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Alibaba CEO Daniel Zhang To Step Down

Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as...

FCMB Hits 1.50 million Digital Customers, Rakes N10 billion Revenue

In recent years, First City Monument Bank (FCMB) Plc Group has invested in the latest technology with a view to bolstering its online lending...

President Tinubu Sacks Service Chiefs, IGP, Names Replacements

President Bola Ahmed Tinubu has approved the immediate retirement of all Service Chiefs and the Inspector-General of Police. The President also retired all Advisers, Comptroller-General...

CBN Lifts Restriction On Domiciliary Accounts, Allows $10k Withdrawals

Following the Central Bank of Nigeria (CBN) press statement of June 14, 2023, on new guidelines in the foreign exchange market, an extraordinary Bankers'...

Julius Berger’s Harbours Strong Growth Potential on Liquidity Position

Julius Berger Nigeria Plc’s high working capital that signals it has the financial resources to meet all of its short-term obligations harbours the potential...

Naira Devaluation to Boost FAAC Allocations for Cash Strapped Nigerian States

Nigeria's 36 sub nationals or States will have more reason to smile in the coming months as the devaluation of the Naira should lead...

Investment in Agric Value Chain Underpins Okomu’s Consistent Earnings Growth

Okomu Oil Palm Company Plc is taking advantage of the opportunities in Nigeria's agri-business value chain that is responsible for the company’s consistent earnings...

Access Pension Now Nigeria’s Second Largest by RSAs With 10.7% Market Share

Access Pension Limited a subsidiary of Access Holdings has emerged as the second largest Pension Fund Administrator by number of Retirement Savings Accounts (RSA)...

Companies Struggle to Cut Costs, Pay Down Debt, as Interest Rate Surges

As it is inevitable that the central bank will keep up with hiking interest rates as inflation is expected to significantly rise following subsidy...

Nigeria’s Inflation Rises to 22.41 Percent In May On Higher Food Prices

Nigeria’s inflation rate rose from 22.22 percent in April to a new height of 22.41 percent in May 2023, according data from the National...

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