CBN Stops Foreign Currency As Collateral For Naira Loans
The Central Bank of Nigeria (CBN) has banned the use of foreign currency-denominated collaterals for naira loans. This was contained in a circular dated April 8, 2024 and directed to…
Mining, Education Take Centre Stage as Tinubu Welcomes New Envoys
Mining, Education Take Centre Stage as Tinubu Welcomes New Envoys President Bola Tinubu has welcomed newly-appointed ambassadors to Nigeria, expressing his commitment to enhancing cooperation in the areas of education,…
Global IT Spending to Increase by 8% in 2024 – S&P
Global IT Spending to Increase by 8% in 2024 – S&P Global IT spending will continue to increase — and at a considerably faster pace — in 2024 as businesses…
Zenith Bank Shrinks after Audited Report Delay Notice
Zenith Bank Shrinks after Audited Report Delay Notice The stock market value of Zenith Bank Plc shrinks marginally following announcement that the financial institution audited report will be delay for…
PETAN Resolves to Support Nigeria’s Oil, Gas Production Growth
PETAN Resolves to Support Nigeria’s Oil, Gas Production Growth The Petroleum Technology Association of Nigeria (PETAN) has promised its support to the Bola Tinubu-led administration toward increasing country’s oil and…
Naira Strengthens Against Dollar by 0.32%
Naira Strengthens Against Dollar by 0.32% The Naira on Friday strengthened at the official market, trading at N1,251.05 to a dollar. Data from the official trading platform of the FMDQ…
Crude Oil Prices Rise 13% in Three Months
Crude Oil Prices Rise 13% in Three Months Oil prices increased by 12.9% in the first quarter of 2024, albeit with much volatility due to concerns that global geopolitical tensions…
Tinubu Appoints Nwagba as CreditCorp CEO
Tinubu Appoints Nwagba as CreditCorp CEO President Bola Tinubu has approved the appointment of Uzoma Nwagba as the Managing Director and Chief Executive Officer of Nigerian Consumer Credit Corporation (CrediCorp).…
Tinubu Appeals For Peace in Africa, Global Trouble Spots
Tinubu Appeals For Peace in Africa, Global Trouble Spots President Bola Tinubu has appealed for global peace and stability in Africa and other trouble spots around the world. Tinubu stated…
Supply Concerns Fuel Increase in Crude Oil Prices
Supply Concerns Fuel Increase in Crude Oil Prices The global oil market rallied further on Friday as conflict in the Middle East stoked supply concerns. The most recent information available…