Industry
5 Nigerian banks earn N67 billion in FX, FG to swoop on windfall as directors oppose bank owners
FCMB group, Ecobank Transnational Incorporated, Wema Bank, Sterling Financial Holding Company, and Jaiz Bank have emerged as top forex earners in 2024.
Another airline begins direct Abuja flight, set to rival Air Peace, Aero, others with new aircraft
Overland Airways has set a date to comment direct flights to Abuja and has bought new aircraft to attract more travellers, intensifying competition.
Katsina billionaire begins cement production, builds $1.5bn plant in Kogi, rolls out first bag
Another Nigerian billionaire, Dahiru Mangal, has completed $1.5 billion cement plant in Kogi State and has rolled out the first bag, promising 500 bags daily.
New price emerges as importers report surge in freight costs, FG releases centres for N40k rice
The price of rice is poised to surge in the coming months as importers report an increase in import and freight costs despite FG's free import duty policy.
Court cancels sale of Nigeria Air to Ethiopian Airlines
The Federal High Court in Lagos's Justice Ambrose Lewis-Allagoa declared on Monday that the sale of Nigeria Air to Ethiopian Airlines was illegal.
The risks of compliance amidst citizen agitation: The MTN Nigeria example, by Dr. Ajibola Obafemi
Dr. Ajibola Obafemi examines the recent attack on MTN's office while emphasising the need for regulators to gauge public sentiment when implementing policies.
Nigerian banks with highest customers’ deposits in three months, Zenith, GTBank, UBA lead
Banks' filings show that Customer deposits have risen to N21 trillion as of the first quarter of 2024, with Zenith Bank, UBA, Access Bank, and FCMB leading the pack.
Bank directors speak on windfall tax, disagree with chairmen, Otedola, Elumelu on windfall tax
Bank Chairmen have opposed the positions of Femi Otedola, First Bank Chairman, and United Bank of Africa Chairman, Tony Elumelu on the proposed windfall tax.
Phones, cars, other imported items to get more expensive as CBN raises customs exchange rate again
The Central Bank of Nigeria has adjusted the customs exchange rate for cargo clearances at Nigeria's ports and airports as naira depreciates against the dollar.
Industry
Load more