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Business & Economy

FBN Holdings declares N270b profit in Q3 2023

FBNHoldings, the parent company of Nigeria’s premier financial institution, has reported profit before tax of N270 billion in the nine months ended September 30,...

GTCO Plc announces N433.22bn PBT for Q3 2023 unaudited results

Guaranty Trust Holdings Company PLC (“GTCO” or The “Group”the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September...

Sanwo-Olu opens vehicle assembly plant in Lagos

The Lagos State Governor, Babajide Sanwo-Olu, has formally launched the GAC Car Assembly Plant in Lagos. The Governor disclosed this in a statement on Tuesday. According...

South Africa may overtake Nigeria as Africa’s biggest economy in 2024 – IMF

The International Monetary Fund, (IMF) through its World Economic Outlook has released a report tipping South Africa to overtake Nigeria as Africa’s biggest economy...

Breaking: President Tinubu appoints new CEOs for CAC, SON, ITF, others

President Bola Tinubu has approved the appointment of 14 new Chief Executive Officers of several agencies and parastatals under the Federal Ministry of Industry,...

Nigeria’s economic reforms target $1trn GDP in 8yrs – Cardoso

After failing to achieve $900 billion gross domestic product (GDP) vision 20:2020 target, Nigeria has said the country will increase the economic balance sheet...

FX: CBN lifts restriction on 43 items

The Central Bank of Nigeria (CBN) has restated its commitment to boost liquidity in the Foreign Exchange (FX) market. CBN’s Director, of Corporate Communications,...

CBN to exit dev. finance interventions, to focus more on core mandate – Cardoso

The governor of the central bank of Nigeria, CBN, Olayemi Cardoso, on Thursday disclosed that the institution will pull back from direct development finance...

UAE lifts visa ban on Nigerians after Tinubu’s meeting

The economic diplomacy of the Tinubu administration on Monday yielded another dividend as the United Arab Emirates (UAE) lifted its visa ban imposed on...

120,000 MSMEs to benefit from DBN’s N150bn loans in 2023

The Development Bank of Nigeria, DBN has announced plans to disburse N150 billion to micro, small, and medium enterprises (MSMEs) across the country in...

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