Business

The Federal Government has said that the over three-year-old currency swap between Nigeria and China has not worked the way Nigerians expected. The Central Bank of Nigeria (CBN) and the People’s Bank of China (PBoC) in July 2018 signed a…

Union Bank Nigeria Plc announced it has reached an agreement to sell a majority stake to Titan Trust Bank Ltd. This is according to a press release published on the Nigerian Stock Exchange. Titan Trust Bank is chaired by former Deputy…

The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday announced that it earned N2.56tn revenue from the sale of white products (petrol, kerosene, diesel) in about 13 months. The Nigerian National Petroleum Company Limited,…

Nigeria has spent a sum of $520.78 million on external debt servicing in the third quarter of 2021, rising by 74.2% compared to $298.9 million recorded in the preceding quarter (Q2 2021). This was contained in the quarterly debt report…

International Monetary Fund (IMF) has warned that no individual country can stop cryptocurrency on their own. The IMF stated that regulating cryptocurrency will necessitate nothing less than a determined global effort and a global accord…

Iron Ore has been discovered in commercial quantities at Akokorowa, a farming community in the Oti Region, this portal has learned. Minister for Lands and Natural Resources, Samuel Abu Jinapor, made this disclosure when he toured the…

Leading pan-African banking group, the Ecobank Group, has announced Jubril Mobolaji Lawal to take over from outgoing  Regional Executive and Managing Director designate of Ecobank Nigeria, subject to the approval of the Central Bank of…

Leading pan-African banking group, the Ecobank Group, announced the upcoming retirement of Patrick Akinwuntan, Regional Executive and Managing Director, Ecobank Nigeria. Akinwuntan will retire in January 2022, upon reaching the…

Emeka Okoroanyanwu The Nigerian Communications Commission has just announced that MTN Nigeria Plc, Mafab Communications Limited, and Airtel Networks Limited have qualified as approved bidders of the forthcoming 3.5 gigahertz spectrum…

Emeka Okoroanyanwu Godwin Emefiele, governor of said Nigeria’s central bank is in a battle of its life to save the country’s sickly currency, the naira from further battering by other international currencies. This is even as the…