Francis Abel 
The naira fell in value against the US dollar to N1,234 in the official foreign exchange market on Monday, according to statistics from the FMDQ securities exchange. The currency rate indicates that the naira decreased by N65, or 5.26 percent, from N1,169.99/$1 recorded on Friday. The local currency had strengthened to about N1,072.74 on Wednesday, … Read more
The First Bank Board of Directors has named Segun Alebiosu, Executive Director and Chief Risk Officer, as the bank’s acting Managing Director and Chief Executive, succeeding Adesola Kazeem Adeduntan, who quit abruptly. He is anticipated to take the role on an interim basis until cleared by the Central Bank of Nigeria (CBN). In a released … Read more
Unveiling Transparency: A Comprehensive Guide on Investigating Your Insurance Agency Introduction: Choosing an insurance agency is a crucial decision that directly impacts your financial security and peace of mind. With countless options available, it’s imperative to thoroughly investigate an insurance agency before committing to a policy. In this blog post, we’ll explore a comprehensive guide … Read more
Oil marketers are gearing up to load refined petroleum products from the Port Harcourt Refining Company, as workers at the facility race to get it set for production on the directives of the Nigerian National Petroleum Company Limited. Dealers confirmed on Friday that the PHRC was almost set to start releasing products, projecting a N500/litre … Read more
The Naira appears to be up against a fresh threat from two crypto exchange platforms, just six weeks after the clamp down on Binance operations in Nigeria. The national currency had slumped badly in the forex market in the weeks preceding the clamp down on Binance, exchanging for as much as N1,950 in mid-February. But … Read more
Vice President Kashim Shettima has expressed optimism that the Naira would continue to appreciate against dollar at the forex market. Mr Stanley Nkwocha, spokesperson of the Vice-President in a statement on Saturday, said Shettima stated this at a meeting with officials of the Lagos Chamber of Commerce and Industry (LCCI), at the President Villa, Abuja. … Read more
The Senate Ad-Hoc Committee to Investigate the Turnaround Maintenance of Nigeria’s Refineries has said the Port Harcourt Refinery will begin operation before the end of December. This is as the Rivers State Governor, Siminalayi Fubara, has stated that his administration is working in tandem with President Bola Tinubu-led Federal Government’s policies designed to make life … Read more
The Managing Director (MD) of First Bank Nigeria Limited, Adesola Adeduntan, has resigned from the bank after leading the institution for three terms. In a letter addressed to the Chairman of First Bank, Tunde Hassan-Odukale, titled, ‘Notice of Retirement,’ the bank CEO whose tenure ought to elapse on December 31, 2024, voluntarily decided to step … Read more
Navigating Wellness: A Comprehensive Guide on Choosing the Best Health Plan for Your Child Introduction: Ensuring the well-being of your child is a top priority for every parent. One critical aspect of providing comprehensive care is choosing the right health plan. With a myriad of options available, selecting the best health plan for your child … Read more
President Bola Tinubu has appointed a new board of National Insurance Commission (NAICOM). A statement signed by the spokesman of the President, Ajuri Ngelale, on Friday, said Halima Kyari was named as chairperson of the new board. READ ALSO : Tinubu appoints new chairman, DG, board members for SEC (+FULL LIST) The statement reads : … Read more