99.4% of bank accounts hold less than N500,000
According to data from the Nigeria Deposit Insurance Corporation (NDIC), less than N500,000 is held in 99.4% of bank accounts in Nigeria. This was said in Gombe on Tuesday by…
FG approves Transcorp Power as preferred bidder for Abuja DisCo
Transcorp Power has been authorized as the preferred bidder for the Abuja Electricity Distribution Company (AEDC), according to Vice President Yemi Osinbajo. In Oyigbo LGA, Rivers state, he addressed on…
Central Bank Grants Permit To Foreign Banks To Disburse Loans To Nigerians In Dollars
The apex bank implemented this step to increase dollar liquidity in Nigeria through representatives of foreign banks by allowing foreign banks to collaborate with their parent corporations to arrange and…
Mike Adenuga: Business Colossus at 70
The Ijebu Man Who Defied All Odds to Transform Nigeria's Business LandscapeAs Mike Adenuga, the Nigerian business magnate, philanthropist, and visionary entrepreneur, strides into his 70th year, we reflect on…
Nigeria’s Unemployment Rate To Rise To 41% In 2023- KPMG
In its International Global Economic Outlook report - H1 2023, released on Tuesday, KPMG provided more specifics about this prediction, noting that "unemployment is expected to continue to be a…
Nigerian Central Bank Moves To Grab Unclaimed Funds In Banks, Dormant Account Balances
The Central Bank of Ivory Coast has announced that it will transfer all inactive account balances and unclaimed funds from banks into a special account it has set up. This…
Edo State ex-billionaire tells his story of have and have not…
In fact, in Lagos Sheraton Hotel, I spent 86million Naira in hosting people from London for one year and three months. I have the receipts, and you can go and…