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Business - Page 415

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

The foreign exchange rate of the United States dollar (USD) increased to N1,477.99 kobo per $1 in the parallel market on Tuesday, December 23, from the N1,476.95 kobo per USD recorded on Monday, December 22. This represents a 0.07 percent decline in

December 23, 2025

Business·Finance & Economy·News

FG To Release Of CBN Audit Report Soon

The Federal Government of Nigeria has revealed that the special investigator, Jim Obazee, has completed an extensive audit report on the operations of the Central Bank of Nigeria (CBN). This highly anticipated report is expected to shed light on the issues that

September 28, 2023

AMA News·Business

SAP Announces New Generative AI Assistant Joule

JOHANNESBURG, South Africa, 27 September 2023 -/African Media Agency(AMA)/- SAP SE (NYSE: SAP) today announced Joule, a natural-language, generative AI copilot that will transform the way business runs. Joule will be embedded throughout SAP’s cloud enterprise portfolio, delivering proactive and contextualized insights from across the breadth

September 28, 2023

Business·Markets·News

Nigerian Stock Market Soars To N2.42 Trillion As Investors Embrace Pro-Market Reforms

In a remarkable surge driven by intensified bargain-hunting for Nigerian equities, the Nigerian equities market has achieved a staggering total transaction value of N2.42 trillion in the first eight months of 2023. A report released by the Nigerian Exchange (NGX) unveiled this

September 28, 2023

Nyesom Wike has once again stirred the hornet’s nest. The former Governor of Rivers State and current Minister of the Federal Capital Territory (FCT) is no stranger to controversy

Business·News

FCT Minister Sacks 21 Heads Of Parastatals, Agencies, Promises New Appointments

Minister of the Federal Capital Territory, Nyesom Wike, has announced the immediate removal of 21 heads of parastatals and agencies within the FCT Administration (FCTA). This was confirmed by the Director of Press, Office of the Minister, Anthony Ogunleye, in a statement

September 28, 2023

Access Bank Obtains Central Bank of Angola’s Approval To Acquire 80% of Finibanco

Agro-Economy·Business·News

Access Bank Invests Over N200 Billion In Agribusiness, Benefitting 10,000+ Ventures

Access Bank Plc’s Executive Director of Commercial Banking, Hadiza Ambursa, has announced that the bank’s investment in agribusiness has surpassed a staggering N200 billion, leading to significant benefits for over 10,000 agribusinesses across Nigeria. Speaking at the bank’s Agriculture and Development Desks

September 28, 2023

Binance To Exit Russia Amidst US Sanctions Probe

Business·Currency·News

Binance To Exit Russia Amidst Sanctions Violation Probe By US

Cryptocurrency giant, Binance, on Wednesday, announced decision to divest its Russian operations, citing its commitment to compliance and distancing itself from potential sanctions violations. This comes in the wake of months-long investigations by US authorities into alleged sanctions breaches involving Russian users

September 27, 2023

Business·News·Oil & Gas

Afrexim Seeks $3 Billion Loan From Oil Traders To Bolster Nigeria’s Naira

In a groundbreaking move aimed at shoring up Nigeria’s dwindling naira, Afrexim Bank is actively engaging oil traders to secure a $3 billion loan for the country’s national oil enterprise, NNPC LTD. The oil-backed loan is pivotal to Nigeria’s ongoing efforts to

September 27, 2023

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

Business·Currency·News

FG Urges CBN To Trim BDCs From 5,000 To 200

Tope Fasua, Special Adviser to President Tinubu on Economic Affairs, has sparked intense debate with a proposal for the reduction of Nigeria’s 5,000+ Bureau de Change operators to just 200 in a major economic policy event. Fasua’s striking suggestion aims to address

September 27, 2023

Blue Economy: Tinubu Appoints New Executive Directors For NPA, NIMASA

Business·Finance & Economy·News

Presidency Explains Tinubu’s CBN Economic Team Appointment

President Bola Tinubu has explained the reason behind the appointment of a new management team for the Central Bank of Nigeria (CBN) on September 15th, with the goal of revitalizing the CBN and addressing critical economic challenges, as explained by the presidency

September 27, 2023

Shettima Promises Economic Recovery For Nigeria In Less Than 15 Months

Business·Finance & Economy·News

Shettima Promises Economic Recovery For Nigeria Within15 Months

Nigeria’s Vice President, Kashim Shettima, has made a bold promise of economic resurgence within the next 15 months, fueling hope among investors and stakeholders. This revelation came during a high-profile meeting with the management of First Surat Group and top executives of

September 27, 2023

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

The Federal Government of Nigeria has issued its debut bond

Dollar Trades Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

The Bank of Japan (BOJ) is set to raise its

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Business - Page 415

Naira Appreciates Against Dollar, Trades At N1,477 Per USD

FG To Release Of CBN Audit Report Soon

SAP Announces New Generative AI Assistant Joule

Nigerian Stock Market Soars To N2.42 Trillion As Investors Embrace Pro-Market Reforms

FCT Minister Sacks 21 Heads Of Parastatals, Agencies, Promises New Appointments

Access Bank Invests Over N200 Billion In Agribusiness, Benefitting 10,000+ Ventures

Binance To Exit Russia Amidst Sanctions Violation Probe By US

Afrexim Seeks $3 Billion Loan From Oil Traders To Bolster Nigeria’s Naira

FG Urges CBN To Trim BDCs From 5,000 To 200

Presidency Explains Tinubu’s CBN Economic Team Appointment

Shettima Promises Economic Recovery For Nigeria Within15 Months

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Naira Appreciates Against Dollar, Trades At N1,477 Per USD

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Bank of Japan Poised to Lift Rates to 30-Year High as Inflation Pressures Persist

Chief Arthur Mbanefo (1930-2025): A Life of Impact and Inspiration- By Kingsley Moghalu

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