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Business & Economy

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,...

The board of FBN Holdings Plc has announced the retirement of Kayode Akinkugbe as Managing Director and Taiwo Okeowo as Deputy Managing Director of...

CBN sacks boards of Titan Trust, Union, Polaris, Keystone banks

The Central Bank of Nigeria (CBN) on Wednesday dissolved the boards of four banks – Titan Trust Bank, Union Bank, Polaris Bank, and Keystone...

Breaking: EFCC raids Dangote Group’s headquarters in Lagos

Reports indicated that operatives of the Economic and Financial Crimes Commission, EFCC)  on Thursday raided the headquarters of the Dangote Group. The raid, according...

Nova Merchant Bank appoints Oyedeji as new MD/CEO

In preparation for its transformation to a full commercial bank, the board of Nova Merchant Bank has appointed Mr. Adebowale Oyedeji as its new...

Emefiele “incompetent and I’ll-prepared” for the role of CBN governor, Moghalu

Embattled former governor of the central bank of Nigeria, Godwin Emefiele is grossly incompetent, I’ll-prepared for the role of the CBN governor and “doubtlessly...

CBN extends validity of old naira indefinitely

The Central Bank of Nigeria has announced its intention to extend the validity of the old N200, N500, and N1,000 noted indefinitely. The bank disclosed...

Nigeria launches new oil grade…exports 950,000 barrels to France and Netherlands

The NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market. According...

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