Business

CBN vows to prosecute forex defaulters, settles $2bn liabilities

The Central Bank of Nigeria (CBN) has vowed to enforce appropriate sanctions on forex defaulters. The apex bank declared that…

2 years ago

Union Bank allays customers’ fears as new mgt takes off

Union Bank of Nigeria has reassured its stakeholders of seamless service in spite of the leadership change. The bank gave…

2 years ago

Shoprite Nigeria: Why we shut Ado Bayero Kano store

Retail Supermarket Nigeria Limited (RSNL), operating as Shoprite Nigeria, has explained why it shut down its Ado Bayero Store in…

2 years ago

Shell sells Nigerian onshore subsidiary for $2.4bn

Shell has reached an agreement to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company of Nigeria Limited (SPDC)…

2 years ago

Naira crashes to N1,300 against U.S. dollar

The naira, on Tuesday, January 16, 2024, continued to suffer depreciation against the dollar as it exchanged at N1,300 on…

2 years ago

Sanwo-Olu signs N2.267trn 2024 budget into law

Lagos State Governor, Babajide Sanwo-Olu, has signed the N2.267 trillion 2024 Appropriation Bill of the state into law. Sanwo-Olu, at…

2 years ago

Otedola’s Geregu Power hits N1.07trn market capitalization

Nigeria’s leading power generation company, Geregu Power Plc., has hit N1.07 trillion in market capitalization. At the close of trading…

2 years ago

Access Holdings acquires Megatech Insurance Brokers

Access Holdings Plc. has obtained all required regulatory approvals to acquire Megatech Insurance Brokers Ltd. Access Holdings’ Company Secretary, Mr.…

2 years ago

Nigeria’s inflation rate hits 28.92%

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 28.92 per cent in December 2023. The…

2 years ago

Naira scarcity: Nigerians groan as banks, PoS operators trade blame

Some residents of Ibadan, the Oyo State capital, have decried the persistent scarcity of naira notes, as banks and Point…

2 years ago

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