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Business

Home Business Page 81
At N1,539/$, naira gains as forex inflow hits $5.6bn in May
Posted inBusiness

At N1,539/$, naira gains as forex inflow hits $5.6bn in May

A report has indicated that the inflow of foreign exchange into the economy has reached a six-year peak, with foreign exchange (fx) inflows totaling $5.96bn in May. According to FMDQ…
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Posted by Taiwo Ayomide June 12, 2025
Nigeria exported agricultural products worth N1.7 trillion and recorded foreign trade of N36 trillion in Q1, according to the NBS
Posted inBusiness

Nigeria exported agricultural products worth N1.7 trillion and recorded foreign trade of N36 trillion in Q1, according to the NBS

In the first quarter of 2025, Nigeria's total trade with foreign nations amounted to N36 trillion. A report from the National Bureau of Statistics (NBS) indicated that Nigeria's exports were…
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Posted by Taiwo Ayomide June 12, 2025
CBN denies extension of BDC recapitalisation deadline
Posted inBusiness

CBN denies extension of BDC recapitalisation deadline

The Central Bank of Nigeria (CBN) has rejected reports claiming that the deadline for Bureau De Change (BDC) operators' recapitalisation has been postponed to December 31, 2025. The CBN, via…
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Posted by Taiwo Ayomide June 12, 2025
Bakare signs training pact with UNILAG Business School
Posted inBusiness

Bakare signs training pact with UNILAG Business School

On Wednesday, the Citadel School of Government (CSG) and the University of Lagos Business School (ULBS) signed a Memorandum of Agreement (MoA) to introduce an Advanced Diploma in Public Leadership…
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Posted by Taiwo Ayomide June 12, 2025
FG to construct bamboo houses for individuals with low to moderate incomes
Posted inBusiness

FG to construct bamboo houses for individuals with low to moderate incomes

The Permanent Secretary, Federal Ministry of Innovation, Science and Technology, Mrs. Esuabana Nko Asanye, who disclosed this in Abuja on Wednesday added that the Nigerian Building and Road Research Institute…
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Posted by Taiwo Ayomide June 12, 2025
How Tier 1 banks can bolster a $1 trillion economy
Posted inBusiness

How Tier 1 banks can bolster a $1 trillion economy

  In an effort to realize Nigeria’s goal of becoming a US$1trn economy by 2030, Tier 1 banks have been called upon to find more innovative methods for providing medium-…
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Posted by Taiwo Ayomide June 12, 2025
FCCPC inaugurates task force against harmful products
Posted inBusiness

FCCPC inaugurates task force against harmful products

On Wednesday in Abuja, the Federal Competition and Consumer Protection Commission (FCCPC) launched a Joint Market Monitoring Taskforce (JMMT) aimed at overseeing the prices of goods in various markets and…
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Posted by Taiwo Ayomide June 12, 2025
Commissioner: Benue adopts its inaugural power sector policy
Posted inBusiness

Commissioner: Benue adopts its inaugural power sector policy

The government of Benue State announced the formulation and adoption of an all-encompassing power sector policy designed to steer energy development and broaden electricity access for its population. Barrister Omale…
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Posted by Taiwo Ayomide June 11, 2025
Afreximbank dismisses Fitch’s unfavorable rating and clarifies debt restructuring
Posted inBusiness

Afreximbank dismisses Fitch’s unfavorable rating and clarifies debt restructuring

The recent evaluation by global ratings agency Fitch has been rejected by the African Export-Import Bank (Afreximbank), which asserts that it is in a robust financial position. On Tuesday, the…
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Posted by Taiwo Ayomide June 11, 2025
FG puts new injection substation into operation in Borno
Posted inBusiness

FG puts new injection substation into operation in Borno

Kashim Shettima, the Vice President, has inaugurated a new 1×7.5MVA 33kV/11kV distribution injection substation at Borno State University. This project was carried out by the Niger Delta Power Holding Company…
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Posted by Taiwo Ayomide June 11, 2025

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