The Central Bank of Nigeria, CBN, digital currency, eNaira has recorded 200,000 volumes and four billion Naira value of transactions since its inauguration in 2021.
Godwin Emefiele, the CBN Governor said this on Thursday in Abuja at the grand finale of the “eNaira Hackathon”.
The News Agency of Nigeria reports that...
The Central Bank of Nigeria, CBN, has assured Nigerians that it was tackling the forex scarcity, even as it advised against succumbing to the speculative activities of some players in the exchange market.
The Director, Corporate Communications at the CBN, Osita Nwanisobi, while speaking with journalists on Friday in Abuja,...
Shareholders of one of Africa’s largest manufacturing companies, BUA Cement Plc, have approved dividends of N88.047billion for its financial year ended December 31, 2021 at N2:60k per ordinary share of 50k each.
This approval was given during the company’s 6th Annual General Meeting held in Abuja, and comes on the...
The failure of an overhead power line in southern Germany has paralysed production at Europe’s largest BMW plant, in Dingolfing, a company spokesperson said on Monday.
Both the early and the late shifts were cancelled in the two assembly halls, with several thousand employees affected by the stoppage, the spokesperson...
Dangote Sugar Refinery Plc has declared a turnover of N276 billion for the financial year ended Dec. 31, 2021, translating to a 29 percent increase against the N214 billion recorded in 2020.
Its Chairman, Aliko Dangote, said this at the company’s 16th Annual General Meeting (AGM, on Wednesday in Lagos.
Mr...
The Minister of Information and Culture, Alhaji Lai Mohammed, has said BUA Cement's massive increase in production, especially since 2015, was made possible by the conducive business environment provided by the Federal Government.
The Minister, who stated this during a media tour of BUA Cement's Sokoto Plant on Wednesday, listed...
The African Development Bank (AfDB) has approved a $1.5 billion emergency programme to alleviate the impact of worsening food insecurity due to the Ukraine war, its director said on Monday.
About 20 million farmers on the continent will benefit from the fund as Africa faces a shortage of at least...
The Nigerian Breweries Plc has paid N416 billion since 2016 to become the highest tax-paying firm in the manufacturing industry in Nigeria, Chairman of the Board of Directors, Chief Kola Jamodu, has disclosed.
Jamodu, who disclosed this during the commissioning ceremony of N56 billion expansion civil works at Ama Brewery...
Alhaji Aliko Dangote, President of Dangote Group, says the Dangote Refinery and Fertiliser projects will come on stream before the end of third quarter of this year.
He said this when Dr. Akinwumi Adesina, President of the African Development Bank (AfDB) led a delegation of the bank to the project...
