Business

CBN: Why there’s naira scarcity

The Central Bank of Nigeria (CBN) has disclosed the reasons behind the scarcity of naira notes across the country. Some…

2 years ago

Lagos gets Afrexim, Access’ $1.35bn for 4th Mainland Bridge, Blue Rail

Governor Babajide Sanwo-Olu of Lagos has signed a mega deal valued $1.352 billion for long-term infrastructure projects with the African…

2 years ago

Zenith Bank rakes in N505bn profit in 9 months, assets hit N18.2trn

Zenith Bank Plc has recorded a 149% Year on Year (YoY) increase in profit before tax, growing from N202.5 billion…

2 years ago

CBN: No plan to redenominate naira

The Central Bank of Nigeria (CBN) says it has no plans to redenominate the country's legal tender, naira. The CBN…

2 years ago

MTN kicks, appeals $47.8m FG’s tax judgement

MTN Nigeria Communications Plc has kicked against the judgement of the Tax Appeal Tribunal (TAT) directing the telco to pay…

2 years ago

FG plans new forex rules, projects N650 ‘fair price’ before December

Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has projected that the true value of naira…

2 years ago

FEC approves N2.1trn supplementary budget, N300bn for road projects

The Federal Executive Council (FEC) on Monday approved N2,176,791,286,033 supplementary budget to fund urgent national issues including N605 billion for…

2 years ago

Seplat Energy profit hits N245.6bn in 9 months

Nigeria’s independent energy company, Seplat Energy Plc, has declared a profit of N245.6 billion for the nine months ended 30 September 2023. Seplat also…

2 years ago

Murray-Bruce: Why naira loses value in FX market

Former senator, Ben Murray-Bruce, has urged Nigerians to buy locally-made products to make the naira gain more value in the…

2 years ago

Dangote Cement reports N404.89bn in 9 months

Africa’s major cement manufacturer, Dangote Cement, has reported a Profit Before Tax of N404.89 billion in the nine months ended…

2 years ago

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