Business

Intercontinental Hotels Dispute: Milan Industries Files N850 Billion Suit Against AMCON

Milan Industries has filed an N850 Billion Suit against AMCON over their alleged wrongful sale of Intercontinental Hotels.

5 months ago

Nigeria To Receive Final Approval For $2.25bn Loan From World Bank Board In June

Finance Minister Wale Edun has said that Nigeria’s recent monetary tightening policies increased the country’s 2024 growth projection to 3.4%

5 months ago

Nigeria Needs To Demystify Dollar To Address Its Impact On The Economy, Says Former CIBN President Ajibola

Former CIBN president Ajibola has stressed the need to reduce dollar dependency in Nigeria, citing its pervasive influence in economic…

5 months ago

CBN’s New CRR Policy Hinders Petroleum Marketers’ Financing For Dangote Refinery Products

Petroleum marketers have said that the monetary policy tightening has made it difficult for them to get huge loans to…

5 months ago

Nigeria Pursues Dollar-Denominated Domestic Bonds To Tackle Forex Crisis, Says DMO

Finance Minister Edun has announced plans to issue domestic bonds denominated in foreign currency to alleviate forex challenges.

5 months ago

Naira Falls After Remarkable Rebound, Hits N1,250/$ At Parallel Market, N1,234/$1, Official Market

The value of the naira dipped on Monday at both the official and parallel markets after its six-week hot streak.

5 months ago

FBN Holdings Appoints Olusegun Alebiosu As Acting CEO Of First Bank

FBN holdings has announced Olusegun Alebiosu as new acting CEO of First Bank following Adesola Adeduntan's resignation.

5 months ago

Dangote Refinery To Potentially Reduce West Africa’s Petrol Imports By 290,000 bpd, Says S&P Global

Analysts have said that the Dangote refinery has to potential to alleviate Nigeria’s cost of living crisis.

5 months ago

NNPC Reaffirms Goal To Make Nigeria Gas-Powered Nation

NNPC has reiterated its commitment to transforming Nigeria into a gas-powered nation, in line with the country’s enormous natural endowment.

5 months ago

‘Free Money’: Nigeria Secures $2.25bn Loan From World Bank At 1% Interest Rate, Says Edun 

Wale Edun says the World Bank’s $2.25bn loan to Nigeria is the “closest you can get to free money.”

5 months ago