Dangote refinery at 97% completion – NMDPRA
Mr. Farouk Ahmed, chief executive officer of the NMDPRA, made the announcement in a statement signed by Mr. Anthony Chiejina, group chief branding and communication officer of Dangote…
As Naira Crashes to N730/$, CBN says its RT200 FX Programme has started yielding the expected result
According to the nairametrics report, the Central Bank of Nigeria (CBN) said its RT200–FX program has begun to deliver its intended results despite a significant drop in the…
Samsung warns of 32% hit to profits on chip slump
The worldwide economic recession has led to a 32% decline in demand for electronic devices and the memory chips that power them. As a result, the technology giant…
More headache for Nigeria as China reduces lending
China, Nigeria’s largest bilateral creditor, is rumoured to be reducing its loans in Africa in response to the continent’s deteriorating growth problems.Infomation Guide Nigeria The choice of the…
Investors lose N1.4 trillion in Q3
In the third quarter, investors lost N1.484 trillion in the equity sector of the capital market as a result of rising interest rates, insecurity, and other domestic economic…
The Central Bank of Nigeria has begun debiting the account of its defaulters
Under its development financing operations, the Nigerian Central Bank is debiting the accounts of its defaulters. The director of development finance of the CBN, Yusuf Yila, said on…
States to get $750m W’Bank loan in December
The PUNCH has learned that States in Nigeria would get the first installment of a 750 million dollar World Bank loan by December 2022.Infomation Guide Nigeria Approximately $0.5…
Mike Adenuga-backed Sterling Bank sees future beyond banking, set to become holdco
As the board awaits approval from the central bank and other regulators, Tier–2 lender Sterling Bank is preparing for the pivotal stage of its development into a holding…
Agro-firm gives cash to PWDs, farmers in Kaduna
In Kaduna State, the Agro-Processing Productivity Enhancement and Livelihood Improvement Support program has provided financial assistance to at least 1,700 farmers, including people with physical disabilities. After an…
‘Shortlet market will generate 30% revenue for investors’
Keji Giwa, the founder of Digital Landlords and ShortletHomes, claims that the recreational shortlet market can generate a 30% return on investment for investors.Infomation Guide Nigeria Giwa stated…