Business - Page 131

CBN Drops Interest Rates On 1-year Treasury Bills By 42.4 bps To 20.7% Amidst Robust Investor Confidence

In its latest move to manage liquidity and ensure stability in Nigeria’s financial market, the Central Bank of Nigeria (CBN) conducted an auction of Treasury bills (NT-bills) on April 12, 2024. The

Emmanuel Ochayi

8 months ago

Business·Latest News

How Emefiele Instructed Collection Of $3m Cash in Tranches- Dispatch Rider Tells Court

In a twist at the Special Offences Court in Lagos, a dispatch rider, Monday Osazuwa, disclosed how he was instructed by former Central Bank of Nigeria Governor, Godwin Emefiele, to collect the

Emmanuel Ochayi

8 months ago

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 24th October 2024

Business·Currency·Finance & Economy

Naira Ends Week Positively, Inches Closer To Below ₦1,000/$1 Exchange Rate

Nigeria’s local currency, the naira, has continued to sustain its appreciation, ending the week on a positive note as it marches closer to below ₦1,000 mark in both parallel and official windows

Victor Ezeja

8 months ago

Business

Zenith Bank’s Gross Earnings Rises By 125% In 2023

Zenith Bank Plc recorded triple-digit growth of 125 per cent in gross earnings from N945.6 billion reported in 2022 to N2.132 trillion in 2023.

Victor Ezeja

8 months ago

Business·Latest News

Africa’s Businesses Hit Hard As Cyberattacks Rise By 20% In Q1 2024

A report by cybersecurity firm Check Point has shed light on a concerning trend: cyberattacks are on the rise, with Africa bearing the brunt of the assault. In the first quarter of

Emmanuel Ochayi

8 months ago

Business·Latest News·Oil & Gas

Oil Theft, Vandalism Plague Nigeria’s Oil Production, OPEC Reports Decline To 1.23mbpd

Nigeria’s oil production saw a decline for the second consecutive month, hitting 1.231 million barrels per day in March, according to the latest report from the Organisation of Petroleum Exporting Countries (OPEC).

Emmanuel Ochayi

8 months ago

IMF Sympathises With Victims Of Kenya Anti-tax Protest

Business·Latest News·World News

IMF Warns Against Overreliance On Costly Subsidies In Industrial Policies

In a fresh analysis titled ‘Industrial Policy Is Not a Magic Cure for Slow Growth’, the International Monetary Fund (IMF) underscored the potential drawbacks of heavy reliance on expensive subsidies or tax

Emmanuel Ochayi

8 months ago

Global Trade To Surge By 2.3% In 2024 - World Bank

Africa·Business·Latest News

Why Nigeria’s Poor Growth Will Weaken West Africa’s Economy– World Bank

The World Bank forecasts subdued growth in Nigeria, dampening economic prospects for the broader Western and Central Africa region. In its report, the World Bank noted that Nigeria’s lower-than-average growth would impede

Emmanuel Ochayi

8 months ago

Stop Buying Electricity Infrastructure, Transformers, Poles - Power Minister Tells Nigerians

Business·Latest News·Markets

Electricity Tariff: Minister Pledges Reduction If Exchange Rate Falls Below N1,000/$1

The Minister of Power, Adebayo Adelabu, addressed concerns about the recent electricity tariff hike, emphasizing the potential for reduction if the exchange rate improves. Adelabu asserted during his appearance on Channel Television’s

Emmanuel Ochayi

8 months ago

Business·Latest News

Diesel Price Drop Will Bring Down Nigeria’s Inflation Rate – Dangote

Chairman of Dangote Group, Alhaji Aliko Dangote, has expressed optimism that a significant reduction in the price of Automotive Gasoline Oil (AGO) also known as diesel, will lead to help bring down

Victor Ezeja

8 months ago

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Business - Page 131

CBN Drops Interest Rates On 1-year Treasury Bills By 42.4 bps To 20.7% Amidst Robust Investor Confidence

How Emefiele Instructed Collection Of $3m Cash in Tranches- Dispatch Rider Tells Court

Naira Ends Week Positively, Inches Closer To Below ₦1,000/$1 Exchange Rate

Zenith Bank’s Gross Earnings Rises By 125% In 2023

Africa’s Businesses Hit Hard As Cyberattacks Rise By 20% In Q1 2024

Oil Theft, Vandalism Plague Nigeria’s Oil Production, OPEC Reports Decline To 1.23mbpd

IMF Warns Against Overreliance On Costly Subsidies In Industrial Policies

Why Nigeria’s Poor Growth Will Weaken West Africa’s Economy– World Bank

Electricity Tariff: Minister Pledges Reduction If Exchange Rate Falls Below N1,000/$1

Diesel Price Drop Will Bring Down Nigeria’s Inflation Rate – Dangote

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