African Export Import Bank (Afreximbank) has disbursed 150 million dollars to First Bank of Nigeria Ltd., under its Pandemic Trade Impact Mitigation Facility (PATIMFA).

The South East states of Abia, Anambra, Ebonyi, Enugu and Imo will face power outages following a system collapse announced by the Enugu Electricity Distribution Company (EEDC).

The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC).

The Naira on Wednesday, appreciated at the Investors and Exporters window, exchanging at N420.25 to the dollar, a 0.12 percent appreciation, against N420.75 on Tuesday, after a two-day loss.

The World Bank says economic growth in Sub-Saharan Africa (SSA) is expected to decline to 3.7 percent in 2022 as against 4.2 percent recorded in 2021.

National Salt Company of Nigeria (NASCON) Allied Industry Plc, a subsidiary of Dangote Industries (DIL) Ltd., said it recorded a net profit of N2.97 billion, while profit before tax rose from N3.9 billion to N4.3 billion for the year 2021.

The Naira on Thursday, depreciated at the Investors and Exporters window, exchanging at N419.50 to the dollar, a 0.12 percent depreciation, compared to N419 on Wednesday.

Union Bank Plc on Thursday said it had completed its core investors’ sale of a majority shareholding to Titan Trust Bank Ltd., a subsidiary of TGI Group.

The Naira on Tuesday exchanged at 419.50 to the dollar at the Investors and Exporters window, compared to 420.25 traded on Monday, representing 0.18 percent appreciation.

The equities market settled lower on Tuesday as market capitalization declined by N422 billion to close at N28.567 trillion from N28.989 trillion on Monday.

First Bank of Nigeria Ltd. says the creation of wealth for the unbanked and improving their standards of living will continue to be its major focus aimed at driving financial inclusion.

Alhaji Saleh Ahmadu, Chairman, Trade Modernisation Project Limited (TMPL) says the modernization of custom services project is targeted at generating 176 billion dollars for Nigeria.