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19 Bank Workers Sacked, As Nigerian Banks Lose N1.17 billion To Fraud

GTBank, UBA, Others To Borrow Exporters N500 billion Due To Forex Scarcity

December 12, 2022

Guaranty Trust Bank (GTBank), United Bank for Africa (UBA), First Bank, and other Nigerian lenders have agreed to loan N500 billion to export-oriented companies. According to the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, the banks resolved on borrowing

Naira Vs Dollar: What To Expect This Week (2nd - 6th June 2025)

Business News·Currency

Naira Falls Again, Official Market Traders Increase Dollar Rate

December 12, 2022

There seems to be no end to the depreciation of naira in the official market, as the dollar rate rises by 0.11 per cent, with traders adding 50 kobo to their asking price to sell the USD. At the end of business hours

Nigerian Banks Earn N135.52 Trillion From CBN's Naira Policy, E-Payment

Business News

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

December 12, 2022

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged banks to source for foreign exchange (forex) through non-oil exports. Emefiele said Nigerian banks, which consist of GTBank, Zenith Bank, Access Bank, Stanbic IBTC, Wema Bank, among others, should

Airtel Subscribers: How To Access Airtime, Data, Other Services Using New USSD Codes

Business News

Airtel Africa To Invest $194 million In 6 African Countries

December 12, 2022

Airtel Africa has revealed it will invest $194 million in 6 African countries, excluding Nigeria from the region that will benefit from the loan it obtained from the International Finance Corporation (IFC). According to a statement released on Tuesday, the International Finance

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Oil & Gas

Crude Oil Production Rises, Nigeria Risk Losing $23 billion

December 12, 2022

Nigeria’s crude oil production has increased to 1.59 million barrels per day, according to the Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti. The figure provided by Wunti is above the 1.01 million barrels per day

Democracy Day: Nigeria Still In Search Of Credible Electoral System – Obi

Politics

Peter Obi To Privatise TCN, Place Grid Financial Losses On Operator

December 12, 2022

The Presidential candidate of the Labour Party, Peter Obi, said he will privatise the Transmission Company of Nigeria (TCN), ushering an end to the government’s involvement. Obi stated that TCN will be handed to a technical manager or operator to bring technological

Sports·News

Former Canada Olympian Of Nigerian Descent Berates Sports Festival On Medal Awards

December 11, 2022

Bayelsa State Commissioner for Sports, Daniel Igali, has raised dust on the integrity of the organisers of the 2022 National Sports Festival that ended on Saturday. The Games was concluded at the Stephen Keshi Stadium in Asaba with hosts Delta State

Sports·News

Leicester, Watford Lose Midfielder To Injury, Likely To Deny Ndidi Chance Of Leaving Club

December 11, 2022

Former Premier League champions Leicester City are likely to rebuff any transfer offers for defensive midfielder Wilfred Ndidi in the January transfer window reports Prime Business Africa.

Sports·News

Nigeria Olympic Committee Explains Lack Of Voting Rights In IOC

December 11, 2022

Four days before the Nigeria Olympic Committee’s election slated to hold in Jalingo, Taraba State Thursday, December 15, the incumbent President, Engr. Habu Ahmed Gumel has cleared the air on why Nigeria does not have a voting right at the International Olympic

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Latest

GTBank, UBA, Others To Borrow Exporters N500 billion Due To Forex Scarcity

Naira Falls Again, Official Market Traders Increase Dollar Rate

CBN’s Godwin Emefiele Tells GTBank, Zenith, Others To Source Non-oil Export Forex

Airtel Africa To Invest $194 million In 6 African Countries

Crude Oil Production Rises, Nigeria Risk Losing $23 billion

Peter Obi To Privatise TCN, Place Grid Financial Losses On Operator

Former Canada Olympian Of Nigerian Descent Berates Sports Festival On Medal Awards

Leicester, Watford Lose Midfielder To Injury, Likely To Deny Ndidi Chance Of Leaving Club

Nigeria Olympic Committee Explains Lack Of Voting Rights In IOC

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