The Group Managing Director/Chief Executive Officer of Zenith Bank Plc, Dr. Ebenezer Onyeagwu, has been named the ‘Best Banking CEO of the Year in Africa’ at the International Banker 2024 Banking Awards, retaining the title for the second consecutive year. The award, published in the Spring 2024 issue of International Banker Magazine, United Kingdom, coincides…
The Naira yesterday depreciated in the parallel market to N1,525 per dollar from N1,520 per dollar last weekend. However, the Naira appreciated to N1,339.33 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,339.33 per dollar from N1,482.81 per dollar last…
Manufacturers’ confidence in Nigeria’s economy surged by 53.3 points in the first quarter of 2024, up from 51.8 points last year. Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, recently disclosed this in its CEO Confidence Index report. The quarterly report measures stakeholders’ concerns about changes in economic government policies. In his comment, Ajayi-Kadir…
The National Bureau of Statistics yesterday said that the surge in prices of food items continued in April, with the average price of five basic foods items recorded 140.4 per cent, Year-on-Year, YoY increase during the month. The five food items are local rice, garri white, tomatoes, beans brown and yam. People Talk: On sale…
Lagos State has attracted over N50 billion investment through Foreign Direct Investment (FDI) and Domestic Direct Investment (DDD) in the last one year, Commissioner for Commerce, Cooperatives, Trade and Investment, Mrs. Folashade Ambrose-Medebem said yesterday. She was giving a report of her ministry’s activities at the ongoing press briefing to mark the first year of…
The United Kingdom Government says it is committed to supporting Nigeria to develop its thriving capital markets and sees its Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme as a strong basis for collaboration with Nigeria’s financial sector. It says Nigeria’s capital market can help contribute to the delivery of the country’s economic goals,…
The Naira on Monday appreciated in the parallel market to N1,475 per dollar from N1,480 per dollar last weekend. Similarly, the Naira appreciated to N1,468.99 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,468.99 per dollar from N1,497.33 per dollar…
Customers of eight commercial banks paid N119.3 billion as service charges for electronic business (e-biz) transactions in the first quarter of 2024 (Q1’24). People Talk: On sale of new Naira notes at Nigerian parties0:00 / 0:00 This represents a 65 percent year-on-year (YoY) increase when compared with N72.22 billion the customers paid in Q1’23. The…
Kogi, Bauchi, and Oyo are Nigeria’s three most expensive states on a year-on-year basis after recording highest in its All Items Inflation. However, on a month-on-month basis, Lagos, Ondo, and Edo are the most expensive states in Nigeria. This is according to the National Bureau of Statistics’s latest April consumer price index and inflation report….
The Executive Director and CEO, UBA Africa, Mrs. Abiola Bawuah, has emphasised the importance of securing funding and forging strategic partnerships Acknowledging the pivotal role that infrastructure plays in driving economic growth and enhancing livelihoods on the continent, she underscored the urgency for concerted efforts to address the continent’s infrastructure deficit. Speaking in a panel…
