The naira held its ground on the unofficial market, appreciating against the dollar on the parallel market as the dollar index posted some losses amid profit-taking. The value of the naira was N1,500 on Friday, compared to N1,510/$1 on Thursday…
The management of Galaxy Backbone (GBB) Limited recently hosted the Head of ICt departments across Ministries, Departments and Agencies (MDAs). The stakeholder engagement which had in attendance, Managing Director/CEO of Galaxy Backbone, Prof.Ibrahim Adeyanju and members of the management team…
The recent suggestion by the Minister of Youth Development, Jamila Ibrahim, to restructure the NYSC into a revenue-generating agency, while well-intentioned, may not be the most effective solution. Instead, we argue that a radical review of the scheme is necessary…
Various digital social investments in Nigeria, through the Nigerian Communications Commission (NCC) were on showcase at the just-concluded 35th annual conference of the African Public Relations Association (APRA) in Abidjan, Côte d’Ivoire. Through a presentation by the Head of Media…
The Chartered Institute of Stockbrokers (CIS) has expressed concerns about the impact of recent foreign exchange reforms on companies with significant foreign exchange components, noting that many of these companies are posting losses or substantially reduced profits. This statement was…
…As CBN raises N1.16 trillion from OMO bill auction Nigeria’s foreign exchange market has seen the turnover on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window surge by an astonishing 231.99 percent on May 24, 2024. This development coincides with the Central Bank…
The Nigerian equities market closed the week with a loss of N206 billion by investors on Friday. This followed the dip in the share price of PZ, ETI and First Bank, amongst others on the trading floor today. After five…
The Nigerian Exchange Limited (NGX) has delisted the Shares of Arbico Plc from its Daily Official List of NGX. This was contained in the Exchange’s Weekly Report as seen by Nairametrics. The delisting follows the NGX’s approval of the Company’s…
The Management of First City Monument Bank (FCMB) has disclosed plans to raise N150 billion between now and September 2024. The Chief Executive Officer (CEO) of FCMB Group Plc, Ladi Balogun, stated this on the sidelines of the company’s Annual…
The Nigeria Civil Aviation Authority has met with travel agents and airline operators to find a lasting solution to issues of flight disruptions, and ticket refund complaints, among others. The aviation stakeholders, who met at the NCAA office at the…
