Business

The naira fell to a fresh low against the dollar, shrugging off on a surprise interest-rate increase by Central Bank of Nigeria (CBN) amid ongoing local scarcity of the US currency. The naira slipped to N1,677 against the dollar at the official close on Wednesday, according to FMDQ data, taking its losses since the end of last week to 8.2per…

Dupe Olusola has announced the launch of the Next Generation Foundation, a philanthropic fund dedicated to improving the lives of underserved and vulnerable children through education. With this foundation, Olusola, the Managing Director/CEO of Transcorp Hotels Plc, is extending her lifelong commitment to empowering others, driven by a deep belief in the transformative power of education. The foundation’s vision is…

The National Agency for Science and Engineering Infrastructure (NASENI) is showcasing indigenously developed technological products at the ongoing 19th Abuja International Trade Fair holding at the Abuja Trade and Convention Centre, Umaru Yar’Adua Way, Airport Road, Abuja. This year’s NASENI participation at the annual fair organized by Abuja Chamber of Commerce and Industry (ACCI) is a means to foster its…

The Central Bank of Nigeria, (CBN) in its efforts to providing liquidity to the Bureau De Change (BDC) Operators segment of the foreign exchange market, has approved the sale of $20,OOO.OO. This will be sold to each eligible BDC at the rate of N1,590/$. A statement signed by Acting Director, Trade & Exchange Department of CBN, Dr. W. J. Kanya…

By Kunle Sanni The Federal Government has stated that it will not intervene in the ongoing dispute over petrol pricing between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery, affirming that both entities are free to set their own market prices for consumers. The stance was disclosed by Bayo Onanuga, Special Adviser on Information and Strategy to President…

Greenwich Merchant Bank Ltd and PSRG-Richardson have partnered on the key strata of sustainability – health, safety, security and the environment to drive the nation’s economy towards robust and inclusive growth. This was disclosed in a press release signed and made available by the Head, Corporate Communications of the Institution, Ozena Utulu yesterday. Speaking on the sidelines of the 2024…

A Lagos based financial & management consultants, Mr. Kola Amzat has expressed that the members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria were too much in hurry to effect  increase in its Monetary Policy Rate (MPR) or interest rate from 26.75 per cent to 27.25 per cent. The committee members after a two-day meeting in…

A report by National Bureau of Statistics (NBS) revealed that that the average price of 1kg beans brown (sold loose) stood at N2,574.63 in August 2024, a 271.55per cent increase  in price on a year-on-year basis from N692.95 recorded in August 2023 and a 5.31 per cent rise in price on a month-on-month basis from N2,444.81 in July 2024. The…

Airtel Nigeria, as part of its continued efforts to foster stronger relationships with key stakeholders, hosted a Media Roundtable event to discuss updates on its sustainability initiatives, innovations, and strategic approach towards ensuring seamless customer experience. The event which held recently in Lagos had over 30 senior media personnel in attendance and included insightful presentations by four Airtel directors who…

The Tinubu Stakeholders Forum (TSF) has praised the Nigerian government for its strides in enhancing the aviation sector, particularly its efforts in improving compliance with the Cape Town Convention (CTC), which it noted, has positioned Nigeria as a more reliable destination for aircraft leasing. This commendation follows the Aviation Working Group’s (AWG) recent announcement that Nigeria’s CTC compliance index score…