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Business & Economy

Breaking: External reserves rise to $34.11bn as CBN settles all FX backlog

For the first time in eight months, Nigeria’s external reserves climbed to $34.11bn even as the Central Bank of Nigeria (CBN disclosed that it...

Aig-Imoukhuede returns as board Chairman, Access Bank Holdings, 10 years after exit as bank CEO

Access Holdings Plc has announced the return of Aigboje Aig-Imoukhuede as its Non-Executive Chairman. This is coming exactly 10 years after completing his term...

Again, Nigerian Breweries hikes price of products…second time in two months

For the second time in two months, brewery giant, Nigerian Breweries Plc announced another increase in the price of its products after the earlier...

Goldman Sachs projects stronger future for the Naira, says currency will exchange for N1,200/1$ in 12 months

American investment and financial services giant, Goldman Sachs says the naira will appreciate to N1,200 against the dollars in the next twelve months. The financial...

FG evicts Emefiele from Lagos official residence

Disgraced former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has reportedly been evicted from his Lagos official quarters by the...

Access Bank appoints Bolaji Agbede Acting CEO

Access Holdings Plc has announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. The appointment of Ms. Agbede was...

IMF advises FG to completely phase out fuel and electricity subsidies

The excruciating economic hardship Nigerians are going through notwithstanding, the International Monetary Fund (IMF) has asked the federal government to completely phase out petrol...

FirstBank emerges Euromoney “Best Corporate Bank” in Nigeria

Nigeria’s financial behemoth, First Bank of Nigeria Limited (FirstBank) is Nigeria’s Best Corporate Bank, according to the recent ranking of the prestigious Euromoney magazine...

Fx demand for foreign education, medical tourism exceeds total reserves – Cardoso

The governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso on Tuesday said said the $40 billion foreign exchange demand to pay for...

Breaking: FBNHoldings appoints Otedola board chairman

The First Bank of Nigeria Holdings has appointed Nigerian billionaire and businessman, Femi Otedola, as the new chairman of its board of directors. Mr. Otedola,...

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