Business

FTG, Feather Invest roll out solutions to ease liquidity issues in market Investors and business persons in Nigeria, particularly those having links with the stock market, may have reason to smile following the introduction of innovative solutions to ease liquidity issues in the market. Two foremost financial institutions, Financial Trust …

The Organisation of the Petroleum Exporting Countries (OPEC) has said that Nigeria’s economic growth in the first quarter of 2023 (1Q23) stood at 2.4 per cent year-on-year (y-o-y). OPEC made this known in its Monthly Oil Market Report for August obtained by the News Agency of Nigeria (NAN) on Friday. …

Mustapha Fasasi, a 34year old indigene of Oyo State, South-West Nigeria, is excited about his recently acquired skill of solar panel installation for homes and small businesses. With prior interest in solar and renewable energy, he signed up for the vocational skills training hosted by the Alliance for Youth Nigeria, …

The Glo-sponsored African Voices Changemakers will this week celebrate two music acts from South Africa who are inspiring the next generation of Africans. The guests include Abel Selaocoe, a popular and a hugely successful cellist, and renowned flutist, Wouter Kellerman. They will both take viewers through the story of their journey and experiences …

Details of the Consolidated Financial Accounts of the Central Bank of Nigeria for the year 2022 has revealed that the bank is indebted to JP Morgan, Goldman Sachs, and other liabilities. The CBN Consolidated Financial Statements showed that it owes JP Morgan, N3.2trn or $7bn and Goldman Sachs N0.23trn or $500m, …

enza’s innovative Payment Orchestration will enable Wema Bank to provide secure and reliable payment options at a reduced cost. enza, the acclaimed new disruptor in the African payments market today announced its strategic partnership with Nigeria’s most innovative bank, Wema Bank. Through this partnership, enza will engineer its innovative payment …

Globacom, Nigeria’s leading digital telecommunications services provider has announced the launch of the Glo Green Lotto service on its network. The program enables Glo members to purchase their favourite lottery tickets and win big by using their Glo lines and also paying through airtime. Globacom, which has always been in …

Tunde Ayeni and Heritage Bank   After sinking Skye Bank, Heritage Bank battles controversial businessman, Tunde Ayeni over N40bn debt Tunde Ayeni and Heritage Bank In what appears to be a case of the rich getting richer and cornering depositors’ funds for personal use, controversial businessman, Tunde Ayeni is in …

Barring any last minute change in plans, marketers will, from next week, raise the price of cooking gas as a result of the forex exchange crisis currently being experienced in the country. The President of the Nigerian Association of Liquefied Petroleum Gas Marketers, Olatunbosun Oladapo, who gave the hint advised …

Nigeria and other African countries are currently being short-changed in climate financing as the continent will need between $235 billion and $250 billion annually through 2030 to meet investments under its nationally determined contributions. This is according to the African Development Bank’s 2023 West Africa Economic Outlook report. Africa currently …