Business
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OPEC oil output plunges as Nigeria, Iraq slash exports —Survey

Webby - April 2, 2024

A survey by Reuters on Monday, April 1, 2024 has shown a plunge in oil output by the Organisation of Petroleum Exporting Countries (OPEC) in March following…

UBA, Wema Bank, Stanbic IBTC risk sanctions over delayed audited results
Business
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Business
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UBA, Wema Bank, Stanbic IBTC risk sanctions over delayed audited results

Webby - April 2, 2024

United Bank for Africa (UBA), Wema Bank, Zenith Bank and Stanbic IBTC are risking sanctions from the Nigerian Exchange for failing to file their audited results for…

Again, Zenith Bank emerges Nigeria’s best Bank at Global Finance Awards
Business
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Business
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Again, Zenith Bank emerges Nigeria’s best Bank at Global Finance Awards

Webby - April 2, 2024

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since…

Dangote outshines BUA, Lafarge Africa, gains N6.250trn in market value
Business
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Business
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Dangote outshines BUA, Lafarge Africa, gains N6.250trn in market value

Webby - April 2, 2024

Dangote Cement, BUA Cement and Lafarge Africa recorded a combined gain of N7.921 trillion at the close of the first quarter of 2024 according to the trading…

Recapitalization: Naira depreciation has greatly eroded capital base of banks—Izunaso
Business
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Business
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Recapitalization: Naira depreciation has greatly eroded capital base of banks—Izunaso

Webby - April 2, 2024

Chairman of the Senate on Capital Market and Institutions, Senator Osita Izunnaso, says the new recapitalization initiative for banks by the Central Bank of Nigeria (CBN) is…

Amid challenges, World Bank gives Nigeria’s NIN registration pass mark
Business
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Business
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Amid challenges, World Bank gives Nigeria’s NIN registration pass mark

Webby - April 2, 2024

Amid concerns recently about unauthorized access to the National Identification Number (NIN) database, the World Bank has pegged the success rate of the NIN drive by the…

Power Minister met with GenCos, gas companies over poor electricity supply
Business
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Business
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Power Minister met with GenCos, gas companies over poor electricity supply

Webby - April 1, 2024

The Transmission Company of Nigeria (TCN) says the Minister of Power, Adebayo Adelabu, held meetings with Generating Companies (GenCos) and Gas Companies (GasCos) to secure a higher…

BDC operators’ comeback boosts naira recovery, says ABCON
Business
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Business
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BDC operators’ comeback boosts naira recovery, says ABCON

Webby - April 1, 2024

The Association of Bureau De Change Operators of Nigeria (ABCON) has said that the recall of Bureau De Change operators (BDCs) into the mainstream forex market is…

NCC spokesman, Reuben Mouka wins NIPR prestigious award
Business
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Business
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NCC spokesman, Reuben Mouka wins NIPR prestigious award

Webby - March 29, 2024

The Director of Public Affairs of the Nigerian Communication Commission (NCC), Dr. Reuben Muoka, was on Wednesday in Abuja bestowed with the prestigious ‘Distinguished Spokesperson in Technology…

Stakeholders welcome CBN’s fresh minimum capital requirements for banks
Business
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Business
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Stakeholders welcome CBN’s fresh minimum capital requirements for banks

Webby - March 29, 2024

Industry analysts have expressed their satisfaction with the directives from the Central Bank of Nigeria (CBN) increasing the minimum capital base requirements for all Banks operating in…