Business

NDIC Supports CBN’s Bank Recapitalisation Move, Pledges Collaboration for Economic Resilience

NDIC has endorsed CBN's regulatory measures, promising to protect depositors' interests and to ensure seamless transition.

7 months ago

IMF Board Selects Kristalina Georgieva for Second Term as Managing Director

Grateful for reappointment, Georgieva vows to lead IMF through global challenges and to focus on policy advice and capacity development.

7 months ago

‘World’s Best Currency’: Goldman Sachs Optimistic About Naira’s Fortunes As Rebound Nears N1,000/$

Supported by capital inflows and consecutive interest rate hikes, the Naira's recent rally saw it close at N1,142/$ on Friday.

7 months ago

OPEC Forecasts Robust Fuel Use Amid Global Economic Growth Prospects

OPEC and its allies, known as OPEC+, last week agreed to keep oil output cuts in place until end of…

7 months ago

Lagos-Calabar Coastal Highway: Landmark’s Facilities Will Remain Intact, There’ll Be No Job Losses, Umahi Assures 

Minister of Works Umahi says the Lagos-Calabar coastal highway project will only remove 15 meters of Landmark beach shoreline and…

7 months ago

Air Peace Lagos-London Service ‘Sparks Price War’ Among Foreign Airlines

Air Peace CEO Allen Onyema claims foreign airlines intend to drive the Nigerian carrier out of the market.

7 months ago

Keyamo Applauds Gatwick Airport For Welcoming Air Peace Lagos-London Service

Keyamo said Gatwick Airport welcoming Air Peace one week after its inaugural flight to the airport was belated but accepted.

7 months ago

S&P Survey: Theft, Sabotage Responsible As Nigeria’s Crude Oil Production Dips To 1.45 Million BPD In March

Nigeria blames massive oil theft, declining investment and outright sabotage for inability to meet 1.5 million bpd OPEC quota.

7 months ago

Despite Economic Challenges, Zenith, Access, UBA, GTCO, Two Others Generated N3.11tn Profit in 2023

Zenith Bank remains the most profitable bank in Nigeria generating N795.96 billion profit before tax in 2023.

7 months ago

World Bank: Nigeria Will Grow By 3.3%, African Economies By 3.4% In 2024

The World Bank says the pace of Africa's economic expansion remains below the growth rate of the previous decade.

7 months ago