The naira gained marginally against the United States dollar on Tuesday, appreciating to N1,499/ from an all-time low of N1,534/$ on the official Nigerian Autonomous Foreign Exchange Market. This means the naira gained by 2.3 per cent or N35, according to FMDQ Exchange, a platform that publishes official foreign exchange trading in the country. The…
Access Holdings’ share price rose for the first time this week yesterday as investors increased demand for the shares of the financial services group.Access Holdings’ share priced had dropped on Monday on the first trading session after the announcement of the death of its Group Chief Executive Officer, Dr Herbert Wigwe Wigwe, his wife, son…
The Board of Fidelity Bank Plc yesterday extended the tenure of the bank’s Chief Executive Officer (CEO), Dr. Nneka Onyeali-Ikpe, to 2026.This was contained in a notification sent to the Nigerian Exchange Limited (NGX) in Lagos by the Company Secretary, Mr Ezinwa Unuigboje.Unuigboje, in the notice, stated that the decision was taken at the Board’s…
…as Interpol activates Red Notice alert, widens dragnet for suspects The Special Investigator appointed by President Bola Tinubu to investigate the Central Bank of Nigeria, Related Entities and Other Key Government Business Entities, Jim Obazee, has arranged no fewer than 14 exhibits and nine witnesses against Eric Ocheme Odoh, the runaway Personal Assistant to the…
Africa’s largest airline, Ethiopian Airlines has completed the Gode Ugaas Miraad Airport Terminal building and aircraft parking with a taxiway construction project. The airline disclosed in a statement that the new airport terminal had been opened for service in a grand inauguration in the presence of the Prime Minister of Ethiopia, Abiy Ahmed and the…
The business community in Kano on Tuesday promised to ensure the downward review of the prices of essential commodities, as well as pledged to crash and stabilise prices for Kano residents now and beyond the month of Ramadan. The traders made the promise when the Chairman of the Kano State Public Complaints and Anti-corruption Commission,…
First Bank of Nigeria has launched the second season of its Cash Out promo meant to reward users of FirstMobile, its mobile banking solution. The FirstBank Cash Out Promo 2.0 scheduled to run till March15 2024, is open to new and existing customers, according to a statement from the bank. Group Executive, e-Business & Retails…
Operators of small and medium enterprises (SMEs) in the country have been advised to leverage on eCommerce to boost sales and grow their business. Chief Commercial Officer, Jumia Nigeria, Ijeoma Arum, stated this in her presentation titled: Growing your business, presented at the maiden edition of Ecobank Nigeria’s MySME Growth Series. The MySME Growth Series…
The retail price of cement has risen from N5,000 in December, 2023 to between N6,500 and N7,000 per bag as at February 9, 2024, depending on the location in the country.Investigations revealed that operators under the Cement Manufacturers Association of Nigeria (CMAN) have raised prices of brands by over N1,000 per bag. This has increased…
