There are indications that the nation’s currency has come under fresh demand pressure in the parallel market with significant depreciation recorded in the past week. Yesterday, parallel market dealers traded at N1,705/ $1.00 down from N1,655/$1.00 a week ago, with sustained day-to-day slide. Vanguard’s Naira watch indicates the steady slide is happening for the first […]
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Some customers of First Bank Plc have taken to social media to drag the bank over what they described as unnecessary debits from the money-keeping giant. In several reactions on their Facebook page, @First Bank of Nigeria Limited on Sunday, the customers expressed their frustration over uncountable debits from the bank in the last two […]
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Wema Bank has been recognised as the best workplace for millennials and for promoting a culture of innovation. The lender mentioned in a statement on Thursday that the recognition was part of its achievement, being certified as a Great Place to Work for 2024-2025, marking the second consecutive year of receiving the prestigious certification. The […]
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The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Bismarck Rewane, has projected that the Nigerian economy would grow by 3.5 percent by 2026, pushing the country’s gross domestic product to approximately $400bn. He disclosed this at the Access Bank Customer Forum held in Lagos on Thursday. “The Nigerian economy will grow […]
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Multinational consumer goods company, PZ Cussons, says it has commenced plans to sell its African subsidiaries to any interested buyer. The parent company of PZ Cussons Nigeria said it is looking at a partial or full sale to mitigate the company’s exposure to fluctuations in the naira, which has devalued by 70 percent. The company […]
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as Aiyedatiwa promises more efforts to boost food security As part of his administration’s commitment to enhancing food security and supporting the agriculture sector, Ondo State Governor, Hon. Lucky Orimisan Aiyedatiwa, has launched the distribution of fertilizers to farmers across the State. The flag-off ceremony, which took place on Friday at the Agric Warehouse in […]
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Delta Airlines has announced its intention to install free and fast Wi-Fi on its nearly 700 fleets for the use of passengers. Delta described it as a dream come true, noting that its customers would have access to the internet connection before the end of summer. This was disclosed in a statement by the Senior […]
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Infinix, a trendy tech brand for young consumers, announced the launch of the Infinix XPAD – its first-ever groundbreaking AI-powered tablet designed to revolutionize how users engage with entertainment, productivity, and learning. “The Infinix XPAD represents our first foray into the tablet market, and we are incredibly excited to bring this transformative device to our […]
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The naira closed at N1,582.09 against the United States dollar at the official market on Tuesday, August 13, 2024. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N4.4. It represents a 0.71 percent loss when compared to […]
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The Nigerian stock market capitalisation, on Tuesday, August 13, 2024, extended losses by N278 billion or 0.50 percent, following selloffs in BUA Cement, Zenith Bank, and FBN Holdings, among other declined equities. The Nigerian Exchange Limited (NGX) market capitalisation which opened at N55.574 trillion closed at N55.296 trillion. The All-Share Index also decreased by 0.50 […]
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