Business

Nigeria’s trade surplus rises 91% to  N7.55trn in Q1’26

By Progress Godfrey  Nigeria recorded a 91 per cent, year-on-year, YoY increase in trade surplus to N7.55 trillion in the first quarter of 2026, Q1’26 from N3.95 trillion in the same period of 2025, Q1’25,  driven by a sharp decline in imports and a modest rise in exports.   The National Bureau of Statistics (NBS) disclosed this yesterday in […]
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CBN to allow investments in Chinese yuan

Central Bank of Nigeria , CBN, Governor, Malam Lamido Sanusi, said, yesterday, that the bank will allow investments to be held in Chinese yuan, broadening the available currencies in the country beyond dollars, euros and sterling.

Access Bank, others partner on sustainable finance opportunities

Access Bank Plc in collaboration with the United Nations Environment Programme Finance Initiative (UNEP FI) and FMO have concluded plans to educate and reinvigorate the interests of stakeholders in the Nigerian financial sector on opportunities in sustainable finance.

PHCN employee wins N1m in Skye Bank promo

Mr. Ashogbon Ajayi, an employee of the Power Holding Company of Nigeria (PHCN), has won the N1 million star prize of the Skye Bank ‘Savers promo’ draw.

Aimiuwu pick holes in Jonathan’s transformation agenda

A TRANSFORMATION strategist and planner, Chief Lugard Aimiumu has picked holes in the transformation project of President Goodluck Jonathan, saying that the president means well and deserves commendation but that the odds against Nigeria are monumental though surmountable.

Amakpe refinery requires N3b for completion – CEO

The Management of Amakpeb Refinery in Eket, Akwa Ibom, says about N3.14 billion was required to complete the project and begin operation. Chief Usua Amanam, the Chief Executive Officer, said that the amount included funds that would be used to procure initial stock of crude oil for the first three months of operation.

New CSCS boss vows to continue dematerialisation programnme

The newly appointed Managing Director of the Central Securities Clearing System, CSCS, Limited, a subsidiary and clearing house of the Nigerian Stock Exchange, Mr. Kyari Bukar said that the central depository firm will continue with the dematerialisation progamme in the Nigerian capital market.

OTL award holds November 3rd

The stage is now set for Oil Trading and Logistics (OTL) downstream awards 2011, which has remained the largest single gathering of top executives of downstream operators across africa and the dedicated platform for showcasing products, services and capabilities in the sector.

Emzor to expand wellness race

Apoko master Terry G was celebrity guest runner at the August edition of the monthly Emzor celebrity run, just as the pharmaceutical firm said it was in the process of expanding the scope of the event.

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