A bill to amend the Central Bank of Nigeria Act scaled Second Reading at the House of Representatives on Thursday.On Thursday the House of Representatives went on the Second Reading for the amendment ...
As the unwavering macroeconomic challenges continue to cripple the nation's economy, breadmakers are also lamenting over the shortage of foreign exchange and the high cost of baking items that have le...
Despite the naira gaining against the dollar last week, it’s been reported that on Monday the naira fell to N1,030/$ in the parallel market making its gain last week futile.Naira lost N80 or what we...
Despite the economic struggles, six banks in the Nigerian financial sector are reported to have gained profits by 214% to N2.06tn in the period that ended September 2023 when compared to the correspon...
Unity Bank Plc recently announced plans to strengthen its digital banking services despite the bank report for Q3 that ended September 2023 showing how the bank recorded a loss of N47.917bn.The unaudi...
The Lagos State Government and the African Export-Import Bank (Afreximbank), in collaboration with Access Holding Plc, signed a contract worth $1.35 billion on Monday to boost infrastructure and food ...
Africa’s Global Bank, United Bank of Africa (UBA), recently released its unaudited financial results for Q3 2023 that ended September 2023. Since its recent release, the bank has once again gained i...
The Federal Government in collaboration with the Ministry of Power has reached an agreement with a Chinese consortium to improve power distribution lines—the contract is worth $463 million.Additiona...
On Sunday night, the Rivers State House of Assembly suffered a huge fire incident as some yet-to-be-known political thugs moved into action over the alleged plans to impeach the incumbent governor, Si...
Nigeria's highest court, the Supreme Court, rejected on Thursday the application from the Peoples Democratic Party candidate, Atiku Abubakar, to submit fresh evidence against Bola Tinubu, the winner o...