In a dramatic twist for Olam Group Ltd., shares plummeted to a near 15-year nadir following contentious fraud accusations in Nigeria. This further compounds an already challenging year for the …
Business
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The Central Bank of Nigeria (CBN) on Monday has directed commercial banks not to use their foreign exchange revaluation gains for dividends or operational expenses. This was disclosed in a …
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Last week, Fidson Healthcare Plc, a leading name in the pharmaceutical sector, showcased its dedication and growth by announcing a robust dividend of 55 kobo per share for the fiscal …
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Chevron Nigeria Limited, a partner in the joint venture with the Nigerian National Petroleum Company Limited, has firmly denied allegations of involvement in crude oil theft within the waterways of …
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The World Bank has warned that the ongoing humanitarian crisis in Niger could have a negative impact on the food security and market stability in Nigeria, which is already facing …
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Business
Nigeria’s Central Bank Sees Hopeful Turn with Cardoso’s Appointment Amidst Exchange Rate Crisis
In a move that has garnered widespread acclaim, President Bola Tinubu announced the appointment of Olayemi Cardoso as the new governor of the Central Bank of Nigeria (CBN) on Friday. …
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Business
Meet the new CBN governor and his deputies: A team of experts with over 130 years of experience
President Tinubu has nominated Olayemi Cardoso as the new CBN governor.
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The United Arab Emirates (UAE) has said that there are no changes to its visa policy for Nigeria, despite a statement by the Nigerian government that an agreement was reached …
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In a recent report, the National Bureau of Statistics (NBS) disclosed that Nigeria’s inflation rate surged to 25.80% in August 2023, marking a 1.72% increase from the previous month’s figure …
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Oil prices have risen for the third consecutive week, reaching their highest levels since November, as China’s economic recovery boosted demand for the commodity. However, Nigeria, Africa’s largest oil producer, …
