BUSINESS
Naira Hits All-time Low Of N1,043.09/$ At Official Market
Naira on Wednesday hit a record low of N1,043.09 per dollar, following strong demand for the greenback amid dollar shortage at the official foreign exchange (FX) market. After trading on We ...
NGX Group Names Temi Popoola As GMD/CEO Designate, Chiemeka As Acting CEO Of NGX
Ahead of the retirement of Mr Oscar Onyema as the GMD/CEO of Nigerian Exchange Group Plc, the Board of Directors has announced the appointment of Mr Temi Popoola as the GMD/CEO designate, effectiv ...
CAC Extends Deadline For Company Annual Returns By 4 Months
The Corporate Affairs Commission (CAC) has pushed back the deadline for imposing penalties on companies that have not submitted their annual returns. The initial deadline of January 1, 2024, has b ...
BREAKING: NGX Group Names Temi Popoola As GMD/CEO Designate, Chiemeka As Acting CEO Of NGX
Ahead of the retirement of Mr Oscar Onyema as the GMD/CEO of Nigerian Exchange Group Plc, the Board of Directors has announced the appointment of Mr Temi Popoola as the GMD/CEO designate, effectiv ...
Stock Market Recovers, Gains N402bn
The local stock market bounced back yesterday, paring previous session losses, as the market capitalisation surged N402 billion on investors interests in MTN Nigeria Communications (MTNN) Plc and ...
Nigerias February Crude Export May Dip Despite Plan To Boost Production
Nigerias Crude Export for February is expected to see marginal decline according to data. Exports of four main Nigerian crude oil grades in February are set to average about 657,000 barrels ...
See you in 2024
Bonjour, Here's what I've got for you today: 4 stories you missed this week Some interesting stories in 2023... 4 stories you ...
Making Money With Referral Programmes
Referral, partner and affiliate programs are a great way for marketers to make a little extra cash or even a living. In fact, affiliate marketers earn an average of $51,639 per year. These progra ...
$110m Fine: Disclose Violations By BAT Nigeria, CAPPA Tells FCCPC
The Corporate Accountability and Public Participation Africa (CAPPA) has urged the Federal Competition and Consumer Protection Commission (FCCPC) to disclose the violations committed by British Am ...
10 Millionaires, 2,300 Cash Prize Winners Emerge In FCMB Promo
Four customers of First City Monument Bank (FCMB) became instant millionaires at the final draws of Millionaire Promo Season 9, taking the number of millionaires to 10 in total. They each w ...
FCCPC Slams British American Tobacco $110m Fine For Violations
The Federal Competition and Consumer Protection Commission (FCCPC) has fined British American Tobacco (BAT) Nigeria and its affiliated companies $110 million for multiple violations of the FCCPC A ...
Seplat Energy Wins LaPRIGAs Reputable Brand Of The Year
Seplat Energy Plc, a leading Nigerian independent energy company listed on the Nigerian Exchange Limited and the London Stock Exchange, has been named Reputable Brand of the Year at the Lagos PR I ...
Federal Govt, BoI To Disburse N75bn Loans To MSMEs In 2024
In an effort to fortify the Micro, Small and Medium Enterprises (MSMEs) sector, the Office of the Vice-President has teamed up with the Bank of Industry (BOI) to initiate the distribution of loans ...
2023: Nigerias Economic Odyssey – Challenges, Opportunities Seized
In this article, MARK ITSIBOR analyses Nigerias finance/economic sector with a particular focus on the efforts of the authorities to navigate the micro and macro challenges to embrace opportun ...
Naira: Nigerias external reserves shed $4.28bn in 2023
Nigerias external reserves have dropped by 11.55 per cent ($4.28 billion) year-to-date as the naira steadily fluctuates against the dollar in 2023. Data from the Cen ...
Lafarge Africa Unveils Transformative CSR Projects
In marking its 2023 Community Day, Lafarge Africa Plc has launched a series of impactful Corporate Social Responsibility (CSR) projects across its operational hubs in Ashaka, Gombe State, Mfamosin ...
US holiday sales growth estimated at 3.1%: Mastercard
US holiday sales grew 3.1 percent from last year's, according to Mastercard SpendingPulse. Photo: Yuki IWAMURA / AFP/FileSource: AFPP ...
MTNN Wins NGX Most Compliant Listed Company Award
MTN Nigeria Communications (MTNN) has retained the title of the most compliant listed company at the Nigerian Exchange Limited (NGX) Made of Africa Awards. The NGX Made of Africa Award reco ...
Union Bank: Again, CBN Investigator Invites Titan Trust Bank Officials
The special investigator appointed by President Bola Tinubu to probe the activities of the Central Bank of Nigeria (CBN), Jim Obazee, has once again invited three top officials of Titan Trust Bank ...
IHS Nigeria Bags 2023 SERA Awards
IHS Nigeria, part of the IHS Holding Limited (NYSE: IHS) (“IHS Towers”) group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world ...
NPAN To Adjust Newspaper Cover Price January 2
The Newspaper Proprietors Association of Nigeria (NPAN) has disclosed that starting from January 2, 2024, members of the association would implement changes in the cover prices of their n ...
Plateau High Court Orders Sale Of CBN Property Over N12.2m Debt
A Plateau State High Court sitting in Jos has ordered seizure of a property belonging to the Jos branch of the Central Bank of Nigeria, (CBN). According to the seizure notice signed by the ...
Yuletide: UBA rewards loyalty, gifts 74 customers over N36m in Super Savers Draw
In line with its usual custom of rewarding loyalty especially during the yuletide season, Africas Global Bank – United Bank for Africa (UBA) Plc- has rewarded its loyal customers in the just concl ...
Forex: Nigerian government gains N1.4trn revenue in 6 months
Nigerias foreign exchange reform in June increased the countrys revenue through FX differences to N1.36 trillion in six months. The Federation Account Allocation Com ...
Reps Panel Meets Finance Minister, Others On Palliative Loans, Grants For SMEs
The House of Representatives Committee on Small and Medium Enterprises (SMEs) met with the Minister of Finance and Coordinating Economy, Wale Edun, to ascertain the funding extent and releases mad ...
Nigerian banks to develop stablecoin in an attempt to regulate crypto activities
Authorised Nigerian banks will collaborate to create and manage cNGN, a new stablecoin, following the lifting of the crypto ban. Sources that spoke to Nairametrics
As CBN lifts ban on crypto transactions, Quidax launches free deposits & withdrawals
In what could be described as the biggest development in the Nigerian crypto industry for 2023, the Financial Policy & Regulation Department of the Central Bank of Nigeria (CBN) h ...
Burger King fires up Lagos with two new outlets In Agungi & The Palms Mall, Lekki
Tapping into Lagos burgeoning urban landscape and dynamic consumer market, Burger King has opened the doors of two new outlets in the bustling Nigerian city. Rushdi Ibrahim, CEO of Burger K ...
Naira scarcity: CBN blames Banks, PoS operators for hoarding banknotes
The Central Bank of Nigeria, CBN, has cautioned Deposit Money Banks and Point-of-Sale operators against hoarding banknotes as the Naira scarcity persists a few days before Christmas ce ...
Etsy targeted by child trafficking conspiracy theories
The Etsy company logo is seen at its New York headquarters building on December 13, 2023. Photo: Michael M. Santiago / GETTY IMAGES NORTH AMERICA/Getty Images via AFP ...