Billionaire businessman Femi Otedola has accused Jim Ovia, chairman of Zenith Bank, of engaging in fraudulent activities involving the bank account of his company, Seaforce Shipping...
Billionaire businessman Femi Otedola has accused Jim Ovia, chairman of Zenith Bank, of engaging in fraudulent activities involving the bank account of his company, Seaforce Shipping...
Nairametrics can confirm that First Bank has received the full repayment of a “N456 billion loan” extended to Heritage Bank. This recovery is part of a...
Nairametrics can confirm that First Bank has received the full repayment of a “N456 billion loan” extended to Heritage Bank. This recovery is part of a...
The exchange rate between the naira and the dollar fell to N1,484.75 on Thursday, May 30, 2024, marking the second consecutive day of decline. Earlier in...
The naira has remained stable at N1,339.33/$1 on the Nigerian Autonomous Foreign Exchange Market (NAFEM) window on Tuesday, marking no change from the previous day’s rate. ...
VFD Group Plc, a leading proprietary investment company, has released its financial statements for the first quarter of 2024. The company reported a revenue of N12.4...
VFD Group Plc, a leading proprietary investment company, has released its financial statements for the first quarter of 2024, showcasing a significant improvement in its financial...
The Federal Government has assured that home delivery of passports will commence in June making it unnecessary for Nigerians to travel to immigration offices to obtain...
The Nigerian Naira displayed a marginal appreciation against the US dollar on the official market, despite a significant decline in foreign exchange (FX) turnover. On May...
United Bank for Africa’s share price can hit the N100 per share mark, according to Oliver Alawuba, the Group Managing Director of the bank. He made...
Iranian President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian perished in a helicopter crash amidst treacherous mountainous terrain and icy conditions, an Iranian official disclosed on...
The Nigerian Minister of Health and Social Welfare, Muhammad Ali Pate, has publicly refuted a recent report by Platinum Post, which announced the rollout of a...
A senior ABCON official cites insufficient dollar allocations from the CBN as the primary cause for the Naira’s recent depreciation, not the actions of BDC operators....
A senior ABCON official cites insufficient dollar allocations from the CBN as the primary cause for the Naira’s recent depreciation, not the actions of BDC operators....
The exchange rate between the naira and the dollar reached an intra-day high of N1,515 on Monday, according to data from FMDQ, where currencies are traded...
FBN Holdings has announced that Mr. Tunde Hassan-Odukale has officially stepped down as Chairman of First Bank of Nigeria Limited, following the expiration of his tenure....
The International Monetary Fund (IMF), the financial body has endorsed the economic reforms implemented by President Bola Ahmed Tinubu’s administration, noting significant strides in addressing Nigeria’s...
The Lagos State government has revealed that 80% of buildings around the Ibeju Lekki and Epe corridor do not have government approval. This was made known...
The Nigerian Electricity Regulatory Commission (NERC), acting under the provisions of the Nigeria Electricity Act, has ordered the establishment of an Independent System Operator (ISO) to...
The Edo State Governor, Godwin Obaseki, has authorized an increase in the minimum wage for workers in the state from N40,000 to N70,000. The announcement was...
Oil marketers have blamed the fresh scarcity of Premium Motor Spirit (PMS) otherwise known as petrol, which is currently being experienced in some parts of the...
The naira has continued its recovery against the US dollar at the parallel market as it appreciated to N1280/$1 on Saturday, according to information obtained by...
The Economic and Financial Crimes Commission (EFCC) says it has frozen over 300 accounts on suspicion of being linked to illicit forex trading which would have...
The Federal Government has commenced the unbundling process for the 11 electricity distribution companies (DisCos) along state lines for better efficiency. This was made known by...
The Nigerian Electricity Regulatory Commission (NERC) has officially transferred the oversight of Ekiti State’s electricity market to the Ekiti State Electricity Regulatory Bureau (EERB). Set to...
The Nigerian Electricity Regulatory Commission (NERC) has ceded the regulatory oversight of the Enugu electricity market to the Enugu Electricity Regulatory Commission (EERC), which is owned...