Dave Ibemere
5952 articles published since 20 Sep 2021
5952 articles published since 20 Sep 2021
Despite lower depot prices and improved supply, Nigerians still pay between N1,300 and N1,650 per kilogramme for cooking gas, dealers have revealed nationwide.
After opening an office in Nigeria, UAE banking giant First Abu Dhabi Bank plans to expand into South Africa, targeting Africa's biggest banking market.
Nigeria's foreign exchange market recorded $46.4 billion in turnover within four months, reflecting stronger trading activity and improved confidence in the naira.
NDIC has begun verifying depositors of 46 failed microfinance banks, allowing eligible customers to recover insured deposits following the CBN's licence revocation.
The Nigerian stock market gained N961.75 billion on Thursday as First HoldCo, Zenith Bank, Access Holdings, and MTN Nigeria powered the benchmark index higher.
The IMF retained Nigeria's 2026 growth forecast at 4.1%, citing macroeconomic stability and oil exports, while warning rising food prices could worsen poverty.
Petrol marketers adjusted loading prices across Nigeria, with Port Harcourt recording the highest increase and Lagos remaining the most stable major depot market.
Premium Pension and Trustfund Pensions have agreed to merge, creating Nigeria's third-largest pension fund administrator with nearly N3.08trn in AUM.
The naira depreciated to N1,379.07 per dollar at the official market while the black market exchange rate weakened to N1,400 on Wednesday trading.
Dave Ibemere
Load more