FG increases fees for Nigerian Passport The federal government has announced an increase in the cost of obtaining the Nigerian Passport effective from September 1, 2024. The Nigeria Immigration Service‘s spokesman, Kenneth Udo, revealed this in a statement posted on the NIS’s X handle on Wednesday. According to the statement,[Read More…]
Chinese investors put Nigeria’s guest houses in UK for sale at $2.2m The contract dispute between Nigeria and Chinese investment group, Zhongshang Fucheng Industrial Investment Ltd, seems to have taken a new turn. The Chinese firm accused Ogun State Government of violating a 2001 trade treaty between Nigeria and[Read More…]
Naira exchange rate to dollar Today The Naira to the United States Dollar exchange rate today, August 21, 2024, in the black market is 1,600 for buying, while the selling rate is N1,610. Also the Central Bank of Nigeria, CBN official exchange rate for one dollar today remains at[Read More…]
Union Bank reports 20% growth in PBT H1, 2024, despite CBN’s intervention Despite the challenging environment following the Central Bank of Nigeria’s intervention in January 2024, which led to heightened customer concerns, Union Bank of Nigeria has reported a profit before tax of N79.8 billion on gross earnings of N333[Read More…]
NNPC Reports N3.3trn profit for 2023 The Nigerian National Petroleum Company (NNPC) Limited has declared a profit of N3.3 trillion for the fiscal year 2023. Pius Akinyelure, chairman of the NNPC board, stated this during a media briefing on the company’s 2023 audited financial statements (AFS) on Monday. Akinyelure said[Read More…]
FG commences Crude oil sales in naira to Dangote, others October 1 The Federal Government has announced that sales of crude oil to Dangote Refinery and other local refineries will commence October 1, 2024, The Punch reports. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun,[Read More…]
Access Bank Holdings celebrate posthumous birthday of late CEO, Herbert Wigwe The Access Holdings PLC yesterday August 15th, 2024 honored the memory of the late Group CEO, Dr. Herbert Wigwe on his posthumous birthday. They noted that the visionary leader is ‘forever in our hearts’, the Group prayed that[Read More…]
Ecobank Group Announces Top Finalists for 2024 Ecobank Fintech Challenge • Finalists to Compete for Coveted $50,000 Cash Prize Ecobank, the pan-African Bank, has announced the top finalists for the first-ever and inaugural 2024 Ecobank Fintech Challenge Hybrid Semi-Final event held at the Ecobank Pan African Centre[Read More…]
No compromise on our website, GTB assures customers A top-tier Nigerian Bank, GTB, has reacted to news reports that its Web Domain has been hacked, leading to the cloning of customers’ data. The bank noted that it does not store customers’ information on the website; thereby, it cannot be[Read More…]
CBN re-introduces publication of key economic reports for transparency The Central Bank of Nigeria (CBN) has reintroduced the publication of several key economic reports to foster transparency in the economy. CBN’s Acting Director, Corporate Communications Department, Mrs Hakama Sidi-Ali said on Tuesday in Abuja the publication was a[Read More…]
