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Femi Otedola, Mr. Magic Fingers, Turns FirstBank Around

Billionaire investor Femi Otedola has got the midas touch, as everything he touches turns to gold. It is a rare attribute in the investment...

Nestle Scales Up Nigeria Raw Material Sourcing To Cushion Forex Scarcity

LONDON (Reuters) - Food giant Nestle's businesses in Nigeria and other African countries are ramping up sourcing of local raw materials like starch and...

CBN Directs Banks To Request Customers’ Social Media Handles

The Central Bank of Nigeria (CBN) has ordered commercial banks to obtain the social media handles of customers as additional means of identification. This was...

President Tinubu Leaves Paris For London

President Bola Tinubu on Saturday departed Paris, France for London on a personal visit, according to a statement from the Nigerian Television Authority. Dele Alake,...

Tinubu Reforms to Bolster Investment Appetite Among Firms

The audacious transformational economic reforms of Nigeria's new President Bola Tinubu, that is expected to unlock the potential in the economy, will bolster the...

Naira Falls By 0.66% Against Dollar

The naira on Friday closed on a negative note as it exchanged for N770.17 against the dollar at the investors and exporters window. The naira...

Norfund Invests in OH Ecosystems to Create Cocoa Processing Jobs in Nigeria

Through an investment of USD 12 million in OH Ecosystems Ltd (“Eco”), Norfund, the Norwegian Investment Fund for developing countries, aims to create jobs...

NLC Kicks Against Planned 40% Electricity Tariff Increase

The Nigeria Labour Congress (NLC) President Joe Ajaero has urged the Federal Government to stop the proposed plan of electricity tariff increase by July...

Stanbic IBTC Exposed to Huge Foreign Exchange Loss on Currency Devaluation

Stanbic IBTC Holdings Plc could be at the verge of reporting foreign exchange revaluation loss if the naira continues to depreciate against the dollar,...

BUA Foods to Maintain Rice Prices Across Nigeria

...restates commitment to supporting Local Rice Farmers for Food Security in Nigeria In a remarkable display of commitment to the Nigerian agricultural sector and the...

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