Business & Economy

The influx of foreign capital into the banking industry experiences a decline, reaching $832 million, as per the report

In 2023, Nigeria's banking sector experienced a notable decline in foreign capital inflow, receiving approximately $832.64 million, marking a 60 percent decrease from the...

Sachet alcohol prohibition raises concerns among manufacturers about potential job losses totaling 5.5 million

The Distillers And Blenders Association Of Nigeria warns of significant consequences if the Federal Government maintains the recent ban on sachet and PET bottle...

Banks offload $3.3 billion amid the Central Bank’s efforts to counter a recent decline in the value of the naira

The naira experienced a fresh decline in both the official and parallel foreign exchange markets on Friday. The national currency dropped to N1,670/$ at the...

Lagos airport runway reopens after undergoing 11 months of repairs

The Federal Airports Authority of Nigeria has officially reopened the 3.9km Runway 18R/36L at the Murtala Muhammed International Airport, Lagos, following nearly 11 months...

CBN divides a $134 million bank transfer to prevent any infractions, according to the AuGF report

The recent Auditor General of the Federation report reveals that the Central Bank of Nigeria, during the previous administration, divided a $134 million transfer...

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