has called for the exemption of all agriculture equipment from all forms of taxes, import duties, Value Added Tax and other levies for at least two years to enable Nigeria to become self-sufficient in food production.
20 hours ago
The Organised Private Sector (OPSN), comprising top Business Membership Organisations (BMOs), has warned that over 65 per cent of private businesses, especially manufacturing concerns and SMEs, may be forced to close down due to the over 200 per cent hike in electricity tariff. The BMOs, comprising the Manufacturers Association of Nigeria (MAN), National Association of…
20 hours ago
Wema Bank has launched an anti-fraud campaign to protect its customers and other Nigerians against fraudulent activities perpetrated by some wallet accounts and fintech partners.