Business

Bloomberg: Nigeria Weighing Sale of NNPC, Others to Raise Funds

“It is better for us to own 49 per cent of a high performing entity than 90 per cent of…

1 year ago

MTN to Sell Minority Stake in $5.2bn Fintech Business to Mastercard

The deal is to support the acceleration and growth of MTN’s fintech business payments and remittance services.

1 year ago

FX Arbitrage Widens to N206/$1 Enabling Round-Tripping, CBN Vows Crackdown

With I& E window at N744/$1 and parallel market at N950/$1, Shonubi said Tinubu “very concerned” about naira slide and…

1 year ago

Forex: CBN Vows To Crackdown On Currency Speculators 

The apex bank said the President is concerned about developments in the market and assured that impactive intervention measures will…

1 year ago

Forcados Leak, Crude Oil Theft Plunge Nigeria’s Oil Output To 3-Month Low, Second Lowest in 2023

Industry data shows production fell to 1.081m bpd in July.

1 year ago

With $17bn Net Reserves, CBN’s Audited Account Shows $13.8bn Exposure to JP Morgan, Goldman Sachs, FX Forwards

It has Introduced a framework for in-country FX transfers to remove barriers.

1 year ago

Tinubu Vows To ‘Leave No Stone Unturned’ in Ensuring Quick Recovery Of Nigeria’s Economy 

“So far, we have taken some baby steps and pushed some aggressive positions," he said.

1 year ago

CBN Attributes Naira Crash To Diversion of Diaspora Remittances To Parallel Market

Shonubi said that policies should be put in place to control and detect channels for illegal remittances.

1 year ago

Telcos Raked in N3.8trn Revenue, Raised Active Subscriber Numbers to 222 Million in 2022

According to NCC, the figures was a collation based on the submissions received from service providers in the industry

1 year ago

Excess Liquidity Weakens Naira Further at Parallel Market to N950/$1

However, on the Investors and Exporters’ (I&E) window, the naira closed at N781/$1 compared with its opening rate of N782/$1.

1 year ago