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Currency Devaluation Hurts Guinness Nigeria’s Profit

An incessant devaluation of the local currency (Naira) by a central bank who seeks to protect the external reserves from macroeconomic shocks has badly...

Tier 1 Banks Earnings to Grow in 2023

Separating the wheat from the chaff, Tier 1 lenders, who are referred to as “the big five banks” have the financial buffers to overcome...

CBN, NIBSS Set to Transform African Payment Ecosystem With Unveil of Domestic Card Scheme

The Central Bank of Nigeria announced in 2022 that it will be launching a National Domestic Card Scheme in conjunction with the Nigeria Inter...

Unilever Nigeria Surmounts Turbulent Headwinds as Profit Surges

Unilever Nigeria Plc, one of the largest consumer goods firms in Africa’s most populous nation, has overcome turbulent headwinds as profit surged, which validates...

Germany to Send 14 Leopard Tanks to Ukraine – Reports

German Chancellor Olaf Scholz has decided to send 14 Leopard II tanks to Ukraine, and allow other countries to do the same, reports in...

January 31 Deadline For Old Naira Notes Remains, CBN Insists

The Central Bank of Nigeria (CBN) says its January 31, 2023 deadline for the validity of the old N200, N500 and N1,000 notes remains. The...

Investments Shrinking Share of Nigeria’s GDP Helps Explain Low Growth

Nigeria's shrinking size of private investments in recent times has impacted on the trend GDP growth rate, pushing it much lower over the past...

PDP Heads to Court, Wants Tinubu Declared Ineligible to Contest

The Atiku/Okowa Campaign Organisation said it had resolved to approach the court to declare the presidential candidate of the All Progressives Congress (APC), Asiwaju...

NAHCO Workers Suspend Strike as Discussions in Progress with Management

Workers of the Nigeria Aviation Handling Company Plc (NAHCO), have suspended their strike action which had earlier disrupted domestic and international flights in the...

N23.70 trn Ways and Means Loans to Drain Liquidity in Financial System

The plans by the Federal Government to move the Ways and Means loans into the financial system will drain liquidity as the outstanding value...

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