Business

EKEDC Leadership Shake-up: Politics, Allegations, And Power Play Unfold

Controversy brews as former EKEDC CEO contests removal, exposing deeper rifts within EKEDC's leadership structure.

6 months ago

Xiaomi Ventures into Electric Vehicle Market with Launch of SU7

As Xiaomi launches first electric car, it has announced plans to invest $10 billion in its vehicles business in the…

6 months ago

Tilewa Adebajo: After A Period of Disequilibrium, Nigeria’s Economy Now Returning To Point of Equilibrium

"There's $60bn to $65bn potential of capital importation into Nigeria on a yearly basis," says Tilewa Adebanjo.

6 months ago

Ethiopia’s Largest Bank Recovers Majority Of Funds Lost in System Glitch

Around 15,000 customers have willingly returned money that was "taken illegally" from Ethiopia's largest bank.

6 months ago

Cardoso Insists All Verified FX Backlogs Settled, Says Security Agencies Probing Dubious Transactions

CBN Governor Cardoso has again insisted that a reported FX backlog of $2.4 billion remains invalid for settlement.

6 months ago

Nigerian Lawmakers Seek Enhanced Trade Opportunities With WTO In Digital, Marine Sectors

Senator Natasha Akpoti-Udoaghan believes Nigeria can boost its non-oil exports to earn forex for the economy.

6 months ago

Naira Appreciates To N1,350/$1 In Parallel Market, Closes At N1,382.95/$1 In Official Window

The Naira has appreciated at both the official window and parallel market to N1,382.95/$1 and N1,350/$1 respectively.

6 months ago

CBN Raises Interest Rate To Record 24.75%

Following Tuesday's MPC meeting, the CBN has raised MPR to 24.75% and retained CRR at 45%

6 months ago

Airbus Writes Aviation Minister Keyamo, Pledges To Work With Nigeria To Boost Air Transport

Ibom Air has received the first of 10 Airbus aircraft and is establishing an MRO facility for aircraft maintenance.

6 months ago

Subsea Cable Cut: 35 Networks Restored, Full Restoration Of Cables To Gulp $8m

Multiple landslides have been suggested as the probable cause of cut undersea cables rather than sabotage.

6 months ago