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CATEGORY

Business and Economy

Key Business Updates for the Week: Cash Scarcity, Tinubu’s G20 Summit, and More

By  Milcah   Tanimu 1. CBN Instructs Banks to Prioritize ATM Cash Disbursement The Central Bank of Nigeria (CBN) has directed banks to focus on cash distribution...

Nigeria’s Inflation Rate Rises to 33.88% as Food Prices Surge

By   Milcah   TanimuNigeria’s inflation rate rose to **33.88%** in **October 2024**, marking an increase from **32.7%** in **September 2024**, according to the latest **Consumer...

Group Raises Alarm Over Alleged N3 Trillion Fuel Importation Fraud by NNPCL, Business Partners

***calls on CBN to investigate payment claimsThe Coalition for Economic Liberation and Transformation (CELT) has raised alarm over alleged N3 Trillion fuel importation fraud...

Maiduguri Airport to Become Regional Cargo Hub, Says Keyamo

By   Milcah   TanimuFestus Keyamo, Nigeria’s Minister of Aviation and Aerospace Development, has announced plans to transform Maiduguri Airport into a regional cargo hub. The...

UBA to Raise N239.4 Billion through Rights Issue

By Gabriel AchaduAfrica’s Global Bank, United Bank for Africa (UBA) Plc, will raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of...

NNPC Announces Senior Management Appointments, Strengthens Leadership

By   Milcah   TanimuNNPC Limited has revealed key changes to its leadership team as part of a strategic move to improve governance and operational efficiency...

FG Secures $134 Million AfDB Loan to Boost Agricultural Sector

By Abigail Philip DavidThe Federal Government has secured a $134 million loan from the African Development Bank (AfDB) aimed at enhancing agricultural production...

Tinubu: Customs Reforms to Boost Trade, Strengthen Border Security

By   Milcah   TanimuPresident Bola Tinubu has announced that reforms within the Nigeria Customs Service (NCS) will boost trade and strengthen border security. Speaking at...

Cardoso Emphasizes Financial Inclusion for SMEs

By   Milcah   TaanimuOlayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), emphasized that financial inclusion is crucial for Small and Medium Enterprises (SMEs)....

UBA Appoints Henrietta Ugboh as Independent Non-Executive Director

By  Milcah   TanimuThe United Bank for Africa Plc (UBA) has appointed Henrietta Ugboh as an independent non-executive director, effective immediately. The appointment, which has...

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