Archives for January 31, 2024
Ecobank Nigeria Launches MySME Growth Series ….to Empower Over One Million SMEs
By Ngozi Onyeakusi---Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African bank has launched an innovative training program targeted at empowering operators of small and medium enterprises (SMEs)…
Fidelity Bank supports Temile Development Company to boost Nigeria’s Gas Revenues
Fidelity building By Ngozi Onyeakusi--- In what has been termed a significant milestone in the advancement of Nigeria's domestic gas industry and the generation of gas revenues, Temile Development…
NIGERIA SEES STEADY INCREASE IN ACTIVE VOICE AND INTERNET SUBSCRIPTIONS, DROP IN TELEDENSITY
NCC EVC , Maida By Ngozi Onyeakusi--- Nigeria has witnessed a steady increase in active voice and internet subscriptions, including a drop in teledensity as contained in the latest…
CBN cautions FX dealers against market manipulation as naira slides to N1,500
Amid sustained slide of naira, which currently trades around N1,500 in exchange to a dollar, the Central Bank of Nigeria (CBN) has warned authorised dealers to ensure that transactions…
Currency Outside Banks Hit Historic High of N3.4trn, 94% of CIC
Naira A report by the Central Bank of Nigeria (CBN) has revealed that currency outside banks at at December 2023 reached a staggering trillion, representing a whopping 94…
Trapped funds: CBN releases fresh $64.44m to foreign airlines
By Ngozi Onyeakusi---The Central Bank of Nigeria (CBN), on Tuesday, said it has cleared verified outstanding liabilities to foreign airlines with $ million. The money is forex backlog accumulated from…