Ondo farmers slash price of eggs, receive 1,200 tonnes of grain palliatives

Ondo state chapter of the Poultry Farmers Association of Nigeria has reduced the price of a crate of eggs from N5,000 to N3,000 from the farms. This was in a statement by the Deputy Governor’s spokesman, Mr John Akinduro. This, according to them, was due to the distribution of 1,200 metric tonnes of grains and […]

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CBN orders banks to sell excess dollars in 24 hours

CBN Governor, Yemi Cardoso •Banks may sell over $5bn, says official, Cardoso faces Senate Tuesday over naira fall Amid its fresh moves to stabilize the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, 2024. The CBN, which disclosed in a […]

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First Bank Holdings appoints Otedola board chairman

The First Bank of Nigeria Holdings has appointed Nigerian billionaire and businessman, Femi Otedola, as the new chairman of its board of directors. Otedola, who recently expressed his excitement about his return to the Forbes African Billionaires list after a seven-year hiatus, takes over from the outgoing Chairman of the board, Alhaji Ahmad Abdullahi. Sharing […]

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Weak naira threatens Tinubu’s $1 trillion economy ambition as devaluation lessens GDP value in dollar terms

The instability in the forex exchange market and the weakness of the naira pose a significant threat to Nigeria’s ambition of becoming a $1 trillion economy. Analysis by Nairametrics shows that naira devaluation has triggered a loss of about $193 billion in the country’s gross domestic product (GDP) when converted from naira to dollar. Our […]

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Inflation targeting and CBN’s self-imposed accountability test

With the adoption of inflation targeting, the new leadership of the Central Bank of Nigeria (CBN) has not only raised the bar of accountability and demystified monetary policy conduct but has also handed the public the hangman’s noose should it fail in its most important mandate, achieving price stability, Geoff Iyatse writes. The first time […]

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‘Collaboration crucial to accelerating Africa’s digital journey’

Ehimuan Dr Juliet Ehimuan is the Founder of Beyond Limits Africa and the immediate past Director, Google West Africa. With over 25 years of experience in the tech space, Ehimuan, for 12 years, served as the Country Director of Google Nigeria and later, West Africa. Beyond Limit Africa is her new vision and it recently […]

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FG to inaugurate SME Council as Google grants N75m to small businesses

To support the over 40 million small businesses in Nigeria, the Federal Government is planning to inaugurate the Council for Small and Medium scale Enterprises in Nigeria (SMEs). This was revealed yesterday in Abuja by the Senior Special Assistant to the Vice President of Job Creations and SMEs, Tola Adekunle-Johnson, at the graduation of 5,300 […]

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MTN reviews tower contracts to drive efficiency

MTN has said there would be periodic reviews of the company’s tower contracts to drive efficiency and ensure optimal performance from vendors. The Chief Executive Officer of MTN Nigeria, Karl Toriola, said this was against the backdrop of the recent award of tower contracts to ATC and the fact that another 1,500 site contracts would […]

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UBA secures $150m from Afreximbank to ease Ukraine war effect on customers

Group Treasurer, United Bank for Africa (UBA), Adeyemi Adeleke (left); Group Managing Director/Chief Executive Officer, Oliver Alawuba and Executive Vice President, African Import and Export Bank ( Afreximbank), Denys Denya, during the signing of Trade Finance Facility under the Afreximbank’s Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA), on the sideline of Intra-African Trade […]

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‘It is safer individuals diversify investments across jurisdictions’

Nechi Citizenship by investment (CBI) has caught the attention of high net worth individuals, including Nigerians, in recent years. In an interview with GEOFF IYATSE, the Chairman of Optiva Capital Partners Limited, a leading investment immigration wealth management company that is involved in some investment projects across the globe, Franklin Nechi, spoke about how the […]

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