Business

Renaissance Capital reports a 30% undervaluation of the Naira

The Renaissance Capital Africa report paints a promising picture for Nigeria in 2024, highlighting positive indicators such as a strengthening currency and a surge in…

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UBA Announces Plans for Recapitalization Amidst 75th Anniversary Celebrations

United Bank for Africa (UBA) is gearing up for a major recapitalization effort, with plans to seek shareholder approval by…

Naira Continues to Depreciate: Official Rate Hits N1,520.40/$1, Parallel Market at N1,535/$1

The Naira faced a continued downturn yesterday, falling in value at both the official and parallel markets. At the Nigerian…

CBN to Redirect N5.5 Trillion from Development Finance Operations

The Central Bank of Nigeria (CBN) is poised for a major operational transformation, according to the latest International Monetary Fund…

Securing $300 million poses no challenge for Access Bank, asserts Aig-Imoukhuede

Aigboje Aig-Imokhuede, the astute Chairman of Access Holdings Plc, exudes confidence in Access Bank's ability to secure $300 million in…

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