Nigeria’s inflation eased sharply lower in June to 11.22 percent year on year, a 0.18 percent points decrease than 11.40 percent posted in May. Latest data released by the National Bureau of Statistics (NBS) on Tuesday showed that the headline index fell to 1.07 percent on a month-on-month basis, indicating a decline of 0.04 percent […]
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The Central Bank of Nigeria (CBN) says it has made another intervention of $298.71 million in the retail Secondary Market Intervention Sales (SMIS). The bank’s Director, Corporate Communications Department, Isaac Okorafor, disclosed this in a statement in Abuja on Friday. Mr Okorafor said the bank had also injected 39.69 million Chinese Yuan (CNY) in the […]
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The Ethiopian Airline says it will establish a new airline to grow more frequency and operation in Nigeria. Mr Tewolde Gebremariam, the Group Chief Executive Officer of Ethiopian Airlines, told newsmen on Friday in Abuja that the plan would give better choice for air travellers. According to him, the operation in Nigeria will continue with […]
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Foremost African financial institution Guaranty Trust Bank plc has been named the Best Bank in Africa 2019 by Euromoney at its annual Awards for Excellence, which held in London on Wednesday, July 10, 2019 at the London Hilton Hotel, Park Lane. GTBank was also named the Best Bank in Nigeria for a record ninth time, […]
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A new document by NEITI has revealed that the total revenue received by Lagos state in 2018 was higher than what was received by the entire south-east region. The south-east region consists of five states namely: Abia, Anambra, Ebonyi, Enugu and Imo. The state’s 2018 revenue was also higher than that of the northeast and […]
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The new Group Managing Director Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, on Monday took over the mantle of leadership, vowing to repair the four national refineries before the end of President Muhammadu Buhari administration in 2023. He also pledged to work towards the delivery of the Dangote Refinery by the first quarter of […]
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In fulfilment of its desire to continuously find ways to serve its customers better, NOVA Merchant Bank (www.novambl.com) is pleased to announce the launch of its newly redesigned website. This new version has features and functionalities to enhance the accessibility of the website. The navigation of the website has been simplified so clients can easily […]
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The United Nations Development Programme (UNDP),the global development network of the United Nations, has partnered with the Tony Elumelu Foundation (TEF) — Africa’s leading philanthropy committed to empowering entrepreneurs — to train, mentor and financially support 100,000 young entrepreneurs in Africa over 10 years towards the achievement of the Sustainable Development Goals (SDGs) and the […]
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The Naira on Monday traded at N359.3 to the dollar at the parallel market in Lagos. The Pound Sterling and the Euro closed at N463 and N407 respectively. At the Bureau De Change segment, the naira exchanged at N360 to the dollar, while the Pound Sterling and the Euro closed at N463 and N407, respectively. […]
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President Muhammadu Buhari in Niamey, Niger Republic, signed the African Continental Free Trade Area (AfCFTA) agreement, making Nigeria the 53rd state on the continent to append its signature to the document. Reports reaching the News Agency of Nigeria (NAN) in Abuja, indicated that the president signed the agreement at exactly 10.47 am local time. The […]
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