Nigeria’s Container Traffic Falls 7% to 1.57m in 2023 – Report Container traffic in Nigeria has declined by 6.85 per cent to 1.57 million twenty-equivalent units, compared to 1.68 million TEUs handled in the previous year, a port performance report presented at the quarterly meeting...

ECOWAS Exit: Mali, B’Faso, Niger Risk Exclusion from $702bn Market - Report Burkina Faso, Mali, and Niger Republic are set to be cut off from the $702bn strong Economic Community of West African States economy following their planned exits. This potential exit could further worsen widespread...

Senate Summons Cardoso over Naira Free Fall The Senate has summoned the Governor of Central Bank of Nigeria, Olayemi Cardoso, to appear before it on Tuesday next week for questioning. The Committee on Banking, Insurance and Other Financial Institutions issued the order to answer questions on...

Sell Excess Dollars in 24 Hours - CBN to Banks The Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, 2024, amid its fresh moves to stabilise the exchange rate. The CBN, which made the disclosure in...

Otedola Emerges as First Bank Holdings Chairman Billionaire businessman, Femi Otedola, has emerged as the new chairman of First Bank Holdings to succeed Ahmad Abdullahi. In a corporate notice filed with the Nigerian Exchange Limited on Wednesday, the financial institution said Otedola was appointed at the...

1,500 Redeployed CBN Employees To Resume Work At Lagos Office Friday   Following their relocation from the Abuja headquarters, at least 1,500 Central Bank of Nigeria (CBN) employees will begin work at the Lagos branch on Friday, February 2. The departments penciled down for relocation by the...