CBN posts $23bn net FX reserve, strongest in three years

The Central Bank of Nigeria (CBN) has achieved its strongest foreign exchange reserve position in over three years, posting an impressive $23.11 billion in net reserves at the end of 2024. The development signals a robust recovery and enhanced financial stability for the country’s economy. It also reflects a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed

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Tinubu Sacks Kyari, NNPCL Board, Appoints Engr Ojulari as new GCEO

  ...Austin Avuru Emerges Non-Executive Director, South-South, David Ige, South-West, Henry Obih, South-East   President Bola Tinubu, in a surprise move on Wednesday, morning reconstituted the management of the Nigerian National Petroleum Company, NNPC, Limited, a development that led to the sack of the Group Chief Executive Officer, GCEO, Mallam Mele Kolo Kyari, including the board chairman, Chief Pius Akinyelure.

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Green Africa Acquires First Owned Aircraft, Asset Financing Provided by Access Bank 

Green Africa, Nigeria's Lagos-based value airline, has announced the acquisition of its very first owned aircraft. The incoming aircraft, an ATR 72 500 with manufacturer's serial number 852 and registration mark SN GAB, is expected to enter into service shortly after customary regulatory approvals. Access Bank, one of the largest banks in Nigeria and on the continent, provided a Naira

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