Business

NEPC The Executive Director of the Nigerian Export Promotion Council, Ezra Yakusak, has revealed that the key to stabilising the free fall of the naira against the dollar lies in enhancing the country’s export capacity. The PUNCH reports that the naira currently selling at over N1000/$ has continued to rise …

  The naira yesterday depreciated to N1005 per dollar in the parallel market from N995 per dollar on Tuesday. Similarly, the naira depreciated in the Investors and Exporters, I&E, window yesterday to N775.31 per dollar. Data from FMDQ showed that the indicative exchange rate for the I&E window rose to …

Emirates is rolling out the red carpet to welcome experienced Airbus captains, as the airline continues to expand its all wide-body fleet while enjoying exceptional demand across the network. The airline is now inviting applications from seasoned commanders to join its Direct Entry Captains programme for its fleet of Airbus …

Stanbic IBTC Insurance Limited, a subsidiary of Stanbic IBTC Holdings PLC, has unveiled its latest insurance product, the Sunset Benefit Plan, to help customers celebrate a life well spent and provide comprehensive funeral expenses coverage and financial security during bereavement or loss of their loved ones. This innovative insurance solution …

After his sudden exit as chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami went on to approve N6 billion as payments to several contractors and consultants, TheCable can report. Nami, who was succeeded by Zacchaeus Adedeji, greenlit the payments two days after he was sacked on September 14, according to documents seen …

•As account maintenance fee hits N66.7bn Customers of nine leading commercial banks paid N154 billion fee for using electronic banking services in the first half of the year (H1’23). Details of the banks’ financial statements for H1’23 showed that the fee represents a 16.7 percent year-on-year (YoY) rise when compared …

  Access Bank Plc has enhanced its Agriculture Desk for improved value for customers and stakeholders. The bank also launched its Development Banking Desk that will cater and focus on Not-for-Profit organisations. According to Access Bank, the Agriculture Desk positions the bank at the forefront of Nigeria’s agricultural financing market …

The Nigerian Association of Liquefied Petroleum Gas Marketers has called on the Federal Government to find ways to ensure stability of gas prices and make it available to the common Nigerians. The NALPGAM National President, Abideen Olatunbosun, made this call during the 36th annual general meeting/conference of the association, with …

Naira crashes further against dollar, pounds The Special Adviser to the President on Economic Affairs, Dr Tope Fasua, has called for a structural reform of Nigeria’s foreign exchange market(FOREX), saying the involvement of over 5,000 bureaux de change, is simply unmanageable. Fasua made the call at a roundtable organised by …

NOVA Merchant Bank, a leading merchant bank in Nigeria, has sponsored a Pediatric Surgical Intervention, as part of its 2023 Environmental, Social and Governance (ESG) program, specifically within its UPLIFT initiative project. This initiative, conducted in partnership with the Association of Paediatric Surgeons of Nigeria (APSON), positively impacted 50 indigent …