The Central Bank of Nigeria (CBN) has approved the sale of an additional $10,000 to 1,583 eligible Bureaux De Change (BDCs) in the country to meet market demands. The Director, Trade and Exchange Department of the CBN, Dr Hassan Mahmud, made this known in a letter addressed to the President, Association of Bureau De Change […]
Read More
Former Deputy Speaker of the House of Representatives, Mr Emeka Ihedioha, on Tuesday, resigned his membership of the Peoples Democratic Party (PDP). Ihedioha, also a former Imo governor said this in a letter addressed to the ward chairman of the party at Mbutu in Aboh Mbaise Local Government Area of the state on Tuesday. The […]
Read More
The National Agency for Science and Engineering Infrastructure (NASENI), is set to collaborate with Nasarawa state government and Bobtrack Tractors, a division of Saint Bob Motors Limited to start the manufacturing and assembling of tractors in the north-central geo-political zone. The facilities and infrastructure available at one of NASENI’s Institutes, Agricultural Machinery and Equipment Development […]
Read More
Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, N980 per litre respectively. This is coming in the wake of its widely celebrated price reduction to N1,000 barely two weeks ago. The price change of N940 applies to customers buying five million litres and […]
Read More
The Central Bank of Nigeria (CBN) has secured the cooperation of some International Money Tranfer Organisations (IMTOs) to double the flow of remittance to Nigeria in its current bid to consolidate the modest improvement in the foreign exchange market dynamics. Mr. Olayemi Cardoso,the CBN Governor, who disclosed this in Washington DC also said that the […]
Read More
The Board of FBN Holdings Plc, yesterday, announced the appointment of Mr. Olusegun Alebiosu as acting Chief Executive, First Bank of Nigeria Limited (FirstBank), its flagship subsidiary. The appointment came on the heels of the recent resignation of the bank’s Managing Director/Chief Executive, Dr. Adesola Adeduntan. In a statement to the Nigerian Stock Exchange, the […]
Read More
Ecobank Transnational Incorporated (ETI) announced on the Nigerian Exchange Limited (NGX) that it has successfully repaid its $500 million 5-year Eurobond that matured on April 18, 2024. The Eurobond, which was issued in April 2019 was listed on the London Stock Exchange with a coupon rate of 9.5per cent. The bond garnered support from diverse […]
Read More
Access Bank has announced the unveiling of the sixteenth season of DiamondXtra, a savings and reward account program, in Lagos. This season of the special interest-yielding hybrid account, which permits deposits of both cash and third-party cheques, has been enhanced with exciting prizes for customers. Participants stand the chance to win prizes totaling N200 million, […]
Read More
Transcorp Power Plc (Transcorp Power), one of the electricity generating subsidiaries of Nigeria’s leading, listed conglomerate, Transnational Corporation Plc (Transcorp Group), has demonstrated impressive financial performance in its released Q1 2024 unaudited financial statements, for the period ended March 31, 2024. The Company recorded N67.86 billion in gross earnings, compared to N21.04 billion reported in […]
Read More
A Nigerian Federal High Court, sitting in Abuja has granted an application by a Nigerian, Mr Chianugo Peter, to amend his originating processes filed to seek $150 million in compensation from Google and GoDaddy.com. Justice Obiora Egwuatu granted the application after lawyer to Google LLC, Oluwaseyi Ogundiran of Aluko & Oyebode Law Firm, did not […]
Read More
Ecobank Nigeria Limited, a subsidiary of the Ecobank Group, has entered a strategic partnership with the Nigeria Chess Federation (NCF) to host the 2024 National Schools’ Team Chess Competition. Ecobank in a statement said the competition is scheduled to hold between in May 2024, is open to students from primary, Secondary and Tertiary education level […]
Read More
President Bola Tinubu has commended the enterprising feat of Dangote Oil and Gas Limited for reducing the pump price of Automotive Gas Oil (AGO), also known as diesel. The Group recently reviewed downwards the gantry price of AGO from N1,650 to N1,000 per litre for a minimum of one million litres of the product, as […]
Read More
