Unlocking ₦84trn Banks’ Idle Funds For Lending To Manufacturers…
Nigeria’s challenge is no longer simply mobilising capital; it is creating the conditions under which…
Unlocking ₦84trn Banks’ Idle Funds For Lending To Manufacturers…
Nigeria’s challenge is no longer simply mobilising capital; it is creating the conditions under which banks can profitably lend that capital to businesses capable of producing, expanding, exporting and creating jobs,writes FRANKLIN OCHENEYI • Image: Dangote Petroleum Refinery, Lagos. RECENTLY, the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso , urged commercial banks to lend…
President Tinubu Tasks Varsities To Produce Job Creators
The President hurled the challenge on Tuesday in Ilorin, Kwara State, during the 37th Annual Conference and General Assembly of the Committee of Vice-Chancellors of Nigerian Universities (CVCNU), held at the University of Ilorin.
U.S Takes Over The Strait of Hormuz from Iran
The Strait of Hormuz, which handled about a fifth of the world’s crude oil and gas before the war, has become the central flashpoint between the U.S. and Iran since February.
Tegbe Charges EKEDC To Supply Constant Power To Industries In Apapa Corridors
Photo: Ijora and Apapa substations commission ceremony by Minister of Power, Joseph Tegbe. The Minister of Power, Joseph Tegbe, declared that bulk power are now available for Eko Electricity Distribution Company (EKEDC) to offtake for onward delivery to its industrial customers in Apapa Causeway, Ijora, Amukoko, Ajegunle, Apapa Wharf, Tin Can Island, and other critical…
24 firms control over 70% of Nigeria’s stock market – Vanguard
Twenty-four companies have emerged as the most valuable stocks on the Nigerian Exchange Limited (NGX) year-to-date (YtD) as of August 17, 2026. They account for 74.8 percent of the total market capitalisation of the equities market. The Vanguard reported that the 24 companies, drawn largely from the banking, consumer goods, industrial goods and energy sectors,…
Naira Exchange Rates/Commodity Prices Tuesday,18 August
BLACK MARKET RATES US Dollar (USD) Buy ₦1,405 Sell ₦1,413 Great British Pound (GBP) Buy ₦1,880 Sell: ₦1,900 EURO (EUR) Buy ₦1,580 Sell ₦1,600 Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080 South African Rand (ZAR) Buy ₦75 Sell ₦90 Ghana Cedi (GHS) Buy ₦95 Sell ₦110 West African CFA Buy ₦2, 300 Sell ₦2, 400…
How Zamfara Can Achieve Sustainable Lithium Value Chain Development – RMRDC
• Muhammad Gambo-Yaro, delivered a presentation during the capacity building. The Raw Materials Research and Development Council (RMRDC) has proposed the development of a Zamfara Lithium Development Master Plan, establishment of a verified lithium resource inventory, including the promotion of investment in lithium industrial parks. The Zamfara State Coordinator, Mr. Muhammad Gambo-Yaro, made the call…
BoI Chief Exposes Nigerian Capital Market’s Capacity To Mobilise Long-Term Funding
Bank of Industry Limited (BoI) said that the domestic capital market has the capacity to mobilise long-term funding for productive investment in the country. The Managing Director/Chief Executive, BoI, Dr. Olasupo Olusi, expressed the conviction citing the oversubscription of the bank’s maiden N250 billion Series 1 Fixed Rate Bond, by domestic institutional investors within five…
Naira Exchange Rates / Commodity Prices Monday,17 August
BLACK MARKET RATES US Dollar (USD) Buy ₦1,410 Sell ₦1,420 Great British Pound (GBP) Buy ₦1,890 Sell: ₦1,910 EURO (EUR) Buy ₦1,580 Sell ₦1,605 Canadian Dollar (CAD) Buy ₦1,020 Sell ₦1,080 South African Rand (ZAR) Buy ₦75 Sell ₦90 Ghana Cedi (GHS) Buy ₦95 Sell ₦110 West African CFA Buy ₦2, 300 Sell ₦2, 400 CENTRAL AFRICAN CFA Buy ₦2,150 Sell 2,250 CBN Exchange Rates US Dollar (USD) ₦1,357. 61 Great British Pound (GBP) ₦1,840.10 EURO (EUR) ₦1,571.70 Swiss Franc (CHF) ₦1,673.58 Chinese Yuan (CNY) ₦201.37 West African CFA (XOF) ₦2. 39 West African Unit Account (WAUA) ₦1,853.65 Saudi Riyal (SAR) ₦361. 59 South African Rand (ZAR) ₦83.85 COMMODITIES Commodity Price (US$) Chg % Soybeans 1182.39 4.64 0.39% Wheat 670.30 4.45 -0.66% Palm Oil 4714.00 4.00 0 .08 Cocoa 5773.00 54.00 0.94% Coffee 319.51 5.21 1.66 Corn 460.3454 1.3454 0.29 Sugar 16.67 0.07 0.43
Naira Exchange Rates / Commodities Friday, August 14
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1,416 Sell ₦1,423 GREAT BRITISH POUND (GBP) Buy ₦1,890 Sell: ₦1,910 EURO (EUR) Buy ₦1,590 Sell ₦1,610 CANADIAN DOLLAR (CAD) Buy ₦1,020 Sell ₦1,080 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 GHANA CEDI (GHS) Buy ₦95 Sell ₦110 WEST AFRICAN CFA Buy ₦2, 300 Sell ₦2, 400…
