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Category: Economy

Business Economy headline

List of 17 Nigerian companies, individuals banned by World Bank for corrupt practices

Iheanyi Ejiofor October 25, 2021 No Comments #World Bank #AFDB #debarred

The World Bank has debarred nine Nigerian individuals and firms from executing any contract with it for engaging in corrupt, fraudulent and collusive practices. This is contained in its recent…

Read More List of 17 Nigerian companies, individuals banned by World Bank for corrupt practices
Business Economy headline

eNaira will increase Nigeria’s GDP by $29b – Buhari

Iheanyi Ejiofor October 25, 2021 No Comments #President Muhammadu Buhari #eNaira #economy

By our reporter/ President Muhammadu Buhari on Monday said Nigeria’s new digital currency, eNaira, will increase the country’s Gross Domestic Product by $29 billion over the next 10 years. The…

Read More eNaira will increase Nigeria’s GDP by $29b – Buhari
Business Economy

CBN rolls out eNaira app, merchant wallets

Iheanyi Ejiofor October 25, 2021 No Comments #Central Bank of Nigeria (CBN) #eNaira #eNaira wallet #digital currency

By our reporter/ The Central Bank of Nigeria (CBN) on Monday rolled out eNaira, the country’s first digital currency. The digital currency has two applications, eNaira speed wallet and eNaira…

Read More CBN rolls out eNaira app, merchant wallets
Business Economy headline

Battle For First Bank: FBN holdings finally acknowledges Otedola’s shares

Iheanyi Ejiofor October 23, 2021 No Comments #FBN holdings ltd #First bank Nigeria #Femi Otedola #shares

By our reporter/ As the struggle for the control of Nigeria’s premier banking institution intensifies, FBN  Holdings Plc, the holding company of First Bank of Nigeria, in a reversal of…

Read More Battle For First Bank: FBN holdings finally acknowledges Otedola’s shares
Business Economy headline

eNaira to be unveiled by Buhari on Monday

Iheanyi Ejiofor October 23, 2021 No Comments #eNaira #Central Bank of Nigeria (CBN) #Digital currency #President Buhari

Ebun Francis/ Nigeria’s first digital currency, eNaira will be unveiled by President Muhammadu Buhari on Monday. The unveiling of the eNaira was earlier scheduled for October 1, but was postponed…

Read More eNaira to be unveiled by Buhari on Monday

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