Market

Naira could fall to N900/$ due to demand pressure - report

Andersen, an independent tax and business advisory firm has said that the parallel rate of the naira may fall to N900 in 2023 from demand pressure if mitigating measures are not taken. The firm that has a worldwide presence through the member firms and collaborating firms of Andersen Global disclosed this in its report titled ‘Nigeria’s 2023 economic outlook’, which was presented by its…
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Banking

Banks not shutting down services for elections- ACAMB

The Association of Corporate Affairs Managers of Banks (ACAMB), the umbrella body of corporate and marketing communications professionals working in Nigeria’s banking sector, has debunked rumours trending on social media that the Central Bank of Nigeria (CBN) will shutdown…
BankingEconomy

CBN releases INEC cash ahead of elections.

THE Central Bank of Nigeria (CBN) has released cash to the Independent National Electoral Commission (INEC) ahead of national and state elections on February 25 and March 11. The amount was not disclosed. A source at the apex bank confirmed to The Nation that the cash was…
Aviation

United Airlines Launches $150M Sustainable Aviation Fund.

United Airlines yesterday launched the airlines’ Ventures Sustainable Flight Fund of $150million. It is the first investment vehicle to support start-ups focused on decarbonising air travel by accelerating the research, production and technologies associated with…
Transportation

The Minister of Transport demanded that shippers expand the port.

The Minister of Transportation, Mu’azu Sambo has charged the Nigerian Shippers’ Council to ensure the establishment of a Port Community System. Speaking during his recent visit to the NSC headquarters in Lagos, Sambo urged the council to ensure that the Port Community System become operational before the end of the President, Maj. Gen. Muhammadu Buhari’s administration. According to him…
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Brands & People

The NGO appointed Awosika as a matron.

Access Bank Chairman and Honorary Consul in the Czech Republic Dr. Ayoritsedere Awosika was appointed Project Manager and Environmental Adviser of the Inspires Me Academy. During a preventive visit to Awosika from her office in Ikoyi Lagos, NGO founder Aralola Olamuyiwa…
Energy

The company promotes the use of solar energy.

Westa.solar, a clean energy company offering packaged solar purchase agreements, provided a 148kW solar array for FrootMultitradeNigeria Limited and a 600kW solar array for SacvinNigeria Limited. In their statement, energy experts expressed continued concern about…
Transportation

Two die as a car crashes into a truck in Lagos

Two persons have been confirmed dead while many others sustained severe injuries in a Tuesday accident that occurred at Alfred Rewane Road, by Marriage Registry intersection, and around Isheri, Igando area of Lagos. The LASTMA Zonal Head around Isheri, Afolalu Gbenga, who confirmed the accident at Isheri, disclosed that two people (pedestrian and passenger) died instantly in the crash that…
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