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Revealed! Banks that made recapitalisation moves in 2024

Earlier in the year, the CBN gave Nigerian banks across various tiers directives to meet new capital base The bank capitalisation plan is seen...
Business

Revealed! CBN shares Naira expectation in 6 months

More naira depreciation is expected this month and in the first three months of 2025, according to Nigerian companiesA CBN survey revealed that companies...
Business

BDCs speaks on new bank directive on FX purchase, details emerge

The CBN has received praise from ABCON for authorising the sale of interbank FX to its membersThis follows the temporary granting of access to...
Business

Revealed! Nigerian banks restrict multiple account owners to N20,000 withdrawal

The maximum amount of N20,000 that multiple account holders can withdraw from ATMs may have been set by commercial banksThe cash shortage has gotten...
Business

Revealed! Nigeria spends N26bn over power shortages yearly

To mitigate the impact of power disruptions, businesses invest more than $22 billion annually in off-grid fuelIt concluded that the availability of energy is...
Business

Revealed! Nigeria’s longest runway airport to finally begin operation

After gaining regulatory approval to start operating non-scheduled charter flights, the Gateway International Agro-Cargo Airport is starting to take shapeWith ValueJet Airline now operating,...
Business

Report shows unemployment rate in Africa, Nigeria’s position shocks many

Africa's high young unemployment rate continues to be one of the continent's most urgent problemsIn spite of the continent's immense potential, the unemployment rate...
Business

Group speaks on solutions to increasing inflation in Nigeria

The LCCI has cautioned on numerous occasions that rate hikes alone won't be sufficient to lower inflationThe LCCI president claimed that reduced investment...
Business

Firm advises over crude oil supply mechanism, see details

A law firm has investigated the procedures for upholding the nation's commitments on the supply of crude oilThis is part of its effort to...
Business

Revealed! CBN finally addresses deadline for circulation of old naira notes

Reports that the former series of N200, N500, and N1,000 banknotes will be discontinued have been refuted by the CBNThis is amid rumour that...
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