The naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market. Bureaux De Change (BDC) operators in Lagos told TheCable on Friday that the naira exchanged…
Category: Business
Innoson Chairman: My relationship with GTBank changed after ex-MD’s exit
By Sodiq Adewale Chocomilo Chairman of Innoson Group, Innocent Chukwuma has disclosed that his relationship with Guaranty Trust Bank (GTB) now Guaranty Trust Holding Company Plc (GTCO Plc) changed after the…
Blue Ocean Lodge & Club Opens in Osun
The landscape of the hospitality business in Osun state is about changing with the entrance of a Blue Ocean Lodge & Club Obagun, Osun state. Obagun is set to receive visitors and…
Obi Cubana reacts to client’s death, shuts down Abuja club
Socialite and businessman, Obinna Iyiegbu, aka Obi Cubana, has shut down his Abuja club, Hustle & Bustle, over the death of one of his clients. The Anambra-born club owner…
eNaira downloaded over 566,000 times from 160 countries – CBN reveals
The Central Bank of Nigeria said on Friday that the eNaira wallet has been downloaded over 488,000 times from over 160 countries. The CBN said in a statement, “So far,…
Naira Appreciates At Official Market As Nigeria’s External Reserve Bounces Back
The exchange rate between the Naira and the US dollar closed at N414.30/$1, at the official Investors and Exporters window. The Naira appreciated against the US dollar to close at N414.30/$1 on…
CBN: We Spent N58.6bn To Print N1.06trn In 2020
The Central Bank of Nigeria (CBN) has stated that it spent N58.618 billion to print 2.518 billion of naira notes, valued at N1.06 trillion in 2020. This was disclosed…
How Femi Osibona, Fourscore Homes Owner’s Body Was Recovered From Collapsed Building
Owner of Fourscore Homes, the company in charge of the 21-storey building that collapsed in Lagos identified as Femi Osibona has been found dead. The development has been confirmed by an official…
Two Years After Listing On NGX, MTN Nigeria To Sell 575m Shares
MTN Group has disclosed that it will sell 575 million shares worth $241.7 million in the Nigerian unit to institutional investors and retail investors. This is the first public offering from the…
CBN: eNaira more reliable than cryptocurrency
The Central Bank of Nigeria has said that the eNaira is more reliable than cryptocurrencies. The CBN Director of Corporate Communications, Nnamdi Okwuosa, said this at the CBN Fair to…