Meta, the parent company of Instagram, announced plans to introduce a new feature on the social media platform in June 2024, enabling Nigerian creators to monetize their content.
Nick Clegg, Meta's president of global affairs, revealed this during a meeting with President Bola Tinubu at the...
FBN Holdings undergoes a significant leadership transition as billionaire Femi Otedola assumes the Chairman role, accompanied by appointing five new directors. The announcement includes the addition of Olusola Adeeyo and Viswanathan Shankar as non-executive directors for FBN Holdings, and...
Amidst assertions by the Central Bank of Nigeria (CBN) of successfully settling all outstanding foreign exchange (FX) obligations, foreign airlines have challenged the claim, asserting that the situation remains unchanged.
Kingsley Nwokeoma, President of the Association of Foreign Airlines and...
The naira has witnessed a notable appreciation at both the official and parallel markets following the Central Bank of Nigeria's (CBN) successful clearance of all foreign exchange (FX) backlogs.
Data from the FMDQ Securities Exchange indicates that the Naira closed trading at ₦1,410/dollar at...
The National Bureau of Statistics (NBS) reported a staggering 157.57% year-on-year increase in the national average price of Premium Motor Spirit (petrol), reaching N679.36 per litre, compared to N263.76 per litre in 2023.
Zamfara State topped the chart with petrol priced at N750.43 per litre...
Access Holdings has announced its intention to acquire the National Bank of Kenya, marking its first significant move since the passing of Herbert Wigwe. The decision follows earlier reports indicating the potential sale of the National Bank of Kenya by KCB.
According to a corporate disclosure...
In the parallel market, operators are quoting a buy price of N1400/$1 for individuals selling dollars, marking a notable strengthening of the naira. Recent checks by Nairametrics reveal that the exchange rate has been on the rise as speculators begin offloading their stockpiles of dollars due to...
The Central Bank of Nigeria (CBN) has announced a significant policy shift regarding foreign exchange (forex) restrictions on milk and dairy imports to address economic concerns and alleviate consumer burdens. This decision, revealed through a CBN circular dated March 12 with reference number...
Dame Adaora Umeoji, the newly appointed Group Managing Director/Chief Executive Officer (GMD/CEO) of Zenith Bank Plc. With over two decades of experience in banking and executive management, Dame Adaora brings a wealth of expertise and leadership to her new role. She Makes History as First...
Zenith Bank, one of Nigeria’s prominent financial institutions, is poised to announce Dame (Dr.) Adaora Umeoji as its new Group Managing Director/Chief Executive Officer (GMD/CEO), succeeding Dr. Ebenezer Onyeagwu.
Her appointment aligns with the bank’s succession plan, with a preference for...
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