The exchange rate between the naira and the US dollar closed at N420.75/$1 at the Investors and Exporters (I&E) window. Naira recorded a 0.12% depreciation…
View More Naira falls to N420/$1 at I&E window despite moderations at parallel market
Category: Business
Interswitch announces it is paying allowances to spouses of its employees
Interswitch has stated that it would begin paying allowances directly to the spouses of its employees. Announcing this development in a social media post, the…
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LAMATA, Oando sign MoU to launch electric mass transit buses in Lagos
Oando Clean Energy Limited has announced the signing of a Memorandum of Understanding (MoU) with the Lagos Metropolitan Area Transport Authority (referred to as LAMATA),…
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Nigerian banks pay N7.7 billion as audit fees to PwC, KPMG, EY others in 2021
The Nigerian exchange is now on a consecutive two-day winning streak as it starts the new week bullish, attributable to gains majorly from CONOIL, FBNH…
View More Nigerian banks pay N7.7 billion as audit fees to PwC, KPMG, EY others in 2021
Crude oil exports jump by 194%, hit N5.6tn in three months
Amid increasing calls for diversification of the economy, Nigeria’s crude oil exports jumped to N5.6trn in the first quarter of 2022, reflecting nearly 200 per…
View More Crude oil exports jump by 194%, hit N5.6tn in three months
Fidelity Bank Bags Award for Best SME Bank in Nigeria
Fidelity Bank Plc, one of the Nigeria’s foremost financial institutions, has added yet another accolade to its burgeoning collection of awards. This time, the Bank…
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20 power plants suffer major problems, blackouts to worsen
Following the perennial power outages currently being experienced across the country; findings have shown that 20 gas power plants are currently under-performing, leading to power…
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Bank customers to produce indemnity for online transfers above N1m – CBN
The Central Bank of Nigeria has ordered banks and Payment Service Providers to accept indemnity from customers for highly secured online funds transfers. It stated…
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PTDF clarifies alleged ‘exclusion of South East candidates from scholarship interview
The management of the Petroleum Technology Development Fund (PTDF) has clarified reports that the South-East geopolitical zone was excluded from the ongoing interview of candidates…
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Bank empowers women SMEs with retail products
The Divisional Head, Retail, SME Banking and E-Business, Unity Bank Plc, Mr Olufunwa Akinmade, has said the bank is empowering the underbanked women entrepreneurs in…
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