Category: Business
FG to collect fresh $2.25bn loan from World bank June 13
12 May 2024
The Federal Government is poised to receive fresh loan funding from the World Bank, with approval expected for loans totalling $2.25bn on June 13, 2024. The funding will be received via two major development projects. The first project is the Nigeria Reforms for Economic Stabilization to Enable Transformation Development Policy Financing, which is set to […]
Continue ReadingNigerian stakeholders demand Binance reveal identity of bribe agent
08 May 2024
SIBAN’s executive secretary, Rume Ophi, stressed that Binance should reveal names to substantiate the claim and allow authorities to address wrongdoing. 364 Total views 1 Total shares Own this piece of crypto history Collect this article as NFT Nigerian cryptocurrency industry stakeholders are demanding that Binance reveal the identity of the official who attempted to […]
Continue ReadingNaira crashes, trades at N1,416/$1 at official window
08 May 2024
The Nigerian currency, the naira, reversed the gains recorded on Monday, May 6, 2024 to crash to N1, 416/$1 on Tuesday, May 7, 2024 data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has shown. At the end of trading on Tuesday, the naira lost N62.36 against the dollar when compared to the previous exchange […]
Continue ReadingNAF aircraft crashes in Kaduna
04 Apr 2024
A Nigerian Air Force, NAF, Super Mushshak trainer aircraft crashed in Kaduna on Thursday. The Mushshak aircraft crashed at about 2:35 pm. A statement issued by NAF spokesman, Air Vice Marshal Edward Gabkwet, said no casualty was recorded as the two pilots escaped unhurt. “The accident, which occurred at about 3.5 nautical miles from Kaduna […]
Continue ReadingThe Plan to Launch a Satellite from Nigeria in 2025 is no Longer Feasible
04 Apr 2024
Halilu Shaba, the Director-General of the agency, conveyed this information during the ongoing 8th Science, Technology, and Innovation (STI) Expo, which revolves around the theme “STI: Solutions to National Economic Challenges.” According to the agency’s 25-year roadmap, part of its targets was to launch a Nigerian astronaut in space and an indigenous satellite from […]
Continue ReadingJim Ovia, to pocket 2 billion naira Zenith Bank half-year dividend
17 Sep 2023
Nigerian banking giant Zenith Bank has reported remarkable financial results for the first half of 2023, with profits soaring by a staggering 161.85 percent, propelling Jim Ovia, one of Nigeria’s most prominent bankers, who is also the highest shareholder and founder of Zenith bank to receive an interim dividend of N2.54 billion from his stake […]
Continue ReadingAfter UK success, Nigerian snack foods company returns to its roots
17 Sep 2023
Chika Russell (left); a selection of Chika’s Food plantain crisps (right). Chika’s Foods is a UK-based company offering nuts, plantain crisps, and rice crisps. Founder and CEO Chika Russell was inspired by snacks and flavours from Nigeria, where her family originally hails from. Jeanette Clark speaks to Russell about getting her snacks onto the […]
Continue ReadingPresident Tinubu has appointed Dr Olayemi Michael Cardoso as the new CBN Governor
17 Sep 2023
#BREAKING: PRESIDENT TINUBU NOMINATES NEW CBN GOVERNOR AND MANAGEMENT TEAM FOR SENATE SCREENING AND CONFIRMATION President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending his confirmation by […]
Continue ReadingOlayemi Cardoso Biography, Family, Education, Career and Net Worth
17 Sep 2023
The biography, family, education, career and net worth of Olayemi Cardoso. Olayemi Micheal Cardoso is a Nigerian banker, chartered stockbroker and public policy maker. He served as the former chairman of Citibank Nigeria and was the Commissioner for Lagos State Ministry of Economic Planning and budget. He was nominated as Central Bank of Nigeria’s Governor by President Bola Tinubu […]
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