Top businesses, especially in the manufacturing and oil and gas sectors, are finding it difficult repaying dollar loans they took from banks when naira was stable, Republican Nigeria has learnt. The naira has come under intense pressure in recent months, hitting N570 to a dollar at the parallel market before its gradual recovery with oil…
The Nigerian Centre of Excellence and the most populous city in Africa, Lagos, is set to join the World of the latest cities with skyscrapers. This has however been welcome with criticism from Nigerians noting that this is unwelcome development when Nigerians are mourning deaths of people from Ikoyi collapsed building. According to a report…
The CEO of Facebook and founder of Metaverse has enumerated some ways through which one can earn real money in Metaverse, which is a new platform he created. The young billionaire took to his Facebook page to make this announcement as he went further to enumerate the three ways through which one can earn real…
If you want to participate in the $6.6 trillion-a-day forex market, there are several things that you’ll need to help you succeed. After all, it’s estimated that up to 70% of forex traders lose money on a regular basis, with only a select few banking sustainable profits. But what distinguishes successful forex traders from their…
FBN Holdings Plc, the holding company of First Bank Nigeria Limited, has confirmed Mr. Tunde Hassan-Odukale as the single-largest shareholder. The bank said with 5.36 percent equity holding, Hassan-Odukale is its largest single-holder followed by Femi Otedola with a 5.07 percent stake in the Group. Both Odukale and Otedola are disclosed as the only two…
The Nigerian billionaire businessman, Femi Otedola on Friday, October 22, 2021, takes over First Bank of Nigeria Plc. According to an exclusive report monitored by iexclusive News Nigeria on The Wall Street Journal, Femi Otedola has taken over First Bank with his recent acquisition of nearly N30 billion worth of shares, making him the bank’s…
This is the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates. The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened…
Fidelity Bank has become the case of “Rat eating the fish that was kept under her watch”, as over N200 Million move into fraudulent Fidelity Bank Top management Staffs account. It can not be said, if the bank can stand by her words which states that “We are Fidelity, we keep our words”. Fidelity Bank…
The World Finance Banking Awards 2021 has named Zenith Bank Plc as the Best Commercial Bank in Nigeria, retaining the award for a second consecutive year. Announced in the July 2021 edition of the World Finance Magazine, the award was based on individual banks’ ability to adapt to a continually evolving technological environment while maintaining…
The banking sector is presently witnessing an increase in the number of female managing directors/chief executive officers. Over the years, these remarkable women climbed the career ladder to get to the top after starting at the bottom. With dint of hard work, consistency, dedication and ambition, they successfully changed the narrative, breaking the proverbial glass…
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