NCC Boss Alerts, Switching off mobile data during idle periods can significantly reduce consumptionAkpabio Seeks Stronger Collaboration With ChinaNAF pharmacist makes history with triple honors at PSN national conferenceEFCC – Olukoyede to Nigerian Youths, Replace Cybercrimes With Cyber ValuesMC Oluomo Assumes Office As President Despite Court Order
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Category: Economy and Capital Markets
USD/NGN exchange rate appreciates massively
The Naira appreciated massively against the dollar upon resumption of trading at the official market on Monday. FMDQ data showed that the Naira appreciated to N1500.32 to the dollar on…
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9mobile Takes Another Giant Step, Appoints New Chief Financial Officer
The Board of Directors of Emerging Markets Telecommunication Services Limited (EMTS), operating as 9mobile, has announced the appointment of seasoned business and finance professional; Abolaji Idowu as the new Chief…
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Nigeria’s FX reserves hit $34.7bn
Nigeria’s foreign exchange reserves have reached a high of $34.7bn, according to data obtained from the Central Bank of Nigeria’s website on Sunday. This represents an increase of $110m from…
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How FBN Holdings’s Gross Earnings Soared by 181% in the First Quarter
FBN Holdings grew gross earnings by 181.43 per cent to N1.60tn in the first quarter of 2024. In a statement on Sunday, the group noted that the better-than-expected performance underscored…
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Former MTN Boss, Adrian Wood Returns To Nigeria To Lead Ntel As New CEO
The former Chief Executive Officer of MTN Nigeria, Mr. Adrian Wood, has returned to the Nigerian telecoms sector as the new CEO of ntel, the telecoms company that emerged from…
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Ecobank Unveils New Trade Hub to Connect Intra-Africa Traders
Vibrant financial institution, Ecobank Nigeria has restated its commitment to boost the export potential of locally produced textile, Adire, leveraging the African Continental Free Trade Agreement. The Executive Director of…
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Ecobank Shareholders Plans to Raise $600M in Eurobonds in 2024
The shareholders of Ecobank Transnational Incorporated have given their approval for it to raise N600m in fresh capital raise within one year. This was revealed in the resolutions adopted at…
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Nigeria’s economy’ll hit $1.85tn by 2029, IMF predicts
The International Monetary Fund has predicted that Nigeria’s economy will reach $1.85tn by 2029, in Purchasing Power Parity terms. This forecast suggests a significant growth trajectory for the country’s economy…
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Naira may settle at 1450/$ by Dec, says Fitch Ratings
International credit rating agency, Fitch Ratings has projected that the Nigerian currency, the naira, will end the year at 1,450 to the United States of American dollar. This…
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FCCPC: Approved loan apps companies in Nigeria rise to 284 in May 2024
Total number of loan app companies approved by the Federal Competition and Consumer Protection Commission, FCCPC, and the Central Bank of Nigeria has surged to 284 as of May 2024. …
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