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Business and Economy

Mbah pledges to boost Enugu’s GDP from $4.4 billion to $30 billion.

Governor Peter Mbah of Enugu state has established a target for his administration to elevate the state's Gross Domestic Product (GDP) from $4.4 billion...

CBN Orders Commercial Banks To Trade Forex At Any Rate

There are indications that the Central Bank of Nigeria, CBN has directed banks to trade foreign exchange at any exchange rate in the Investors...

Nigerian Stocks Surge 15-Year High Days After Emefiele’s Suspension

Days after Governor of the Central Bank of Nigeria, Godwin Emefiele was suspended by President Bola Tinubu, Nigerian stock market surged to its highest...

TrustBanc shareholders greenlight N1.5bn capital boost

The approval aims to strengthen the bank's position as a leading lender in the public sector and support its expansion into other retail lending...

Globus Bank Faces N1.7 Billion Loss After Cyberattack; Seeks Legal Action for Recovery

Globus Bank Limited has suffered a significant setback as hackers exploited a system glitch, resulting in the withdrawal of N1.755 billion from customers' accounts....

Nigerian ICT Matrix Contributions to GDP

By Adefolarin A. Olamilekan The beginning of 21st century witness a rising tide in globalization. Courtesy of the four significant mechanism that made it...

Huawei and Snapnet Collaborate to Provide Cloud Solutions

IT Solutions Firm Snapnet Partners with Huawei to Demonstrate Cloud Innovations and Cost Optimization StrategiesSnapnet, a reputable IT solutions firm, has joined forces with...

Divergent Views on Judgment: AMCON and Jimoh Ibrahim Disagree Over N69.4 Billion Debt

AMCON and Jimoh Ibrahim Clash Over N69.4 Billion Debt JudgmentIn a recent development, the Asset Management Corporation of Nigeria (AMCON) and Jimoh Ibrahim, Chairman...

Marketers have repurposed 800 petrol tankers for the purpose of supplying gas.

In a current endeavor, oil marketers are modifying their trucks to facilitate the supply of gas to filling stations. This initiative aims to provide...

Forex Inflows Surge 22% to $5.15bn in 2 months

The net foreign exchange inflows through the economy rose year-on-year (YoY) by 22 percent to $5.15 billion in the first two months of 2023...

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