BUSINESS

The Bank of Industry (BoI) and the International Finance Corporation (IFC) have partnered to improve access to finance and export credit to boost Nigeria’s industrialisation drive.Managing director of BoI, Dr Olasupo Olusi, said this at […]

The Nigeria Inter-Bank Settlement System on Wednesday said cashless transactions in Nigeria increased to N611.06trn in 2023.It said the payments grew to N611.06trn from N395.38trn as of the end of 2022 indicating a 54.55 per […]

The House of Representatives on Tuesday mandated its Committees on Banking Regulations and Banking Institutions to conduct an investigative hearing on the non-compliance by commercial banks and financial institutions with the Central Bank of Nigeria’s […]

All is set for the African Development Bank (AfDB) to commence the disbursement of $540 million to the first phase of states in Nigeria for the development of Special Agro-Industrial Processing Zones (SAPZs).This is just […]

The Bank Directors Association of Nigeria (BDAN) has backed the recent Guidelines/Circulars issued by the Central Bank of Nigeria (CBN), aimed at fortifying the nation’s financial system.A statement signed by its chairman, Mr. Mustafa Chike-Obi, […]

The Central Bank of Nigeria (CBN) has assured Nigerians that the seemingly tough reforms created would strengthen the naira and stablise the economy. Dr Olayemi… The Central Bank of Nigeria (CBN) has assured Nigerians that […]

Following the approval of the unaudited financial statements of Cadbury Nigeria Plc by the Board of Directors, the Company has announced an operating profit of N8,397billion for the full year ended 31 December 2023. This […]

The Norwegian Ambassador to Nigeria, Svein Baera, has said there is a need for Nigeria and Norway to strengthen their partnership in order to boost energy production.Baera said this in Lagos during an event organised […]

Promoting non-oil export remains the surest way to diversify the Nigerian economy so as to overcome the shocks associated with crude oil.However, operators in the business must ensure that they guard against risks to ensure […]

The representative of the Chinese Ambassador to Nigeria and the Consul General of the People’s Republic of China, Yan Yuqing, has said the bilateral trade between Nigeria and China stood at $22.6bn in 2023. Yuqing […]