CBN Approves Additional FX Sale to BDCs at N1,450/$ To Curb Market Distortions
CBN has approved the sale of $20,000 to each eligible BDC operator at N1,450/$ to meet demand for invisible transactions.
CBN has approved the sale of $20,000 to each eligible BDC operator at N1,450/$ to meet demand for invisible transactions.
Investors have warned that amending the Finance Act 2023 could undermine confidence and negatively impact Nigeria’s investment climate if enacted.
Chappal Energies has expanded its footprint with TotalEnergies’ 10% stake in SPDC JV assets, boosting production and reserves.
CEO of Sonora Capital, Kunle Alonge, has cautioned against risky currency pair trading, emphasising the need for thorough fundamental understanding.
UK has appointed Mark Smithson as Country Director for DBT, succeeding Chim Chalemera, to boost investments between UK and Nigeria.
UK inflation holds steady, paving the way for potential interest rate cut, as PM Starmer vows to boost economic growth.
AMCON MD Gbenga Alade, revealed that AMCON has recovered N1.960 trillion from debtors, during a House of Representatives oversight visit.
HSBC has appointed Georges Elhedery, its finance chief since 2005, as the new CEO following current CEO Quinn’s unexpected retirement.
For the second consecutive year, the AfDB’s sovereign portfolio has secured the top spot in the Aid Transparency Index.
The IMF has slightly adjusted Nigeria’s 2024 economic growth forecast from 3.3% to 3.1%, reflecting weaker-than-expected first-quarter performance.
IMF has predicted global inflation to decrease from 6.7% in 2023 to 5.9% in 2024 and 4.4% in 2025, despite challenges.
Microsoft has acquired AI talent, including Mustafa Suleyman, in a $650 million deal, sparking scrutiny and a CMA investigation.
Founder of Feedup Africa,Jinmi Ajayi, has raised concerns over farmers’ smartphone access, urging cautious rollout of web applications.
The UN 2024 digital economy report has called for urgent environmentally sustainable and inclusive digitalisation strategies.
Dangote has announced plans to reach $30bn in revenues by 2025, aiming for independence in forex sourcing from the CBN.
Dangote has announced that his fertilizer and petrochemical divisions will be listed on the stock exchange latest Q1 2025.
Annual inflation rate has surged by 11.40% points to 34.19% in June 2024, highest in over a year.
“About 40% of what is adjudged crude oil theft actually are attributable to metering inaccuracies,” says NUPRC boss Gbenga Komolafe.
Stakeholders have called for comprehensive crypto regulation in Nigeria to boost interest and investment, while mitigating associated risks.
“Our agreement with the NNPC was for 20%, but they failed to pay the remaining balance last year,” says Dangote.
Easily access major global news with a strong focus on Africa. As well as the main stories of the day, we like to accentuate positive stories about Africa across all genres including Politics, Business, Commerce, Science, Sports, Arts & Culture, Showbiz and Fashion.
We broadcast 24 hours a day from our studios in London and New York and can be seen here in the UK and across Europe on the Sky platform (Sky channel 516), Freeview (Channel 136) as well as in the USA on the Centric channel and also on the Hot bird platform, which transmits to Europe, North Africa and the Middle East.
© 2023 Arise News - Part of the Arise Media Group.