Naira and Dollar The Naira on Monday appreciated against the dollar, exchanging at N756.94 at the Investors and Exporters window. The local currency gained 2.43 per cent when compared with N775.76 which it exchanged for the dollar at the close of business on July 28. The open indicative rate closed …

Destroyed shops in Awka About 100 microbusinesses have been relocated in the Ukwu-orji, Ekwulobia Street, and Ministry of Land areas surrounding the Anambra government house. The displacement was engineered by the Awka Capital Territory Development Authority (ACTDA), which acted under the protection of Nigeria Security and Civil Defence Corps (NSCDC) …

  Steep price pressures acted to limit the pace of growth in the Nigerian private sector in July. Overall input costs rose at a pace unsurpassed in more than nine-and-a-half years of data collection, with selling prices up rapidly in response. Rising price pressures impacted demand, with growth of both new orders and business activity …

The Presidential Election Petition Court on Tuesday reserved judgment in a petition filed by Mr Peter Obi and Labour Party (LP) challenging the election of President Bola Tinubu into power. Obi and LP are petitioners in the petition marked CA/PEPC/03/2023 are challenging the election which brought president Bola Tinubu into …

President Bola Tinubu The People’s Democratic Party has rubbished the speech delivered to the nation by President Bola Tinubu on Monday evening. According to PDP, the speech by President Tinubu dashed the hope of Nigerians and “especially his now disillusioned supporters.” The opposition party opined that Tinubu’s speech was a …

It is no longer news that most Nigerians are experiencing severe economic hardship due to the recent FX policy and subsidy removal. The economic challenges arising from the opening up of the foreign exchange market and the removal of petrol subsidies have resulted in soaring inflation and a significant drop …

According to The Will newspaper, investors have commended the recent reclassification of Fidelity Bank Plc stock from small price stock to medium price stock. Giving his perspective on the development, Mr Boniface Okezie, the National Co-ordinator, Progressive Shareholders Association of Nigeria, commented, “Fidelity Bank has paid its dues in the …

The sudden resignation of Olu Akanmu as the Chief Executive Officer of OPay has continued to brew concerns in several quarters. It was reported that Olu Akanmu, a financial industrial veteran announced his resignation on Monday morning via his official Twitter handle calling for a need to do more to …

A coalition of Civil Society Organizations (CSOs) on Sunday said it has uncovered fresh plot by embittered oil thieves to blackmail, smear and tarnish the image of the group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Mallam Mele Kyari. The CSOs, consisting of 42 different organizations, …

For a third year running, Zenith Bank Plc has been named the Best Commercial Bank in Nigeria at the World Finance Banking Awards 2023. The bank also emerged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards 2023, retaining the award for a second consecutive …