Business

Geregu Power Plc has reiterated its plans in the Nigerian power sector, as the first listed power generating company on the Nigerian Exchange Limited (NGX), the company claims it is...

Commercial banks in Nigeria may need about N4.7 trillion to meet the recapitalization benchmark prescribed by the Central Bank of Nigeria (CBN) in the past week. Findings from the audited...

The Central Bank of Nigeria (CBN) has issued a circular requiring all banks to meet the minimum capital requirement within 24 months. The apex bank on Thursday, 28 March announced...

In a statement released by Eko Electricity Distribution Plc (EKEDC) on Tuesday, 26 March 2024, signed by its board of directors, Mrs Rekhiat Momoh has been appointed the company’s acting chief...

The West Indian Ocean Cable Company (WIOCC), the parent company of Open Access Data Centres (OADC), and one of the companies with the largest capacity is involved in the restoration...

The Central Bank of Nigeria (CBN), on Monday, 25 March approved a second tranche of sale of foreign exchange (FX) to eligible Bureau De Change (BDC) operators to meet invisible...

Following the five-day first stage of the disconnection of 42 million Subscriber Identification Module (SIM) cards on 28 February 2024, telecom operators (Telcos) will commence another round of SIM disconnection...

President Bola Tinubu says his administration is sustaining investments in digital technology to enhance the sustainability of small businesses, expand opportunities across sectors, and propel Nigeria to become the lodestar...

The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Oye, has kicked against the lifting of the foreign exchange restrictions the Central...

The Central Bank of Nigeria has lifted the ban on accessing forex for the importation of certain food items such as dairy products. Some banks have begun sending out notifications...