Category: Business
Bitcoin hits $60,000, nears record high with growing ETF hopes
Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an...
CBN battles forex market dark forces
…Naira depreciates further in the black market …As external sector waxes stronger At the backdrop of speculations that some powerful forces are behind the recent...
How Adebayo Soewu Built Business Conglomerate From Scratch
Like diamond in the sun, Asiwaju Otunba Fatai Adebayo Soewu, the Chief Executive Officer of F.A Feedmills Global Services Nig. Ltd, glows, thus adorning the Nigerian...
Rewane Highlights Factors to Propel Nigeria’s Growth in 2021
As Nigeria beams searchlight on ways to recover from the current economic recession, the Chief Executive Officer of Financial Derivatives Company (FDC) Limited, Mr....
CBN: Naira recovery against dollar to begin February 2021
•Firms envisage higher interest rates from January THE Central Bank of Nigeria (CBN) has said the naira will begin recovery against the dollar and other global...
42 microfinance banks lose licences
The Central Bank of Nigeria (CBN) has withdrawn the operating licenses of 42 microfinance banks (MfBs). The affected banks have been shut down. The Nigeria Deposit...
Govt halts retrenchment of 300 Arik Air staff
The Federal Government on Thursday said the over 100 per cent hike in domestic airfares was inevitable, describing it as one of the consequences of the COVID-19...
Naira exchanges for N474/$
The naira exchanged to the dollar in the parallel market at N474/$ on Thursday. The naira which recorded slight improvement in recent days closed at the Importer &...
Operators give investment conditions as pension funds hit N11.57tn
The Pension Funds Operators Association of Nigeria has said Pension Fund Custodians and Pension Fund Administrators will obey the guidelines given to them by the...
Naira devaluation risky for foreign currency loans, says report
The devaluation of the naira against global currencies will impact negatively on foreign currency loans and weaken capital base for the lenders, banking sector report...
