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Category: Business

Business Economy headline

Naira decline persists, crosses N700/$ mark at parallel market

Iheanyi Ejiofor August 29, 2022 No Comments #Naira #parallel market #CBN #Dollar-to-naira rate

The naira continued its downward slide on Monday, falling to N702 per dollar at the parallel market. The figure represents N10 or 1.4 percent depreciation compared to the N692 it…

Read More Naira decline persists, crosses N700/$ mark at parallel market
Business Economy headline

CBN releases $265m of airlines trapped fund

Iheanyi Ejiofor August 27, 2022 No Comments #CBN #Airlines trapped fund

By our reporter| The Central Bank of Nigeria (CBN) on Friday released the sum of $265 million to airlines operating in the country to settle outstanding ticket sales in an…

Read More CBN releases $265m of airlines trapped fund
Business News

Nigeria’s economy grew 3.54% in Q2 2022 – NBS

Iheanyi Ejiofor August 26, 2022 No Comments #Nigeria’s gross domestic product (GDP) #Nigeria

Nigeria’s gross domestic product (GDP) grew by 3.54 percent year-on-year in real terms in the second quarter of 2022, an improvement from the 3.11 percent growth recorded in the first…

Read More Nigeria’s economy grew 3.54% in Q2 2022 – NBS
Business Economy

Zenith Bank grows gross earning by 22% in Q1

Iheanyi Ejiofor August 24, 2022 No Comments #Zenith Bank

Zenith Bank Plc has announced its unaudited results for the first quarter ended 31st March 2022, with a growth of 22 per cent in Gross Earnings from N157.3 billion reported…

Read More Zenith Bank grows gross earning by 22% in Q1
Business Economy headline

FG: It will be insensitive to recommence Abuja-Kaduna train operations now

Iheanyi Ejiofor August 24, 2022 No Comments #FG #Abuja-Kaduna rail

By our reporter| The federal government on Wednesday said to commence the Abuja-Kaduna train services for now because it will be insensitive to the plight of families whose loved ones…

Read More FG: It will be insensitive to recommence Abuja-Kaduna train operations now

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