The First Bank of Nigeria Holdings has appointed Nigerian billionaire and businessman, Femi Otedola, as the new chairman of its board of directors. Otedola, who recently expressed his excitement about his return to the Forbes African Billionaires list after a seven-year hiatus, takes over from the outgoing Chairman of the board, Alhaji Ahmad Abdullahi. Sharing […]
Continue Reading
The instability in the forex exchange market and the weakness of the naira pose a significant threat to Nigeria’s ambition of becoming a $1 trillion economy. Analysis by Nairametrics shows that naira devaluation has triggered a loss of about $193 billion in the country’s gross domestic product (GDP) when converted from naira to dollar. Our […]
Continue Reading
With the adoption of inflation targeting, the new leadership of the Central Bank of Nigeria (CBN) has not only raised the bar of accountability and demystified monetary policy conduct but has also handed the public the hangman’s noose should it fail in its most important mandate, achieving price stability, Geoff Iyatse writes. The first time […]
Continue Reading
Ehimuan Dr Juliet Ehimuan is the Founder of Beyond Limits Africa and the immediate past Director, Google West Africa. With over 25 years of experience in the tech space, Ehimuan, for 12 years, served as the Country Director of Google Nigeria and later, West Africa. Beyond Limit Africa is her new vision and it recently […]
Continue Reading
To support the over 40 million small businesses in Nigeria, the Federal Government is planning to inaugurate the Council for Small and Medium scale Enterprises in Nigeria (SMEs). This was revealed yesterday in Abuja by the Senior Special Assistant to the Vice President of Job Creations and SMEs, Tola Adekunle-Johnson, at the graduation of 5,300 […]
Continue Reading
MTN has said there would be periodic reviews of the company’s tower contracts to drive efficiency and ensure optimal performance from vendors. The Chief Executive Officer of MTN Nigeria, Karl Toriola, said this was against the backdrop of the recent award of tower contracts to ATC and the fact that another 1,500 site contracts would […]
Continue Reading
Group Treasurer, United Bank for Africa (UBA), Adeyemi Adeleke (left); Group Managing Director/Chief Executive Officer, Oliver Alawuba and Executive Vice President, African Import and Export Bank ( Afreximbank), Denys Denya, during the signing of Trade Finance Facility under the Afreximbank’s Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA), on the sideline of Intra-African Trade […]
Continue Reading
Nechi Citizenship by investment (CBI) has caught the attention of high net worth individuals, including Nigerians, in recent years. In an interview with GEOFF IYATSE, the Chairman of Optiva Capital Partners Limited, a leading investment immigration wealth management company that is involved in some investment projects across the globe, Franklin Nechi, spoke about how the […]
Continue Reading
• More than N300b worth of structures may still go down • Demolition, a huge economic waste, say experts • Obey physical planning laws, govt tells developers, residents Official corruption, lax enforcement of extant building regulations, and poor monitoring by government officials contributed heavily to the over N1 trillion worth of property investment loss, which […]
Continue Reading
The Chair of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, says the Federal Government is planning to introduce new foreign exchange rules — including a crackdown on illegal currency trading by the end of 2023. According to him, it is hoped that the move will result in the naira closing its […]
Continue Reading
