Commercial banks in Nigeria have extended their workdays to weekends for customers to deposit their old naira notes. The action is to help customers meet the Tuesday, January 31 deadline set for the collection of old naira notes by the...
Dispatches super agents to Adamawa rural areas Any commercial bank that rejects old naira notes before the January 31 deadline will face stiff penalties, the Central Bank of Nigeria (CBN) has said. While fielding questions from journalists, yesterday, in Yola, Adamawa...
The Federal Government through the honourable Minister of Agriculture and Rural Development, Dr Mohammad Mahood Abubarkar Monday, in Benin City, Edo said Nigeria earned 250 million US Dollars from export in cashew nuts in 2022. He, however, lamented that out...
A global workspace provider, Regus, has unveiled its newest network of workspace centres in Gbagada, Lagos to connect over 2.5 million professionals. The new center located along Oshodi-Apapa Expressway, Lagos, is the 8th centre launched in Nigeria by Regus,...
Chevron Nigeria Limited (CNL) has debunked the report alleging that it plans to exit Nigeria. The General Manager, Policy, Government and Public Affairs, Chevron Nigeria Limited, Esimaje Brikinn, in a statement, to The Guardian said: “CNL is aware of a misleading...
Within five days of trading this week, about 1.286 billion shares were traded on the exchange floor by investors who parted with N29.634 billion for the stocks in 19,816 deals. The value of investment recorded by the Nigerian stock market...
ABUJA — Nigeria’s naira hit a record low at a central bank foreign exchange auction on Dec. 30, traders said, as the bank lets the local currency weaken to cope with rising dollar demand. The central bank sold foreign currency...
Kwati Nigeria Limited, a leading Nigerian real estate development firm, has announced that it will be expanding its real estate innovative initiatives by acquiring Borrowlite a tech platform that offers short-term credit units and payments of utility bills on...
By Adedapo Adesanya Real estate portfolio delivered the best return for investors on US stocks and investment platform, Risevest, in 2022, with a 15.6 per cent return on investment (RoI). In its Investment Wrapped: A Look At Our Investment Journey in 2022 newsletter,...
The Debt Management Office (DMO) on Monday announced as its first bonds issuance for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for subscription. According to a statement by the DMO, one is a two-year FGN Savings Bond due...
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