Business
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Manufacturing, transport sectors top major drivers of N41trn Lagos economy
July 9, 2024
Manufacturing, transport sectors top major drivers of N41trn Lagos economy
…as Sanwo-Olu seeks OPS collaboration, assures the enabling environment ….Lagos, world 19 best city to visit in 2024-UK Mag …sets…
UBA’s GMD appointed Chairman, CIBN Body of Banks’ CEOs
July 9, 2024
UBA’s GMD appointed Chairman, CIBN Body of Banks’ CEOs
Group Managing Director/Chief Executive Officer, United Bank for Africa, (UBA) Plc, Oliver Alawuba has been appointed as the Chairman of…
Banks’ borrowing from CBN skyrockets by 458% to N57.5trn
July 9, 2024
Banks’ borrowing from CBN skyrockets by 458% to N57.5trn
Banks’ borrowings from the Central Bank of Nigeria, CBN, Standing Lending Facility, SLF, increased Year-on-Year, YoY, by 458.2 percent to N57.5…
World Bank appoints new country director for Nigeria
July 9, 2024
World Bank appoints new country director for Nigeria
The World Bank yesterday appointed Dr. Ndiamé Diop as new Country Director for Nigeria. The bank in a statement said: “The…
Zenith Bank wins ‘Best Commercial Bank in Nigeria’ and ‘Best Corporate Governance’ awards
July 9, 2024
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…
GTCO set to float N400bn public offer, targets acquisition
July 9, 2024
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…
Foreign investments in manufacturing down 57.4% to N192bn in Q1’24
July 8, 2024
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…
Crypto traders to start paying 7.5% VAT July 8
July 5, 2024
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,…
Jumia integrates Sprinklr’s AI-powered platform to boost customer experience
July 5, 2024
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…
Forex: Turnover in NAFEM rises 74% to $22.88 bn in H1’24
July 3, 2024
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)…