Zenith Bank’s Q3 earnings hit N620.6bn
Zenith Bank Plc stated that its gross earnings increased 20 per cent in the third quarter of 2022 to N620.6bn from N518.7bn in the third quarter of 2021, indicating macroeconomic…
Nigeria resources enough to end economic crisis – Access Bank chair
The Chairman Of Access Bank Plc, Mrs. Dere Awosika, said that the Federal Government, with resources appropriation, has the power to resolve its fiscal problems. Awosika made this known while…
New naira: Beware of currency hoarders, EFCC warns BDC operators
The Economic and Financial Crimes Commission has urged Bureau de Change operators to be wary of currency hoarders who would attempt to offload the currencies they had illegally stashed away.…
New naira’ll make ransom payment difficult – CBN
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that the payment of ransom to kidnappers and criminal elements will be difficult once it introduces the new…
‘Remove Arabic inscriptions from new naira notes’
The Central Bank of Nigeria has been asked to remove the Arabic inscription from the redesigned naira notes. A Senior Special Assistant to the Governor, Benue State, on Media and…
Power generation hits 4,173.20MW in 24 hours
The Nigerian energy supply increased to 4,173.20Mw on Wednesday from a total of 2,931Mw on Tuesday, reports have revealed. According to Economic Confidential, only 17 power plants were in functioning…
CBN to redesign naira notes
The Central Bank of Nigeria announced plans to redesign the N200, N500, and N1000 notes. CBN Governor, Godwin Emefiele, made the announcement during a special briefing on Wednesday. The intention…
100% cashless economy possible in Nigeria – Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele has said that the goal of the apex bank to make Nigeria 100 per cent cashless is achievable. As the…
Naira drops marginally against dollar, exchanges at N441.67
The Naira depreciated by 0.07 per cent on Tuesday, trading for 441.67 Naira to 1 USD at the Investors and exporters window, compared to N441.38 Naira to 1 USD on…
eNaira records N8bn worth transaction – CBN
The Central Bank of Nigeria has recorded 700,000 eNaira transactions worth N8bn in the last year. According to Channels, this was stated by the CBN Governor, Godwin Emefiele who delivered…
54gene appoints interim CEO as co-founder Ene-Obong resigns
The Co-founder and Chief Executive officer of leading genomics startup 54gene, Abasi Ene-Obong, has stepped down from his role as the Chief Executive Officer of the Firm. According to Nairametrics,…
Tweeps knock FG as fuel scarcity leaves commuters stranded
Tweeps have slammed the Federal Government as commuters were left stranded on Tuesday as petrol shortage characterised by long queues have crept into the busiest city in Nigeria, Lagos State.…
