Business Archives

Cardoso named Central Bank Governor of the Year in Africa, gong_news.com

CBN screens banks’ financial reports for infractions

The Central Bank of Nigeria (CBN) has strengthened its pre-emptive surveillance of banks to unearth infractions and ensure compliance with extant rules and guidelines. The banks have been under intense…

Gong March 11, 2024

Business News Nigeria

Cement manufacturers declare N710b profit

Nigeria’s three cement manufacturers recorded profit of N710.03 billion in 2023 as significant upsurge in sales and considerably higher prices lessened pressures on operations. A sectoral intelligence report by reports…

Gong March 4, 2024

Business News Nigeria

FULL LIST: Binance, OctaFX, Coinbase, others blocked over forex crisis

The Federal Government has moved against online platforms of Binance and other cryptocurrency firms over alleged manipulation of the forex market. Binance is a digital assets platform which serves as…

Gong February 23, 2024

Dollar to Naira exchange rate for October 24, 2025

Business News Nigeria

JUST IN: CBN denies plans to convert $30bn domiciliary deposits to naira

The Central Bank of Nigeria (CBN) has denied planning to convert $30bn domiciliary deposits to naira. There had been reports that in a bid to rescue the naira, the Federal…

Gong February 3, 2024

Business News Nigeria

Naira’s fall: CBN moves against banks for hoarding $5billion

The Central Bank of Nigeria (CBN) hit the nail on the head yesterday. It accused commercial banks of hoarding over $5 billion in foreign currencies against the threshold approved by…

Gong February 2, 2024

Business News Nigeria

Mining Development: Fed Govt, Saudi Arabia to collaborate

The Federal Government and the Kingdom of Saudi Arabia would be collaborating to enhance the development of solid minerals in the country. The collaboration between the two countries is being…

Gong January 11, 2024

Business News Nigeria

Dangote receives one million barrels of crude, plans local supply

The management of Dangote Refinery has confirmed receiving the maiden one million barrels crude cargo. The crude was discharged at the refinery’s terminal on Thursday. In a statement on Friday,…

Gong December 9, 2023

Business News Nigeria

CBN to freeze accounts without BVN, NIN

Bank accounts without Bank Verification Number (BVN) and National Identity Number (NIN) will be frozen by the Central Bank of Nigeria (CBN) with effect from March next year. This is…

Gong December 2, 2023

Business News Nigeria

Nigeria, Germany sign 12,000mw power agreement

Nigeria and Germany yesterday signed an accelerated performance agreement aimed at expediting the implementation of the Presidential Power Initiative (PPI) to improve electricity supply in Nigeria. The signing ceremony, which…

Gong December 2, 2023

Business News Nigeria

PenCom invest N130bn pension fund in infrastructure

Pension Fund Administrators invested N130.18 billion funds under the Contributory Pension Scheme in infrastructure as of the end of September 2023. Figures obtained from the National Pension Commission on ‘Unaudited…

Gong November 27, 2023

Shut up, keep quiet, Wike, soldiers clash over land in Abuja

Tinubu sends delegation to UK to negotiate Ekweremadu’s transfer to Nigeria

Israel-Gaza: War ‘has not ended’ – Netanyahu declares

EFCC declares ex-minister Timipre Sylva wanted

CBN screens banks’ financial reports for infractions

Cement manufacturers declare N710b profit

FULL LIST: Binance, OctaFX, Coinbase, others blocked over forex crisis

JUST IN: CBN denies plans to convert $30bn domiciliary deposits to naira

Naira’s fall: CBN moves against banks for hoarding $5billion

Mining Development: Fed Govt, Saudi Arabia to collaborate

Dangote receives one million barrels of crude, plans local supply

CBN to freeze accounts without BVN, NIN

Nigeria, Germany sign 12,000mw power agreement

PenCom invest N130bn pension fund in infrastructure

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