Business

UBA America boosts commercial diplomacy, hosts business leaders in U.S.

UBA America, the United States subsidiary of United Bank for Africa (UBA) Plc, has hosted diplomats, government officials, and business…

2 years ago

FAAC shares N1.123trn March revenue to FG, States, LGs

The Federation Account Allocation Committee (FAAC) has shared a total sum of N1.123.391 trillion federation account revenue to the Federal…

2 years ago

Transcorp Hotels sells Calabar subsidiary to Eco Travels

Transcorp Hotels Plc has divested its 100 per cent interest in Transcorp Hotels Calabar Limited to Eco Travels and Tours…

2 years ago

FG generates N7.3trn revenue in 5 months

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has disclosed that the total sum of N7,314,129,314,386.08 accrued into the federation…

2 years ago

CBN reduces banks LDR to 50%

The Central Bank of Nigeria (CBN) has reduced the Loan-to-Deposit Ratio (LDR) of deposit money banks from 65 per cent…

2 years ago

2030: World Bank, AfDB partner to connect 300m Africans to electricity

The World Bank Group and African Development Bank (AfDB) Group are partnering on an ambitious effort to provide at least…

2 years ago

FIRS: $4bn lost annually to inefficiency in import, export processes

The Federal Inland Revenue Service (FIRS) says $4 billion is lost annually over inefficiencies in Nigeria’s import and export processes.…

2 years ago

Dangote crashes diesel price to N1,000 per litre

Dangote Petroleum Refinery has crashed the price of diesel. The company on Tuesday, April 16, 2024 announced a further reduction of the price…

2 years ago

Naira gains, exchanges at N1,136 against dollar

The naira on Monday, April 15, 2024, appreciated at the official market, trading at N1,136.04 to the dollar. Data from…

2 years ago

Nigeria’s inflation rate hits 33.20%

The National Bureau of Statistics (NBS) has declared that Nigeria’s inflation rate rose to 33.20 per cent in Mach 2024.…

2 years ago

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