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Business & Economy

Osinbajo decries Naira scarcity, charges CBN to sit up and tackle the ‘disturbing’ situation

“More disturbing is the fact that after depositing your old notes, there are no new notes, so people everywhere in the urban areas and...

Emefiele back pedals, issues fresh directives to banks on redesigned Naira notes

Amid cries by millions of Nigerians who expressed their frustrations over the scarcity of the newly redesigned Naira notes, the Central Bank governor, Godwin...

House directs CBN to increase ATM Withdrawal Limits,

The House of Representatives has directed the Central Bank of Nigeria Governor, Godwin Emefiele, to henceforth submit a weekly report on the apex bank’s...

Nigeria’s active mobile subscriptions rose by 14% to 222 million in 2022

Recent data released by the Nigerian Communications Commission (NCC) indicate that active subscriptions for telecommunications services across the mobile networks of MTN, Airtel, Glo,...

FirstBank convenes Nigeria Economic Outlook webinar for 2023

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the 2023 edition of its Nigeria Economic Outlook event....

Emefiele returns from abroad, resumes work at CBN

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has resumed duty after his annual vacation abroad. A letter by Osita Nwanisobi, Director of...

Non-Performing Loans: FirstBank MD, Adeduntan canvasses close monitoring of customers’ loans

Managing Director/Chief Executive Officer of FirstBank, Dr. Adesola Adeduntan, has advised financial institutions in the country to be vigilant and improve the monitoring of...

UK authorities liquidate Next International owned by Peter Obi

United Kingdom authorities have struck off its records, Next International (UK) Limited, largely owned by Peter Obi, the Presidential Candidate of the Labour Party....

Southern Sun Ikoyi rebranded to Mövenpick as Kasada Holdings completes takeover

Kasada Albatross Holding has completed the acquisition of Southern Sun and commenced operation under the Mövenpick brand. The hotel commenced operations under the Mövenpick brand...

Zenith Bank announces retirement of two Executive Directors from its Board

Zenith Bank Plc has announced the retirement of two Executive Directors, Ummar Shuaib Ahmed and Dennis Olisa, from its board effective December 28th 2022. This was...

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