Industry
“Sell everything and buy Nigeria”: Experts speaks on Nigeria’s naira assets
Some of the reforms put in place by Olayemi Cardoso, governor of the Central Bank of Nigeria, are starting to pay off as foreign investors wager on Nigeria in 2025.
Nigerian companies sink into more debts as BUA Foods, 7 others end 2024 with N8.67trn liabilities
As companies bemoan a harsher economic environment, eight Nigerian companies have ended 2024 with huge sums in total liabilities. One of them saw 165% spike.
UBA speaks on solution as customers are unable to make transfer to other banks
Over the weekend, many United Bank for Africa customers were left stranded after unsuccessful attempts to use its mobile banking app to transfer money to others.
“70k per container”: Nigeria Customs to charge fine for late cargo clearance
According to Nigeria Customs, shippers will now pay terminal operators an additional N70,000 per container in storage fees for needless delays in cargo clearance.
Access bank makes important changes, announces new non-executive director
The CBN has approved Uche Orji's appointment as an Independent Non-Executive Director of Access Bank Plc, a part of Access Holdings effective from January 7th.
NCAA sanctions two airlines, revokes licence over regulatory breaches
NCAA revoked the AOC of two aviation companies, Omni-Blu Aviation and Eastwind Aviation Logistics Services Limited, for violating regulatory standards.
FG begins sale of subsidised rice to civil servants at N40,000 per 50kg bag
The Nigerian government has commenced the sale of subsidised rice to civil servants at the reduced price of N40,000 per 50-kilogramme bag in Sokoto.
CBN opens window for next of kin, other beneficiaries to claim funds from dormant accounts
The Central Bank of Nigeria (CBN) has opened a window for next of kin, legal guardians and other beneficiaries to claim funds left in dormant accounts.
Cheap cement coming as state govt, German firm seal deal for West Africa’s largest cement plant
The Cross River state government is set to build a mega cement plant in partnership with a German company, Cross Cement International and Infrastructure Limited.
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