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Category: Business

Business Economy headline

Nigeria’s inflation rate worsened in October, rising to 33.88%, says NBS

Iheanyi Ejiofor November 15, 2024 No Comments Inflation #Consumer price index [CPI] #NBS

Nigeria’s headline inflation rate increased by 33.88 per cent in October 2024, the National Bureau of Statistics [NBS] said on Friday. The NBS disclosed this in its Consumer Price Index (CPI)…

Read More Nigeria’s inflation rate worsened in October, rising to 33.88%, says NBS
Business Economy headline

UBA to Raise N239.4 Billion through Rights Issue

Iheanyi Ejiofor November 14, 2024 No Comments #UBA #Rights issue

– Shareholders to receive one new share for five existing shares – Further strengthens regulatory capital and positions Group for growth in lending, digital banking and unique diversified global banking…

Read More UBA to Raise N239.4 Billion through Rights Issue
Business Economy

Nigeria’s crude oil production now 1.8m bpd, says NNPC

Iheanyi Ejiofor November 14, 2024 No Comments #Crude oil production #NNPC

The Nigerian National Petroleum Company (NNPC) Limited says Nigeria’s oil production has reached 1.8 million barrels per day (bpd). According to NAN, Lawal Musa, NNPC chief production war room officer,…

Read More Nigeria’s crude oil production now 1.8m bpd, says NNPC
Business Economy headline

FG proposes N47.9trn as 2025 budget

Iheanyi Ejiofor November 14, 2024 No Comments #FG #Budget

Our reporter/ The federal government has proposed N47.9 trillion as the total expenditure in the 2025 budget. Atiku Bagudu, the minister of budget and economic planning made the disclosure while…

Read More FG proposes N47.9trn as 2025 budget
Business Economy headline

Access Bank UK acquires majority stake in Mauritius’ Afrasia Bank

Iheanyi Ejiofor November 14, 2024 No Comments #Access Bank #Afrasia bank #Mauritius

Access Holdings on Thursday announced that Access Bank United Kingdom (UK) has signed an agreement to acquire a majority stake in Afrasia Bank Limited, the fourth-largest bank in Mauritius by…

Read More Access Bank UK acquires majority stake in Mauritius’ Afrasia Bank

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