Growing gap between dollar, naira sparks concerns of forex round-tripping – Report
There are growing worries that the growing gap between the dollar and the naira could be causing a fresh wave of forex…
Business
Senate confirms appointment of CBN gov-nominee Cardoso, deputies
The Senate has approved Dr. Olayemi Cardoso’s nomination to be the Central Bank of Nigeria’s next governor. According to Nairametrics, this came after…
Nigeria needs stable exchange rate – Cardoso
The President’s nominee for the Central Bank of Nigeria’s governorship seat, Dr. Olayemi Cardoso. stated that country needs a stable exchange rate in…
Unilever Nigeria celebrates World Cleanup Day
Employees of Unilever Nigeria collaborated with Wecyclers and the Food & Beverage Recycling Alliance to recognize World Clean-Up Day 2023 as part…
Farmers, locals will benefit from Bayelsa-Rivers link road – NDDC
The Managing Director of the Niger Delta Development Commission, Dr. Samuel Ogbuku has stated that the Oruma rigid pavement road in Ogbia Local Government…
Stock market loses N39bn due to higher trade volume
The local bourse closed down 0.11 percent week on week on Friday due to sluggish market momentum, with investors losing N39 billion.…
NGX ASeM trades flat over low investors’ interest
The Nigerian Exchange Limited’s Alternative Securities Market board has been trading flat for weeks due to a lack of investor interest. The…
Conoil to issue N1.73bn dividend to shareholders
Conoil Plc would distribute N1.73 billion to its shareholders as a dividend. This equals N2.50 per share for the fiscal year 2022.…
Ooni urges support for homemade frabrics
The Oba of Ogunwusi has stated that the government should promote initiatives like homemade goods known as Adire. The Punch reported that…
Why DisCos can’t increase tariff rates on their own – EMRC
The Energy Consultant at Energy Markets Rates and Consultants Limited, Ikhide Asuelimen, has stated that distribution companies cannot raise tariff rates on…
Access Holdings declares 71.39% half-year profit
Access Holdings Plc has announced its 2023 Half-Year Results, revealing that pre-tax profits increased by 71.39% year on year to N167.601 billion. The…
How CBN leadership will boost naira – Elumelu
A billionaire businessman, Tony Elumelu, has stated that he is confident that the recent change of leadership at the Central Bank of Nigeria will…