Oando Plc recently signed a deal worth $800 million in partnership with the African Export and Import Bank (Afreximbank) at the ongoing Intra-African Trade Fair that took place in Cairo, Egypt.In a tw...
One of Nigeria’s long-lasting financial institutions, Union Bank of Nigeria, has announced its delisting from the Nigerian Stock Exchange (NGX) after 52 years of actively paying shareholders with wo...
The Nigerian Customs Service (NCS) has made some adjustments to its tariffs and duties to follow suit with the current foreign exchange rate.The updates made can be seen on the federal government’s ...
On Thursday, naira gained 1.5% at the parallel market following some confusion between currency speculators as they wait to see the government plans surrounding its proposed increase in dollar liquidi...
The demand on the foreign exchange (FX) market worsened on Wednesday as the naira fell to N1,140/$ at the parallel market. This shows that the country's currency added N110 in just a few hours. On Mon...
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...
The Management of Dangote Industries Limited (DIL) has announced that the conglomerate has repatriated over USD576,008,672.41 through different banks in Nigeria, in addition to a USD$111,968,109.38 ca...
Billionaire CEO and current world's richest man, Elon Musk, has unveiled "Grok," which is considered the first technological product of Elon Musk’s new AI company, xAI.The company Grok is modelled o...
Lafarge African Plc recently released its Q3 report and the first nine months that ended September 30, 2023. The net sales of the cement makers settled at N289.081 billion, which signifies a 7.1% incr...
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 ...