Business

Nigeria Considers Forex Allocation to Boost Power Generation Amid Under-Capacity Woes

Power Minister Adelabu says forex sourcing is the sector’s major constraint to maintenance and sustainability, hence the collaboration with CBN.

6 months ago

Wigwe’s Fearless Legacy: Access Holdings Reports Record N2.59 Trillion Gross Earnings in 2023

Access Bank has announced a 100"% increase in interest income for the 2023 financial year.

6 months ago

Cryptocurrency Mogul Sam Bankman-Fried Sentenced To 25 Years In Prison For Massive Fraud

Bankman-Fried will be appealing his 25-year jail sentence for orchestrating one of the largest financial frauds in US history.

6 months ago

World Bank Group Releases Data to Spur Private Sector Investment in Emerging Markets

World Bank Group fulfills promise to publish more proprietary data, including debt defaults, to attract private sector investment.

6 months ago

NNPC Plans Replacement of Over 5,000km Dilapidated Pipelines in 3 Years

NNPC Boss Kyari says the company plans to bridge the energy access gap in Nigeriad by developing the right infrastructure.

6 months ago

FIRS Targets N5 Trillion From VAT

The EU has blamed the high level of tax evasion in Nigeria on absence of transparency in tax management process.

6 months ago

FAAN Shuts Down KFC Outlet at Lagos Airport Over Discrimination Against Disabled Passenger

The KFC management has been ordered to issue a written apology to the individual denied access due to his disability.

6 months ago

2023FY: Access Holdings’ Profit Rises By 335% To N729 Billion, Records N26.7 Trillion Total Assets

Following a declaration of N729bn profit before tax, Access Holdings has proposed a N2.10 Dividend Per Share.

6 months ago

NNPC Denies Downward Review Of Petrol, Diesel Prices, Urges Nigerians To Disregard Rumours

NNPC says the reports of downward price review of petroleum products are false.

6 months ago

Naira Appreciates Further Against Dollar, Hits N1,300.43/$1 On Official Market, N1320/$1 At Parallel Market on Wednesday

On the forex trading window, the naira’s highest and lowest spot rate were N1,460 and N1,200 on Wednesday.

6 months ago