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Business

Home Business Page 56
Minister: FG requires $10 billion to rescue the power sector
Posted inBusiness

Minister: FG requires $10 billion to rescue the power sector

Chief Adebayo Adelabu, the Minister of Power, stated that approximately 10 billion dollars is required by the Federal Government to rescue the power sector. During the weekend at the Nigerian…
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Posted by Taiwo Ayomide May 19, 2025
Youths from the North: Kano’s economic activities being paralyzed by power crisis
Posted inBusiness

Youths from the North: Kano’s economic activities being paralyzed by power crisis

As the electricity supply in Kano State deteriorates, the Northern Youth Assembly (NYA), Kano State Chapter, has made a forceful appeal for immediate and strategic measures to tackle what it…
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Posted by Taiwo Ayomide May 19, 2025
FG gives the go-ahead for Kolmani oil project regulatory approvals
Posted inBusiness

FG gives the go-ahead for Kolmani oil project regulatory approvals

President Bola Ahmed Tinubu has approved the issuance of all essential regulatory licenses for the Kolmani Integrated Development Projects. The project is situated between Bauchi and Gombe States, where the…
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Posted by Taiwo Ayomide May 19, 2025
Nigeria is now a member of the European reconstruction and development bank
Posted inBusiness

Nigeria is now a member of the European reconstruction and development bank

Nigeria has officially become a member of the European Bank for Reconstruction and Development (EBRD), which is a move aimed at enhancing private sector access to international capital and aiding…
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Posted by Taiwo Ayomide May 19, 2025
MPC: Reasons analysts suggest CBN might maintain rates
Posted inBusiness

MPC: Reasons analysts suggest CBN might maintain rates

Prior to the Central Bank of Nigeria's (CBN) Monetary Policy Committee (MPC) meeting, analysts and financial experts forecast that rates will remain unchanged as the authorities work to stabilize the…
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Posted by Taiwo Ayomide May 19, 2025
DBN allocates more than N1 trillion in loans to MSMEs, aiming for a capital of N1.3 trillion
Posted inBusiness

DBN allocates more than N1 trillion in loans to MSMEs, aiming for a capital of N1.3 trillion

The bank is investigating ways to raise its debt and equity capital financing to N1.3 trillion over the next five years. Tony Okpana, the bank's managing director, stated that its…
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Posted by Taiwo Ayomide May 19, 2025
BRICS: Nigeria Participates with Other High-Ranking Diplomats in Talks About Donald Trump’s Trade Policies
Posted inBusiness

BRICS: Nigeria Participates with Other High-Ranking Diplomats in Talks About Donald Trump’s Trade Policies

  On April 28, 2025, Nigeria will work together with senior diplomats from BRICS countries in Brazil to tackle the difficulties arising from the aggressive trade policies of US President…
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Posted by Taiwo Ayomide April 28, 2025
The latest parallel market exchange rate shows that the naira is fighting back against the US dollar.
Posted inBusiness

The latest parallel market exchange rate shows that the naira is fighting back against the US dollar.

In the parallel market on Tuesday, the value of the Nigerian Naira increased from ₦1,620 to ₦1,618 per dollar the day before. In contrast, on the Nigerian Foreign Exchange Market…
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Posted by Taiwo Ayomide April 16, 2025
Today’s 15 April 2025 Black Market Dollar (USD) to Naira (NGN) Exchange Rate
Posted inBusiness

Today’s 15 April 2025 Black Market Dollar (USD) to Naira (NGN) Exchange Rate

View the black market exchange rate between dollars and naira for April 14th below. At these prices, you may exchange your $ into Naira. According to reports at the Bureau…
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Posted by Taiwo Ayomide April 15, 2025
Access Bank Gets Permission to Purchase Kenya’s National Bank
Posted inBusiness

Access Bank Gets Permission to Purchase Kenya’s National Bank

Access Bank will acquire NBK by buying its shares from KCB Group PLC, which has controlled the bank fully since 2019, according to a statement issued by the CBK on…
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Posted by Taiwo Ayomide April 14, 2025

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