The Manufacturers Association of Nigeria, MAN, Lagos Chamber of Commerce and Industry, LCCI, and economists on Wednesday countered the claim by President Muhammadu Buhari that the economy under him is better than it was in 2015. Chairman of the Gas Group, MAN, Mr Ola Adebayo, said Buhari’s administration’s policies have not translated into positive economy […]
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Wheat farm Industry leaders have called on the Federal Government to take swift and deliberate action to cushion the effects of the disruption in the global wheat market on Nigeria’s wheat value chain. The analysts made the call in a published review on the global wheat market following the war between the two top wheat-exporting […]
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CBN Governor, Godwin Emefiele Foreign exchange inflows into the country fell by 36.7 per cent in one month to $4.36bn in January, figures obtained from the Central Bank of Nigeria have shown. The CBN revealed in its report on ‘Foreign exchange flows through the economy’ that the economy recorded lower net foreign exchange inflow in […]
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Less than two weeks to the presidential primaries of the political parties ahead of the 2023 elections, the US dollar has broken the N600/$ mark at the parallel market and set the tone for a possible uptick in the coming days. The black market rate had traded between N570/$ and N590/$ since the beginning of […]
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MTN Communications Nigeria (MTN Nigeria) Plc has said it was ready to roll out the fifth generation (5G) services ahead of the timeline contained in the Information Memorandum (IM) prepared by the Nigerian Communications Commission (NCC) for the 3.5gigahertz (GHz) spectrum auction last year. In line with the terms and conditions of the 5G licence, […]
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The unclaimed dividend control tussle between shareholders and the Securities and Exchange Commission (SEC) assumed a perceived negative turn last month, following an announcement by the Securities and Exchange Commission (SEC) in the penultimate Thursday. The outfit disclosed that the N170b unclaimed dividends have finally been remitted to the Unclaimed Dividend Trust Fund (UDTF), which […]
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Partners Pan-Atlantic University on media innovation programme MTN has unveiled its readiness to roll out the fifth generation (5G) network service in the country by the second half of the year. The Chief Executive Officer, MTN Nigeria, Karl Toriola, made this known in Lagos, yesterday when he announced the partnership of the firm with Pan-Atlantic […]
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Zenith Bank Plc has emerged the Best Bank in Nigeria in the Global Finance Magazine’s Best Banks Awards. The bank was recognised for its resilience and profitability in the face of Nigeria’s challenging macroeconomic environment. The Tier-1 bank retained the award for the third consecutive year. The bank joined others from 36 countries in Africa […]
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The Central Bank of Nigeria (CBN) has foreclosed the possibility of adopting a clean float foreign exchange management approach as long as the supply shock remains. It, however, promised to continue to engage relevant stakeholders, including the International Monetary Fund (IMF) and the World Bank on best approaches to stabilising the market. The assurance comes […]
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Nigeria’s largest lender in the SME space, Access Bank plc, has unveiled an online account opening platform for unregistered businesses. The online account opening platform is a paperless and seamless digital process which allows customers to register their business account within five minutes without visiting a branch. And it is available for anyone above 18 […]
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