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UBA eyes early recapitalisation as 2024 profit hits N767 billion

Nigeria, April 26 -- United Bank for Africa (UBA) says it will meet the Central Bank of Nigeria's (CBN) new capital requirement of N500 billion by the third quarter of 2025, well ahead of the March 20... Read More


GTCO appoints Barau as incoming chair, as profit hits N1.27 trillion

Nigeria, April 25 -- Guaranty Trust Holding Company Plc (GTCO) has appointed Suleiman Barau, a former deputy governor of the Central Bank of Nigeria (CBN)as its new group chairman, following sharehold... Read More


Bagudu speaks on composition, roles of Tinubu's census committee amid criticisms

Nigeria, April 23 -- Minister of Budget and Economic Planning Abubakar Bagudu has said the newly formed Presidential Committee on Population and Housing Census is a technical advisory body focused on ... Read More


NSIA to exit fertiliser scheme after growing blending plants

Nigeria, April 18 -- The Nigeria Sovereign Investment Authority (NSIA) has announced it will exit the Presidential Fertiliser Initiative (PFI) this year, following an eight-year intervention that grew... Read More


FCCPC raids Abuja market, seals shops over fake foreign rice brands

Nigeria, April 16 -- Officials of the Federal Competition and Consumer Protection Commission (FCCPC) on Tuesday raided several shops in Utako Market, Abuja, sealing stores allegedly engaged in rebaggi... Read More


US tariff hike could hurt Nigeria's export earnings, industrial growth - MAN

Nigeria, April 16 -- The Manufacturers Association of Nigeria (MAN) has warned that the 14 per cent tariff on Nigerian exports imposed by the United States could hurt the country's manufacturing secto... Read More


Bank recapitalisation crucial for $1 trillion economy target - CBN

Nigeria, April 16 -- The Central Bank of Nigeria has reiterated that the ongoing banking sector recapitalisation is essential for Nigeria's ambition to become a $1 trillion economy, describing the pro... Read More


SPECIAL REPORT: Inside the excessive bank charges killing Nigerians

Nigeria, April 15 -- Ozovehe Blessing, an Abuja-based school teacher, regularly sends money to her younger brother at Kogi State University. Recently, she transferred N5,000 via her mobile banking app... Read More


N5.51 trillion committed to real sector, PenCom tells IMF delegation

Nigeria, April 11 -- The National Pension Commission (PenCom) has disclosed that the Nigerian pension industry has committed a total of N5.51 trillion to asset classes that support long-term financing... Read More


US-China trade war could slash bilateral trade by 80%, split global economy - WTO

Nigeria, April 10 -- The Director-General of the World Trade Organization, Ngozi Okonjo-Iweala, has warned that escalating trade tensions between the United States and China could lead to an 80 per ce... Read More