At the investors’ and exporters’ window on Thursday, the Naira lost value versus the dollar and traded for N461.67. The exchange rate reflected a drop of 0.04 per cent from the N461.50 it was traded for on Wednesday. On Thursday, the open indicative rate reached a high of N461.25 to the dollar. Before it finished Read More…
Business
Celebrating International Women’s Day at BAT in West and Central Africa
This year’s International Women’s Day (IWD) themed ‘Embrace Equity’ marks a call to action for accelerating women’s opportunities and promoting equity to forge harmony, unity, and help drive success for all. British American Tobacco in West and Central Africa recognizes that our employees are all unique and have different needs, experiences, and opportunities, and through Read More…
Managing multiple shocks will boost Africa’s economy—ECA
If the continent’s numerous shocks are appropriately addressed, the Economic Commission for Africa (ECA) suggests that its economy might grow positively. This is contained in a press release by Mr. Adam Elhiraika, Director of the Macroeconomics and Governance Division of the ECA, during the experts meeting currently taking place in Ethiopia. Elhiraika stated that a Read More…
Credit Suisse thrown $54 billion lifeline to avoid global bank crisis
After its shares fell, Credit Suisse said it would borrow up to $54 billion from Switzerland’s central bank to boost liquidity and investor confidence. The bank’s announcement in the middle of the night in Zurich boosted Credit Suisse shares 24% and helped reverse some of the stock market losses caused by investor fears of global Read More…
Coca-Cola: Creating A Better Shared Future Through Women Economic Empowerment
‘Equality is not just the right thing to do, it is smart economics. No society can ever truly flourish if it stifles the potential of its women and deprives itself of the contribution of half its citizens.’ At Coca-Cola, we know that women are not only essential to building thriving communities – we truly believe Read More…
NGX: Sell-offs cost investors N36bn
At the end of trading on Tuesday, investors in the Nigerian Exchange Ltd. (NGX) stock market had lost N36 billion. In particular, equity capitalisation declined by N36 billion, or 0.12%, from its opening price of N30.391 trillion to its closing price of N30.355 trillion. The All-Share Index (ASI), which closed at 55,722.9 as opposed to Read More…
Gulf Brokers extends to Nigeria, diversifies services
Gulf Brokers, a stockbroking firm, said it has expanded its services to Nigeria and made a commitment to provide a variety of services there, according to a statement released on Tuesday in Lagos by the company’s financial analyst, Mr. KP Syam. Syam said that the business just included Nigeria in its array of services, which Read More…
Young investors in Nigeria get $672 million tech fund
Nigeria on Tuesday unveiled a $672 million fund to aid the internet and creative industries for young investors who find it difficult to raise money in the biggest economy in Africa. The fund, which caters to individuals between the ages of 15 and 35, is launched at a time when locals are worried by the Read More…
CBN, commercial banks capitulate, old naira notes now legal tender
The previous N200, N500, and N1000 notes, as well as the newly designed notes, are still valid until December 31, 2023, according to a CBN announcement on Monday. The decision was made at a Bankers Committee meeting, according to a statement made by its Acting Head of Corporate Communications, Alhaji lsa AbdulMumin. “In compliance with Read More…
Naira loses further to dollar
Naira exchanged at N461.67 at the Investors’ and Exporters’ window on Monday, a further decline against the dollar. The exchange rate indicated a decline of 0.04 percent from the N461.50 it was trading for at Friday’s close of business. On Monday, the open indicative rate was N461.50 to $1. Prior to settling at N461.67 during Read More…