By Grace Alegba The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained N88.23. This represents aContinue Reading
By Adenike Ayodele A Central Bank of Nigeria (CBN) employee, Mr Monday Osazuwa, on Friday told an Ikeja Special Offences Court how the former apex bank governor, Godwin Emefiele, on different occasions, directed him to collect three million dollars cash in tranches. Osasuwa, while being led in evidence by theContinue Reading
By Okeoghene Akubuike African Export-Import Bank (Afreximbank) and the Prime Minister of the Commonwealth of The Bahamas on Thursday signed the Afreximbank Annual Meetings (AAM) Host Country Agreement. The News Agency of Nigeria(NAN) reports that the signing ceremony was held during a media briefing on Thursday in the Bahamas.Continue Reading
The National Civil Society Council of Nigeria (NCSCN) has urged the Federal Government to consider granting tax waiver to Air Peace amidst ongoing price competition among foreign airline operators in Nigeria.Continue Reading
By Ngozi Njoku An Afro-focus pharmaceutical company, Shalina Healthcare, West Africa, has commended its major distributors for being the driving force behind its success stories in the last one year. The company’s Chief Commercial Officer, Arun Raj, made the commendation in Lagos on Monday at a meeting with its businessContinue Reading
Planned NIN enhancement ‘ll curb fraud – APC chieftainContinue Reading
By Grace Alegba The Federal Government has inaugurated a 6,000 TEU capacity private jetty and container terminal at Apapa in Lagos. Mr Mohammed Bello-Koko, the Managing Director of the Nigerian Ports Authority (NPA), who commended the project during the inaugural ceremony on Monday, said it would boost the easeContinue Reading
By Okeoghene Akubuike Amid challenging operating environment, the African Export-Import Bank (Afreximbank) says it delivered exceptional financial results in 2023 well ahead of expectations. This is contained in a statement signed by Vincent Musumba, Manager, Communications and Events, Afreximbank, on Friday. Msumba said that largely propelled by the bank’sContinue Reading
By Lucy Ogalue The African Development Bank’s Chief Economist, Kevin Urama, says debt for growth for countries on the continent should not carry any negative connotation. Urama, who is also the Vice-President, Governance and Knowledge Management at AfDB, said this at a pre-media conference held virtually to herald the 2024Continue Reading
By Lucy Ogalue The African Development Bank (AfDB) has reiterated the need for efficient and effective governance on the continent to enable Africa achieve transformation. The Secretary-General of AfDB, Prof. Vincent Nmehielle, said this at a pre-media virtual briefing to herald the 2024 AfDB Annual Meetings. The News Agency ofContinue Reading
