The African Development Bank (AfDB) Group, has inaugurated the Bank’s Maiden report on “Benchmark Macroeconomic Models for Effective Policy Management in Africa”.
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The Nigerian gvernment has reduced from 20 counts procurement charges it filed against the immediate-past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to six.
Against the backdrop of indications that the Federal Government is putting in place measures to achieve exchange rate target of N500-N600/$1, while reorganizing the banking sector, various private sector institutions and financial experts have expressed divergent views over the feasibility and the benefits of the goals.
“For the avoidance of doubt, while reiterating that there are sufficient banknotes across the country for all normal economic activity, we wish to state unambiguously that every banknote issued by the Central Bank of Nigeria remains legal tender and should not be rejected by anyone, as stipulated in Section 20(5) of the CBN Act, 2007.
The President of African Development Bank (AfDB), Dr. Akinwumi Adesina , said that the Abidjan-Lagos highway corridor has secured a 15.5 billion dollars investment interest.
The Nigerian Ports Authority (NPA) says its embarking on a $1.1 billion ports rehabilitation plan in first quarter of 2024, to fortify Nigeria’s trade competitiveness.
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability.
TAJBank Limited, one of Nigeria’s fastest-growing non-interest banks, has won the BusinessDay “Islamic Bank of the Year Award” for third consecutive time.
Dangote, Africa’s richest man is the owner of Dangote Industries Limited while Rabiu is the founder of BUA Group. The two billionaire businessmen had been locked in disputes several times, spanning three decades. The battle is simply about who controls the sugar and cement sectors and soon there will be a battle of who controls the oil sector as Rabiu is also building his own refinery, while Dangote has already completed his own.
United Bank for Africa (UBA) Plc says it will continue to provide access to finance to boost Nigerian Small and Medium Enterprises (SMEs) representation in international markets and economies.