Business

Naira makes biggest gain in months, exchanges N1,250/$ at parallel market The Naira is sustaining its honeymoon as it appreciated against the dollar on Monday, exchanging N1,250 to a dollar. The FX rate is a 0.43…

Nigerian banks are healthy enough to meet CBN's Recapilisation target -ACAMB The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has assured the banking public that banks in the country…

When the Central Bank of Nigeria (CBN) Governor, Dr. Yemi Cardoso, amplified President Bola Tinubu’s call for the upgrade of the Nigerian economy to $1 trillion GDP at the 58th annual bankers’ dinner, last November, some players within the…

In the first six months after taking office, 13 new state governors collectively borrowed N226.8 billon from domestic and external financiers, Sunday Punch reports. This emerged as findings by…

Binance executive drags Ribadu to court over detention The detained Binance executive, Tigran Gambaryan, has sued Nuhu Ribadu, the national security adviser (NSA) and the Economic Financial Crimes Commission (EFCC) over alleged…

Naira will continue to stabilise – Shettima assures Vice President Kashim Shettima has assured that the naira will continue to stabilise in the coming weeks and months. Shettima gave the assurance at the inauguration of the…

EU launches €9m energy projects in Nigeria  The European Union (EU) has launched two new projects worth €9 million in Nigeria’s energy sector in continuation of its commitment to support the federal government in providing…

JUST IN: CBN increases interest rate to 24.75% The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the monetary policy rate (MPR), which benchmarks interest rates, from 22.75 percent to 24.75…

FG secures ¥15b loan from Japan to support agricultural projects The federal government on Monday said, the federal government has received the sum of ¥15 billion from the Japanese International Cooperation Agency to…

FG to launch 1.6bn for affected ginger farmers The federal government, through the national agricultural development fund, has said it will launch a N1.6bn recovery package for affected farmers in ginger-producing areas.…