Business Archives - Page 48 of 98 - Voice Air Media

7 Minutes

Business

Higher prices loom as businesses rely more on loans to survive— Report

Akanji Philip February 12, 2024 0 Comment

Nigerians will soon experience another wave of increases in the prices of goods by major manufacturers as most of them now depend more on loans to fund their operations, resulting in higher interest payments...

1 Minute

Business

Wigwe: Access Holdings Set For New CEO’s Appointment

VAM News February 11, 2024 0 Comment

Voice Air Media, News Update Access Holdings, the parent company of Access Bank PLC will in no distant time appoint an Acting Group Chief Executive Officer to replace the late (Dr.) Herbert Wigwe. Wigwe,...

1 Minute

Business Lifestyle

Herbert Wigwe: Things to know about late 58-years-old Access Bank founder

VAM News February 10, 2024 0 Comment

Voice Air Media, News Update THE Chief Executive Officer, CEO, of Access Holdings Plc, Herbert Wigwe, is dead. Wigwe died on Friday in a helicopter accident in California, United States, US. Here are 11...

2 Minutes

Agriculture Business

Breaking: AfDB Launches $540M Initiative to Boost Agro-Industrial Zones in Nigeria

Akanji Philip February 6, 2024 0 Comment

All is set for the African Development Bank (AfDB) to commence the disbursement of $540 million to the first phase of states in Nigeria for the development of Special Agro-Industrial Processing Zones (SAPZs). ...

2 Minutes

Business

Transparency: BDAN urges banks to comply with CBN directives of FX exposures

Akanji Philip February 6, 2024 0 Comment

The Bank Directors Association of Nigeria (BDAN) has called on banks to fully comply with the recent directive of the Central Bank of Nigeria, CBN, on their maximum foreign currency exposures. Making this...

3 Minutes

Business

Naira weakens at parallel market, rises at official window

Akanji Philip February 6, 2024 0 Comment

The naira strengthened at the official window on Monday, after the Central Bank of Nigeria Governor, Olayemi Cardoso, reassured that the apex bank was making efforts to tackle the volatility of the currency. ...

1 Minute

Business

CBN discovers $2.4bn forex irregularities causing naira instability

Akanji Philip February 5, 2024 0 Comment

Governor Yemi Cardoso of the Central Bank of Nigeria (CBN) disclosed on Monday, January 05, 2024 that a $2.4 billion scam involving false foreign exchange claims has been unearthed. Speaking in a pre-recorded...

1 Minute

Business National

Inside Nigeria: CBN Bans Use Of Foreign Currency For Transactions, Lists Sanctions

VAM News February 4, 2024 0 Comment

Voice Air Media, News Update In a proactive move to address the alarming depreciation of the Naira against the Dollar, the Central Bank of Nigeria (CBN) has issued a statement, with the backing of...

2 Minutes

Business

No Plans to Convert $30 Billion Deposits to Naira Despite Market Speculations— CBN Clarifies

Akanji Philip February 3, 2024 0 Comment

The Central Bank of Nigeria (CBN) says there are no plans to convert $30 billion deposits in domiciliary accounts to naira. A report, on Saturday, had claimed that the apex bank is considering...

1 Minute

Business National

Nigeria’s Central Bank Restricts Banks, Fintechs From International Money Transfers

VAM News February 2, 2024 0 Comment

VOICE AIR MEDIA, News Update THE Central Bank of Nigeria (CBN) has imposed a ban on banks and financial technology companies (fintechs) participating in international money transfer services. The revised guidelines for International Money...