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.
NDIC has endorsed CBN’s regulatory measures, promising to protect depositors’ interests and to ensure seamless transition.
Grateful for reappointment, Georgieva vows to lead IMF through global challenges and to focus on policy advice and capacity development.
Supported by capital inflows and consecutive interest rate hikes, the Naira’s recent rally saw it close at N1,142/$ on Friday.
OPEC and its allies, known as OPEC+, last week agreed to keep oil output cuts in place until end of June.
Minister of Works Umahi says the Lagos-Calabar coastal highway project will only remove 15 meters of Landmark beach shoreline and shanties.
Air Peace CEO Allen Onyema claims foreign airlines intend to drive the Nigerian carrier out of the market.
Keyamo said Gatwick Airport welcoming Air Peace one week after its inaugural flight to the airport was belated but accepted.
Nigeria blames massive oil theft, declining investment and outright sabotage for inability to meet 1.5 million bpd OPEC quota.
Zenith Bank remains the most profitable bank in Nigeria generating N795.96 billion profit before tax in 2023.
The World Bank says the pace of Africa’s economic expansion remains below the growth rate of the previous decade.
Mounting petrol payment backlog poses a challenge to Nigeria’s efforts to manage its strained finances, says a Reuters report.
Nigerian banks have been given 90 days to wind down dollar-denominated collaterals following CBN’s prohibition for Naira loans.
Aviation Minister Keyamo says judges have been advised not to grant injunctions to detain aircraft on dry lease in Nigeria.
Nigeria’s inflation reaching 31.7% in February 2024 necessitated the more aggressive response of the CBN to address inflationary pressures.
Afreximbank VP Kanayo Awani says Africa can boost its trade for a shared prosperity among countries within the continent.
Nigeria’s Customs praised stakeholder cooperation and compliance for achieving revenue targets and facilitating smoother cargo clearance processes.
Dele Alake has advised mining companies to emulate the international best practices of Segilola gold project to develop the sector.
Afreximbank’s Net interest income reached $1.4 billion, total assets grew by 20.12% by the end of 2023 FY.
Air Peace CEO Allen Onyema attests to President Tinubu’s efforts in encouraging private sector players by removing obstacles to business.
The World Bank has loaned Ethiopia $1.72bn to enhance electricity, water supply and food transportation.
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