Zainab Iwayemi
1671 articles published since 07 Jul 2023
1671 articles published since 07 Jul 2023
According to the federal government of Nigeria, Afreximbank has given it $5 billion to support the economy, of which $3 billion is being used to de-risk the system.
In 2024, Tier 1 Banks were determined by the Proshare Bank Strength Index (PBSI) to be Access Corp, Zenith Bank, FBNH, ETI, UBA, and GTCO based on their financials.
President Bola Tinubu formally established the Presidential Economic Coordination Council to strategiseon how to get the country out of its current economic bind.
Economic downturns caused by declining currencies, inflation, the removal of subsidies for fuel, and increasing taxes are the cost of living in many African cities.
Rate increases for Band A consumers were approved by electricity distribution firms which cited the high operating costs were the reason behind the decision.
The Nigeria Customs Service revealed that the FXrates for import duties and levies increased to N1,511.35, resulting in minor fluctuations in the single window site.
NOVA Bank, formerly known as NOVA Merchant Bank, officially began operations as a national commercial bank with the opening of its first commercial banking branch.
Ethiopian Airlines has been notified by the Nigerian government that FG is no longer interested in working with them to start the projected Nigeria Air project.
A contract for the development and administration of a new body shop and assembly plant has been signed by the Egyptian government and Volkswagen Group Africa.
Zainab Iwayemi
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