Federal Republic Of Nigeria
Eko DisCo restores Tinuade Sanda as MD/CEO 24 hours after sack
Eko Electricity Distribution Company Plc has recalled its chief executive officer (CEO), Tinuade Sanda, earlier sacked by the company following a NERC directive.
Good news as Nigeria repays Chinese, World Bank, other loans, breakdown shows external debts
The Nigerian government spent about $5.3 billion in debt service from January to December 2023, according to new data from DMO, which says Nigeria now owes N97.38trn
Currency in circulation hits all-time high as CBN makes loans very expensive for Nigerians
The Central Bank of Nigeria (CBN) has disclosed that Nigerians keep over N3 trillion in homes as currency in circulation has hit the highest since February.
Eko DisCo fires female CEO, immediately appoints another woman
Tinuade Sanda, the Chief Executive Officer of the Eko Electricity Distribution Company (EKEDC), has been removed from her position with immediate effect.
MTN set to shut down services in two African countries as another firm moves to takeover
MTN has said it is planning to exit three African countries - Guinea-Bissau, Liberia and Guinea-Conakry due to high inflation and FX losses due to currency crash.
NICA asks professionals to establish credit awareness desks
The National Institute for Credit Professionals has asked credit professionals and agencies to establish awareness desks to educate businesses and customers
One of Nigeria’s top cement firms, Lafarge, speaks on recent price crash after meeting with FG
Lafarge Africa's key officials have said the price of cement may not revert immediately back to their original costs due to high exchange rates in Nigeria.
New cement price emerges as BUA announces decline in profit amid foreign exchange loss
After announcing a slash in its cement price, BUA Cement has said its profit slumped in 2023 due to naira devaluation. It declared a pre-tax profit of N69.96bn.
Tinubu’s new borrowings take Nigeria’s public debt surging to N97.34 trillion
The Debt Management Office has revealed that Nigeria's public debt has reached N97.34 billion as the country borrows to fund 2024 budget deficit.
Federal Republic Of Nigeria
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