Business News
-
149AfDB signs $75m Loan Agreement to boost Indorama’s Fertilizer Production and Export Capacity
The African Development Bank has signed a $75 million loan agreement with Nigeria’s Indorama Eleme Fertilizer and Chemicals Limited. The loan will...
-
156Visa and Mastercard agree to $30b settlement that will lower merchant fees
Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have...
-
139Profit Taking Drags Market Performance Down
EQUITIES The Nigerian equities market extended yesterday’s losses following sell pressures on MTNN (-1.7%) and FBNH (-3.4%). Accordingly, the All-Share Index declined...
-
237Post MPC: CBN Raises Interest Rate to 24.75%
In line with our expectations, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) again voted to raise the...
-
281Central Bank Sells Dollar to BDCs at ₦1,251/$1
The Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators informing them that $10,000 have been...
-
142Nigeria Emerges Second-largest Investor in Plastics Technology in Africa
Nigeria has emerged as the second-largest investor in plastics technology in Africa with €143 million pumped into the industry in 2022, a...
-
156FG Allocates 675 Hectares for Diaspora City Project
The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that the Federal Government has allocated 675 hectares of land for...
-
126Regulatory Bodies Launch Roadmap on Sustainability Reporting Standard
The NGX Regulation Ltd. (NGX RegCo), the regulating body of the Nigerian Exchange Group and Financial Reporting Council of Nigeria (FRCN) on...
-
150Pre-MPC: More Rate Hikes Ahead
The Monetary Policy Committee (MPC) has slated its second meeting of the year for 25th and 26th of March, deviating from its...
-
3.8K20m Diaspora Nigerians Remit $24b yearly –FG
…Business News In Brief The Federal Government has disclosed that the over 20 million Nigerians in Diaspora remit over $24 billion per...
