Business

Nigeria’s debt hits N121trn

The Debt Management Office (DMO) says Nigeria’s total public debt stock hit N121.67 trillion ($91.46 billion) in March 2024. The…

2 years ago

Otedola regains position as biggest shareholder in First Bank

The Chairman of FBN Holdings, Femi Otedola, has regained his position as the majority shareholder of First Bank, holding a…

2 years ago

First Bank confirms Olusegun Alebiosu’s appointment as MD

FBN Holdings Plc has confirmed the appointment of Olusegun Alebiosu as substantive Managing Director/Chief Executive Officer of First Bank of…

2 years ago

Investors lose N49bn at stock market

The stock market, resuming from the Sallah break on Wednesday, June 19, 2024, closed on a negative note with indices…

2 years ago

UK’s inflation rate drops to 2%

The United Kingdom (UK) inflation dropped to its 2% target for the first time in nearly three years in May…

2 years ago

Nigeria’s inflation rate hits 33.95%

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 33.95 per cent in May 2024. The…

2 years ago

Afreximbank, First Bank sign $200m agreement to finance clients’ needs

Afreximbank and First Bank of Nigeria (FBN) have signed a $200 million facility agreement for financing the needs of the…

2 years ago

Nigeria borrows $2.25bn from World Bank

The World Bank has approved two financial support packages valued at $2.25 billion for Nigeria. The Minister of Finance and…

2 years ago

Investors gain N114bn at stock market

The Nigerian equity market capitalisation on Thursday, June 13, 2024, rebounded by 0.20 per cent as investors’ appetite for Tier-one…

2 years ago

Naira trades N1,476/$ at official market

The naira, on Thursday, June 13, 2024, slightly depreciated at the official market trading at N1,476.24 to the dollar. Data…

2 years ago

This website uses cookies.