Dave Ibemere
5069 articles published since 20 Sep 2021
5069 articles published since 20 Sep 2021
FirstBank has met the CBN’s N500 billion capital requirement through Rights Issue, Private Placement, and divestment proceeds, positioning the bank for growth.
PwC projects Nigeria’s poverty rate will reach 62 percent by 2026, leaving about 141 million people poor as weak incomes and high living costs persist.
Dangote Petroleum Refinery will deliver petrol directly to marketers at no transport cost, cutting logistics, reducing imports, and lowering pump prices.
Aliko Dangote and Abdulsamad Rabiu have kicked off 2026 strongly, adding significant wealth as Dangote crossed $30 billion, while Elon Musk remains at the top.
Nigerian banks including Access, UBA has informed customers they will pay N50 stamp duty on transfers of N10,000 and above from January 1, 2026, under new tax rules.
The naira opened higher on Monday, gaining against the US dollar, pound, and euro, supported by rising reserves, foreign investments, and expected CBN interventions.
The NNPC has rolled out new petrol prices nationwide, with Abuja among the cheapest, reflecting Dangote Refinery’s N699 ex-gantry rate and strong market competition.
Nigerian stocks opened 2026 strongly as buying lifted the ASI 1.74%, pushed market capitalisation above N100 trillion, and added N1.87 trillion investor wealth.
The CBN reported that several banks lack international authorisation, while only seven first-tier banks meet offshore licensing amid recapitalisation programme.
Dave Ibemere
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