Business

Naira loses against dollar, trades N1,234.49/$ at official market

The Naira on Monday, April 22, 2024 slightly depreciated at the official market, trading at N1,234.49 to the dollar. Data…

2 years ago

FCCPC summons owner of exclusive Chinese supermarket

The Federal Competition and Consumer Protection Commission (FCCPC) has summoned the owner of a Chinese supermarket, Cindy Liu Bei, located…

2 years ago

Nigeria secures World Bank’s $2.25bn loan at 1% interest rate

The Federal Government had secured a $2.25 billion single-interest loan from the World Bank. The facility offers a 40-year-term with…

2 years ago

FirstBank appoints Olusegun Alebiosu Acting MD/CEO

Following the sudden resignation of its Managing Director/Chief Executive, the Board of FBN Holdings Plc. has appointed Mr. Olusegun Alebiosu…

2 years ago

Price war in Nigeria’s skies

By ETIM ETIM A price war has broken out in a submarket of the nation’s aviation sector, and the passengers…

2 years ago

Shareholders okay Access Holdings’ $1.5bn capital plan, N350bn rights issue

The plan by the Access Holdings Plc to establish a capital raising programme of up to $1.5 billion has been…

2 years ago

Transcorp Power revenue hits N67.86bn in Q1 2024

Transcorp Power Plc has declared revenue of N67.86 billion in the first quarter of 2024 which ended on March 31.…

2 years ago

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

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