CBN Injects $197.71m To Boost Liquidity

CBN Injects $197.71m To Boost Liquidity

The Central Bank of Nigeria (CBN) has injected $197.71 million to boost market liquidity and stability in the foreign exchange market.  In a statement on Saturday, CBN’s Director of Financial Markets Department, Omolara Duke, said the apex bank has noted recent...
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18 Passengers Killed In Ogun Road Accident

18 Passengers Killed In Ogun Road Accident

Few hours after a road accident claimed seven lives on the Lagos-Ibadan Expressway, the Ogun State Sector of the Federal Road Safety Corps (FRSC) has confirmed that 18 people died in a multiple-vehicle crash along the Ikorodu/Sagamu road, while four...
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Tinubu Appoints Sotinrin As Bank Of Agriculture MD

Tinubu Appoints Sotinrin As Bank Of Agriculture MD

President Bola Tinubu has appointed Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately. A statement issued on Friday by the President’s spokesperson, Bayo Onanuga, explained that Sotinrin brings a diverse and extensiv...
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United Capital Shareholders Get M14.4b Dividend For 2024

United Capital Shareholders Get M14.4b Dividend For 2024

Shareholders of United Capital Plc has approved a total dividend payout of N14.4 billion for the 2024 financial year, representing 33% increase from the previous year.  Speaking at the company’s 12th Annual General Meeting (AGM) held at the Transcorp Hi...
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NNPCL Appoints New Senior Management Team

NNPCL Appoints New Senior Management Team

The Nigerian National Petroleum Company Limited (NNPCL) has announced the appointment of a new eight-man Senior Management Team. The recent announcement followed the appointment of the Group Chief Executive Officer (GCEO) and Board of Directors. Disclosing thi...
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EFCC Reaffirms  Commitment To Economic Growth

EFCC Reaffirms  Commitment To Economic Growth

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC,  Mr. Ola Olukoyede has reiterated his commitment towards using the anti-corruption fight to stimulate growth in the economy.  He stated this in Abuja on Thursday, April 4, 2025...
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Photo News

Photo News

Managing Director/Chief Executive Officer, Central Securities Clearing System (Nigeria) Plc, Mr. Haruna Jalo-Waziri (left) receiving the Lagos State government Plaque from Governor Babajide Sanwo-Olu, during a courtesy visit at Lagos House, Ikeja on Thursday, ...
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Seplat Energy Joins EITI As Supporting Company

Seplat Energy Joins EITI As Supporting Company

Nigeria’s leading indigenous energy company, Seplat Energy Plc, in 2024, became a registered EITI Supporting Company, reinforcing the Company’s commitment to transparency, accountability, and global best practices.  This milestone was recognized on th...
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CBN Explains $23b Net Reserve

CBN Explains $23b Net Reserve

Nigeria’s Net Foreign Exchange Reserve (NFER) hits $23.11 billion at the end of 2024, the highest level in over three years, the Central Bank of Nigeria (CBN), disclosed on Wednesday. According to CBN, the development reflects a substantial improvement in...
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US Slams 14% Tariff On Nigerian Exports

US Slams 14% Tariff On Nigerian Exports

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Tinubu Reconstitutes NNPC Board, Appoints Ojulari Group CEO

Tinubu Reconstitutes NNPC Board, Appoints Ojulari Group CEO

President Bola Ahmed Tinubu has approved the reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari. City Business News reports ...
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EU, UK Fine Carmakers $600m Over Recycling Cartel

EU, UK Fine Carmakers $600m Over Recycling Cartel

Antitrust authorities in the EU and Britain on Tuesday fined a cartel involving some of the world’s biggest carmakers about 550 million euros ($594 million) for preventing competition on vehicle recycling.  The European Commission said 15 manufacturers,...
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ISA 2025: Ponzi Operators Risk 10 Year Jail Term, N20m Fine

ISA 2025: Ponzi Operators Risk 10 Year Jail Term, N20m Fine

Promoters and operators of any entity engaged in a prohibited scheme commits an offence and is liable on conviction to a penalty of not less than N20 million or imprisonment to a term of 10 years or both. This is one...
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Minister Harps On Public-Private Collaboration To Foster Sustainable Art Industry

Minister Harps On Public-Private Collaboration To Foster Sustainable Art Industry

Hannatu Musa Musawa, the Minister of Art, Culture, and Creative Economy, has called for stronger collaboration between the private and public sectors to ensure the sustainability of Nigeria’s art industry.  The Minister also lauded Ecobank Nigeria, ...
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