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Business and Economy

UBA Gross Earnings Rises by 143% YoY, Profit hits N757.7bn

By Samuel ItsedeDeclares N2.30 kobo Final DividendTotal Assets Rise by 90.2% to N20.65 trillionShareholders’ Funds Hits N2.0tn, achieving an impressive growth of 120.2%.In...

CBN Directs Banks to Stop Using Foreign Currencies as Collateral for Naira Loans

In a bid to enhance foreign exchange liquidity and stabilize the economy, the Central Bank of Nigeria (CBN) issued a circular mandating Deposit Money...

FG tackles mounting electricity debt, hikes tariff for Band A

The Federal Government of Nigeria has eliminated the electricity subsidy for consumers on Band A feeders, triggering widespread backlash amid ongoing economic challenges. Despite...

Nigeria Secures $1 Billion Loan from Afreximbank, Disbursement Set for May

In a significant development, Nigeria is poised to receive a $1.05 billion syndicated loan supported by oil from the African Export-Import Bank in the...

Lagos State Government Cancels Kantagua Market Project Contract

The Lagos State Government has officially terminated its contract with Bridgeway Global Project Limited for the development of the Kantagua Market.Dr. Olajide Babatunde, the...

Strategic Communications Firm Appoints New Chief Operating Officer

Soulcomms, a renowned Strategic Communications and Engagement Agency, has announced the appointment of Ugochukwu Uwajeh as its new Chief Operating Officer.Uwajeh, previously the Group...

Arraignment of Binance Executive Postponed Amid Service Dispute

By Milcah TanimuThe anticipated arraignment of Binance and its official, Tigran Gambaryan, at the Federal High Court in Abuja has been adjourned...

DOLLAR CRASH: Senator Wamakko Urges Trader To Commodity Prices

By Muhammad Ibrahim,SokotoThe leader of APC in Sokoto State, Sen. Aliyu Magatakarda Wamakko has called on marketers and traders in the state and the...

Slowdown in Private Capital Investment in Africa Reflects Global Trends

According to the latest report from the African Private Capital Association (AVCA), Africa experienced a decline in total private capital deal volume for the...

Banks Ready to Meet Recapitalization Deadline, Says ACAMB

The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB) has expressed confidence in Nigerian banks' ability to fulfill the new recapitalization criteria...

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