businesspick

The Central Bank of Nigeria (CBN) has mandated that all banks and financial institutions transfer dormant accounts, unclaimed balances, and other financial assets to a dedicated account established for this …

The Central Bank of Nigeria (CBN) has projected a slight reduction in Nigeria’s external reserves in 2024. This forecast is detailed in the recently released maiden edition of its ‘Macroeconomic …

The Management of Dangote Industries Limited has accused International Oil Companies (IOCs) of obstructing its refinery operations. In a statement released on Wednesday, the company claimed that IOCs insist on …

The International Monetary Fund (IMF) has lowered its forecast for Nigeria’s economic growth in 2024 to 3.1%, as detailed in the July 2024 World Economic Outlook report released on Tuesday. …

British luxury brand Burberry (BRBY.L) announced significant changes on Monday, including the dismissal of its CEO and the appointment of Joshua Schulman, former CEO of Coach, to lead the company. …

Nigeria’s inflation has surged to a new high, reaching 34.19% in June 2024, according to the latest data from the National Bureau of Statistics (NBS). This marks an increase of …

On Monday, the Central Bank of Nigeria (CBN) sought to uplift spirits, assuring Nigerians that despite current economic challenges, the nation’s economy is on a path towards strength. CBN Governor …

The Federal Ministry of Power and the United States Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) worth ₦115 billion aimed at bolstering Nigeria’s commitment to …

The Corporate Affairs Commission (CAC) has announced its intention to cancel the certificates of incorporation of Bureaux De Change (BDCs) whose licenses were revoked by the Central Bank of Nigeria …

Billionaire Alexey Mordashov has proposed the creation of a Russian consortium aimed at investing billions of dollars in developing an alternative to the widely-used business software provided by Germany’s SAP. …