Business
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Business
Zenith Bank wins ‘Best Commercial Bank in Nigeria’ and ‘Best Corporate Governance’ awards
Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award…
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Business
GTCO set to float N400bn public offer, targets acquisition
Guaranty Trust Holding Company, GTCO Plc, has concluded arrangement to raise N400 billion fresh capital in pursuit of the Central Bank…
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Business
Foreign investments in manufacturing down 57.4% to N192bn in Q1’24
In apparent reflection of the harsh business environment in Nigeria over the past year, the inflow of foreign investments into the…
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Business
Crypto traders to start paying 7.5% VAT July 8
Cryptocurrency traders in Nigeria will start paying 7.5 percent value-added tax (VAT) with effect from July 8, 2024. A cryptocurrency platform,…
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Business
Jumia integrates Sprinklr’s AI-powered platform to boost customer experience
Jumia, an e-commerce platform, has integrated Sprinklr’s AI-Powered Unified customers experience management platform to improve customer experience across 11 African countries. The…
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News
Naira depreciates to N1, 520/$ in parallel market
The Naira yesterday depreciated in the parallel market to N1,520 per dollar from N1,515 per dollar on Tuesday. Similarly, the…
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Business
Forex: Turnover in NAFEM rises 74% to $22.88 bn in H1’24
•Naira depreciates across market segments The volume of dollars traded (turnover) in the Nigerian Foreign Exchange Market, NAFEM, rose year-on-year (YoY)…
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Business
Credit to government rises by 42% to N28.4trn
Credit to the government rose by N8.4 trillion or 42 per cent, month-on-month to N28.4 trillion in May from N19.98 trillion…
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Business
Multinationals’ exit, opportunity for domestic industries — MAN DG
The Director General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has contended that the recent exit of some multinational…
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News
Breaking: CBN revokes licence of Heritage Bank
By Babajide Komolafe, Economy EditorThe Central Bank of Nigeria, CBN, has revoked the operating licence of Heritage Bank.The Acting Director,…
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