The House of Representatives has threatened to sanction agencies and companies that failed to appear before the committee in the probe of loss of 60 billion dollars by the federal government. The House of Reps Joint Committee on Finance and…
For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places Zenith Bank…
Mexico and Nigeria are committed to scaling up their bilateral trade relations, which has a relatively low current value of approximateley 180 million dollars. Mexican Ambassador to Nigeria Alfredo Miranda said this in an interview on Monday. Miranda said that…
Nigeria’s Central Bank Digital Currency (CBDC), eNaira, makes up less than 1% of the total currency in circulation as of March 2024, almost three years after it was launched. According to data from the quarterly statistical bulletin of the Central…
…Laments roadblocks hindering success of refinery …Dares NMDPRA to test refinery products over dirty diesel allegations …As Reps pledge to probe allegations Foremost Industrialist and Africa’s richest man, Alhaji Aliko Dangote, has cried out that those meant to protect the…
By Esther Agbo The Board of Directors of Emerging Markets Telecommunication Services Limited, operating as 9mobile, has denied reports that a court ordered it to pay a N55bn debt to Keystone Bank. In a statement released on Saturday, 9mobile clarified…
The Director General Securities and Exchange Commission (SEC), Dr Emomotimi Agama, has urged sector regulators, businesses, and stakeholders to collaborate effectively in the attainment of sustainable development goals. In a statement on Sunday, Agama was quoted to have said this…
Minister of Budget and National Planning, Atiku Bagudu, on Friday, stated that Nigeria has not invested adequately in infrastructural development. He attributed several recent problems faced by Nigerians to this under-investment in multi-dimensional infrastructure. While speaking at the National Assembly…
The Joint Committee of the House of Representatives investigating arbitrary rise of cement price in the country has asked major producers in the industry to tender documents on cost production to justify the price of cement in the market. The committee…
The Central Bank of Nigeria (CBN) says it has commenced regular sale of foreign exchange (fx) through authorised dealer banks and licensed Bureaux De Change (BDCs) to bridge gap. The Director, Financial Markets Department, CBN, Ms Omolara Duke, said this…
