Business

First Bank of Nigeria Ltd. has announced the launch of the FirstGem fund (FirstGem loan) a single-digit loan scheme, targeted at female entrepreneurs. Mrs Folake Ani-Mumuney, the bank’s Group Head, Marketing and Corporate Communications, made...

Nigeria on Thursday confirmed that it would roll out 5G network by Aug. 24. The mobile Operator disclosed this at the 90th edition of the telecom consumer parliament, organised by the Nigerian Communications Commission, NCC...

The National Bureau of Statistics (NBS) says that on the aggregate, Value Added Tax (VAT) collection stood at N588.59 billion in the first quarter of 2022. It stated on Friday in Abuja that the collections...

The Nigerian stock market extends its bullish run to close at N28.719 trillion from the N28.619 trillion recorded on Monday, an increase of N1 billion or 0.35 per cent. The All-Share Index (ASI) also rose...

Union Bank Plc on Thursday said it had completed its core investors’ sale of a majority shareholding to Titan Trust Bank Ltd., a subsidiary of TGI Group. In a statement signed by Somuyiwa Sonubi, the...

The CBN has reviewed upwards, the operations of the Nigeria Inter-Bank Settlement System (NIBSS) and other electronic payment operations. This is contained in a circular by Musa Jimoh, Director, Payments System Management Department of the bank. Jimoh...

The Naira on Tuesday exchanged at 419.50 to the dollar at the Investors and Exporters window, compared to 420.25 traded on Monday, representing 0.18 per cent appreciation.  The open indicative rate closed at N418.58 to...

General Overseer of Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, on Monday, inaugurated a branch of Premium Trust Bank in Asaba, Delta. Adeboye, who was the Special Guest, was accompanied to the occasion by...

For the first time in over two years, the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 13 per cent. Mr. Godwin Emefiele, Governor of the CBN, said this while...

The decision of the Monetary Policy Committee of the Central Bank of Nigeria (CBN) to raise the benchmark interest rate to 13 per cent was received by some economists on Tuesday with mixed reactions. While...

The President of African Development Bank (AfDB) has said the high five programme of the Bank has impacted no fewer than 335 million people and households across African countries. A statement signed by Dr. Adesina...

The Federal Government says at the conclusion of the on-going reform in the creative industry and advertising sector, the country will earn two billion dollars in advertising within three years. The Minister of Information and Culture,...

The National Bureau of Statistics (NBS), says the average retail price paid by consumers for Premium Motor Spirit (Petrol) increased to N172.61 in April 2022. This is according to the NBS Premium Motor Spirit (Petrol)...