Business

Business – Gist Alerts

Cement Producers Agree To Reduce Price Of Product After Meeting With FG

Nigerian cement producers have agreed to reduce the price of the product to a range of N7,000 and N8,000 per…

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Nigeria’s Headline Inflation Hits 29.90% Amid Rising Cost Of Living

Nigeria’s headline inflation accelerated to 29.90% percent in January 2024, according to the latest data released by the National Bureau…

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Access Bank Appoints Bolaji Agbede As Acting CEO

Access Holdings Plc has approved the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer. This follows…

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CBN Orders Banks To Sell Excess Dollars In 24 Hours

Amid its fresh moves to stabilise the nation’s volatile exchange rate, the Central Bank of Nigeria (CBN) has ordered Deposit…

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Senate Summons CBN Chief Cardoso Over Naira Free Fall

The Senate’s Committee on Banking, Insurance, and other Financial Institutions has summoned the Governor of the Central Bank of Nigeria,…

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Dangote Retains First Place As Forbes Ranks Otedola 20th Richest In Africa

American business magazine, Forbes, has ranked the Chairman of Geregu Power, Femi Otedola, as the 20th richest in Africa with…

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Shell Exits Oil Exploration In Nigeria, Sells Off Onshore Subsidiary

Shell Plc stated that it has “reached an agreement to sell its Nigerian onshore subsidiary, The Shell Petroleum Development Company…

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CBN Dismisses Board Of Union, Titan, Keystone, Polaris Banks

The Central Bank of Nigeria (CBN) has dismissed the entire Board of Directors of Polaris, Titan, Union and Keystone Banks.…

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CBN Lifts Ban On Cryptocurrency Transactions

The Central Bank of Nigeria (CBN) has changed its stance on crypto assets in the country and asked banks to…

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Jumia Stops Food Delivery In Nigeria, Others

E-commerce platform, Jumia Technologies has announced that it will stop its food delivery service, Jumia Food at the end of…

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