Poised to improve trade relations, showcase the latest technologies and innovation as well discover new markets, the Lagos Chamber of Commerce and Industry (LCCI) has partnered with the China For...
The Managing Director and Chief Executive Officer of Nigeria Liquefied Natural Gas Limited, Dr Philip Mshelbila, has revealed that only two of the company’s six gas trains are currently operational, a...
The net interest income of four mid-sized banks in Nigeria surged by 78 percent in 2024 compared to a year earlier, a situation driven by the aggressive rate hike by the Central Bank of Nigeria (CBN),...
The bureau said the growth rate is also higher than the 3.46 percent recorded in the fourth quarter of 2023. According to the report, the performance of the GDP in the period reviewed was driven mainl...
A Nigerian court has frozen multiple bank accounts after a Keystone Bank system malfunction artificially inflated account balances, allowing unauthorized withdrawals totaling ₦5.7 billion, a...
The decision, announced after the latest Monetary Policy Committee (MPC) meeting, has sparked concerns among business owners who rely on credit facilities to sustain operations. According to the MPC c...
The sharp rise in demand led to higher allotments, even as yields fell, reflecting stronger investor confidence in Nigeria’s debt market. This is according to the auction result released by the Debt M...
In a statement on Monday, the tech giant said the investment would fuel advancements in AI, silicon engineering, and workforce development —equipping students and professionals with cutting-edge skill...
On November 26, 2024, the CBN directed all banks operating in the interbank foreign exchange market to adopt the Bloomberg BMatch System for trading. The platform, which went live on December 2, 2024,...
In its GDP report published on Tuesday, NBS said the growth rate is higher than the 3.46 percent recorded in Q3 2024. The bureau said the growth rate is also higher than the 3.46 percent recorded in t...
