The Central Bank of Nigeria has disclosed that capital importation and diaspora remittances have boosted the net foreign exchange flows into the country which has increased to $25.4bn in the …
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More intrigues as IPMAN says petrol landing cost is over N1,200; Govt subsidizing by over N700
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has again drawn attention to the issue of subsidy on petroleum products in Nigeria. The body confirmed the return of fuel subsidy …
Read More »CBN sells $876.26m out of $1.18bn bid to 26 banks at N1,495/$1 in latest Retail Dutch Auction
Following the reintroduction of the Retail Dutch Auction and a bid to reduce the demand pressure in the foreign exchange (FX) market and promote price discovery, the Central Bank of …
Read More »Technology accelerating growth in Nigeria’s retail sector – Expert
The Head of Innovation, Growth and Business Transformation at FoodCo, Funmi Aiyepeku, has described the brick-and-mortar retail segment as a critical pillar that will help sustain the Nigerian consumer …
Read More »MTN, IHS Nigeria extend tower lease agreements to 2032
IHS Nigeria, a subsidiary of IHS Holding Limited, and MTN Nigeria have announced the renewal and extension of their Nigerian tower Master Lease Agreements until December 2032. The agreement, …
Read More »Ushoppen supports Owerri virtual trade fair with websites
A digital store builder, Ushoppen, recently provided free websites as tech support for the Vendors In Owerri virtual trade fair. Participants at the virtual trade fair, including over 60 …
Read More »CRC Credit Bureau wins fourth CFI award
For the fourth consecutive time, CRC Credit Bureau has won the Best Credit Bureau Nigeria 2024 award by Capital Finance International. Celebrating the achievement in a statement made available …
Read More »CardinalStone bags three awards
An investment and multi-asset management firm, CardinalStone, has received three prestigious awards, at the 2024 World Economic Magazine Awards and the International Business Magazine Awards. Announcing this in a …
Read More »Fuel queues may linger till next week, say marketers
Oil marketers are still apprehensive and are not opening their filling stations for business, causing queues for Premium Motor Spirit, popularly called petrol, in many cities nationwide. Dealers under …
Read More »FG to sell $500m dollar-denominated bonds
The Federal Government of Nigeria has introduced its Series I Domestic USD Bond, aiming to raise a minimum of $500m from both local and international investors. According to the …
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