Nigeria Sovereign Investment Authority records ₦1.18tr Income in 2023
March 29, 2024 The Nigeria Sovereign Investment Authority (NSIA ) has released its 2023 financial results. The Authority’s total operating […]
African Business News
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Naira to sustain rally after 46% gain against dollar, says Rewane
March 29, 2024 The naira will sustain ongoing rally at both official and parallel markets as dollar liquidity rises, Managing
CBN to Monitor Nigerian Banking Sector Recapitalisation to Prevent Illicit Financing
The Central Bank of Nigeria is taking a proactive approach to monitor the recapitalization of the Nigerian banking sector in
Naira Holds Strong at N1,300 Exchange Rate Against USD During Easter Holiday Trading
The Naira has held steady at an exchange rate of N1,300 against the US Dollar as the official foreign exchange
African Business News
NSIA Reports 1,122% Increase in Total Comprehensive Income to N1.18 Trillion
The Nigeria Sovereign Investment Authority, responsible for managing the country’s Sovereign Wealth Fund, has just announced a staggering 1,122% increase
African Business News
CBN Raises Minimum Capital Requirements for Banks, Sparking Bank Merger Talks
Bank mergers are on the horizon in Nigeria, as the Central Bank of Nigeria (CBN) has recently announced a significant
Improving Nigerian Business Data Capacity for Sustainable Growth
As a data scientist at the University of Hull’s Energy and Environmental Institute in England, Olabode Adebola sheds light on
CBN raises minimum capital requirements for banks
March 28, 2024 The Central Bank of Nigeria (CBN) has unveiled a significant increase in minimum capital requirements for all banks operating
African Business News
Crypto King Sam Bankman-Fried Sentenced to 25 Years for FTX Fraud
Renowned American entrepreneur and cryptocurrency mogul, Sam Bankman-Fried, has been handed a hefty 25-year prison sentence for his role in
Crypto founder Sam Bankman-Fried sentenced to 25 years for multi-billion dollar FTX fraud
March 28, 2024 Sam Bankman-Fried was sentenced to 25 years in prison by a judge on Thursday for stealing $8 billion
Cement Price Drops by 22-26% in FCT: Dangote N7,800, BUA N11,000
The cost of cement has seen a significant decrease of 22% to 26% for a 50kg bag in the Federal
Binance executives drag NSA, EFCC to court
March 28, 2024 The detained Binance executive, Tigran Gambaryan, has sued the National Security Adviser (NSA) Nuhu Ribadu, and the Economic