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Category: Business
UBA to raise awareness on financial fraud
The United Bank for Africa Plc has said it will commence a fraud awareness week, an initiative that will empower customers with knowledge and tools…
Capital market can drive economic momentum, says ICMR
The Institute of Capital Market Registrars has said that an effective utilisation of Nigeria’s capital market can help the nation to regain its economic momentum….
Banks record 117% increase in customers’ complaints
The complaints of customers to five banks rose by 117 per cent to 6,865,217 year-on-year as of June 2023 from 3,156,704 complaints as of the…
Oil production hits 1.35million barrels/day, highest in 2023
Nigeria’s crude oil output rose to an all-time high of 1.35 million barrels per day in September 2023, as the country pumped its highest volume…
Naira-dollar exchange rate falls to N1,040 in parallel market
The exchange rate between the naira and the dollar has dropped to N1,040 in the parallel market. The ongoing trend of demand surpassing supply seems…
FG eyes more tax revenue as global rate rises
The Federal Government has said it will focus more on domestic resources mobilisation with a focus on a more efficient collection of taxes, fees and…
Clear forex backlog to boost naira confidence, Lemo tells CBN
A former Deputy Governor, Central Bank of Nigeria, Dr Tunde Lemo, has advised against the free floating of the naira. He said this while speaking…
CBN investigator probes banks over N1.27tn intervention funds
The Chief Executive Officers and top management staff of banks may also be probed during the ongoing investigation of the activities of the Central Bank…
Power generation drops by 2,324MW – FG
Nigeria’s available power generation capacity has plunged by 2,324 megawatts due to deteriorating plants/units’ capacities and poor maintenance caused by liquidity challenges, among others, the Federal…
Discontinuation of spirits’ import will reduce forex demand – Guinness Nigeria
***International brewer to set up Nigerian arm Guinness Nigeria Plc has said that with its discontinuation of the importation of spirits from the multinational alcoholic…