Tinubu Appoints New Leadership for Bank of Industry   President Bola Tinubu has approved the appointment of the following Nigerians to the board of the Bank of Industry Limited: (1) Dr. Mansur Muhtar, OFR, -- Chairman (2) Dr. Olasupo Olusi -- Managing Director/Chief...

Banks’ Deposits With CBN Now N3.42trn - Report The deposits of banks with the Central Bank of Nigeria ( CBN) hit a weekly high of N3.42tn at the end of last week. This followed the announcement of the operationalisation of the...

Renewed Naira Depreciation Begins As Market Turnover Drops By 25% There are indications that another round of Naira depreciation has set in following renewed demand pressure amidst widening supply gap. The Naira yesterday depreciated to N1,635 per dollar in the parallel...

'Pharma Companies Cut Profit To Reduce Drug Prices' Drug manufacturer, May & Baker Nigeria Plc has said pharmaceutical companies in Nigeria cut their profits to help reduce high drug prices. May & Baker CEO, Patrick Ajah, said the company increased prices...

FG Signs N11bn Concession Agreement For Tincan Water System   The Federal Government through the Nigerian Ports Authority (NPA) has handed over the Tincan Island Water System facilities to Sandust Tincan Water Project Limited after it signed a 16-year concession agreement...

FG Generates $21.5bn From NLNG’s $44bn Dividend Payment In 25 Years The federal government has received about $21.56 billion of the $44 billion dividends disbursed by the Nigeria Liquefied Natural Gas Limited (NLNG) in the last 25 years, the company’s...