Six prominent banks, including United Bank for Africa (UBA), Wema Bank, and Stanbic IBTC, were excluded from participating in a…
Browsing: ECONOMY
Dangote Group’s subsidiaries have emerged as major recipients in the latest Retail Dutch Auction conducted by the Central Bank of…
“The merger is contingent upon the financial support from the CBN. The fund will be instrumental in addressing Unity Bank’s total obligations to the Central Bank and other stakeholders.
According to GCR, “the ratings were affirmed on the prospects of significant growth in earnings following the commencement of operations at the new petrochemical refinery and robust earnings expectations from the other businesses.”
Arvind Pathak, remarked, “We effectively navigated macroeconomic headwinds to deliver positive results in the first half of the year. Group volumes were up 3.8%, with our Nigeria operations achieving double-digit volume growth of 10.9%.
President Bola Tinubu has declared that the fiscal revenue of Nigeria has more than doubled under his administration, soaring over N9.1 trillion in the first half of 2024.
The Central Bank of Nigeria (CBN) says it sold a cumulative amount of 148 million dollars to authorised dealers in the Nigerian Foreign Exchange Market (NFEM).
The Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama says embracing a green economy will bring numerous benefits, including economic diversification, job creation, and improved public health to Nigeria.
The International Telecommunication Union (ITU) has ranked Nigeria highly, scoring 71% in comparative legal, policy, and governance frameworks for digital…
The naira has suffered further depreciation on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window, closing at N1,603.80/$1 on Thursday, July 25, 2024, Nairametrics reports.