FG Closes Bid, To Announce Concessionaires For Four Airports
The Federal Government, yesterday, closed bidding for four major airports with a plan to announce new concessionaires soon. Announcing the…
Month: October 2021
Manufacturers Decry FX, Electricity Pricing Challenges
As the Federal Government, in Abuja, harped on diversification of foreign exchange sources through export of manufacturing products yesterday investors…
Federal Government Of Nigeria Has Begun The Valuation Of Forfeited Properties
The Federal Government has begun the process for the valuation of property belonging to several politically exposed persons, including the…
Tesla Shares Jumped Above $1 Trillion
Tesla shares jumped for a fourth straight session on Monday, bringing the market capitalization for the electric-vehicle maker above $1 trillion for…
Nigerians Downloaded Over 200,000 Wallet In 24 Hours
Nigerians displayed massive interest in the Central Bank’s eNaira initiative downloading over 200,000 wallets in 24 hours. This is according…
Huawei Spinoff “Honor” First Smartphone To Launch In 40 Markets
Honor, the smartphone brand Huawei spun off last year, has launched its first smartphone overseas since becoming an independent company,…
National Pension Commission Recovered N19.29 Billion Unremitted Monthly Pensions By Employers
The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not…
Sterling Edges Up, Stuck Within Recent Ranges
Sterling rose slightly on Monday but remained within recent ranges as analysts said concerns about economic growth and inflation limited…
E-Naira – Emefiele Announces New ‘100 For 100’ Instrument
President Muhammadu Buhari has launched the Central Bank of Nigeria (CBN) digital currency, the e-Naira. While launching the digital currency,…
Agric-Tech Start-Up Secured $3.2 Millions Seed Round
Vendease, an agri-tech startup that lets restaurants and other food businesses buy supplies directly from manufacturers and farms, has secured…
United Bank Of Africa Recorded N490.3 Billion Gross Earning In Q3
United Bank for Africa, UBA Plc has recorded N490.3 billion gross earnings for the third quarter ended September 30, 2021…
What To Know About Nigeria Digital Currency
On Monday, President Muhammadu Buhari unveiled eNaira, Nigeria’s digital currency. At the launch, Buhari said the adoption of the Central…
Search Engine “Ecosia” Launch $405 Million Venture Capital Fund For Climate Crisis
Ecosia, the search engine that uses its ad revenue no to plant trees, has launched a 350 million euro ($405…
Analysts Projects A Spike In FBN Holdings Share Price
Shareholders and analysts in the Nigerian capital market have projected a rise in the share price of FBN Holdings Plc…
Nigeria: President Muhammadu Buhari Launch E-Naira
The President, Major General Muhammadu Buhari (retd.), on Monday, launched the eNaira platform. The eNaira is a culmination of several…
CBN Introduces E-Naira Speed Wallet And E-Naira Merchant Wallet
The Central Bank of Nigeria has finally launched its Central Bank Digital Currency called eNaira on Monday. The eNaira was…
NIN-SIM Linkage Subscribers Want Two-Month Extension As Deadline Nears
Telecommunication subscribers are clamouring for a two-month extension of the October 31 deadline for National Identity Number-Subscriber Identity Module data…
FG Mulls Bill On Digital Economy
The Federal Government has said it is working on a bill – the Nigeria Startup Bill (NSB)- that will aid…
Nigeria Government To Spend N7.53 Billion On 109 Digital Projects
The Federal Government has said it plans to spend about N7.53bn on digitisation and computerisation projects in 2022. According to…
HSBC Pre-Tax Profit For Q3 Jumped 75.8 Percent
HSBC on Monday reported third-quarter earnings that handily beat expectations and announced plans for a share buyback of up to…
French Development Agency Staked $70 Million To Bridge Nigeria Power Needs
To bridge the nation’s power needs and reduce environmental pollution, the Agence Francaise de Developement (AFD) has staked about $70m…
Nigeria: Federal, State and Local Government Disagree Over Repayment Of Paris Club Loan
Payment of salaries by about 33 states of the federation is uncertain as the decision of the federal government to…
President Of Federal Republic Of Nigeria To Unveil Central Bank Digital Currency Today
President Muhammadu Buhari will unveil the Central Bank Digital Currency, known as the eNaira, today at the State House, Abuja.…
Pension Fund Administrators Invested N2.05 Trillion Pension Fund In Banks In 6 Months
The total amount of pension funds invested in banks by Pension Fund Administrators rose to N2.05tn at the end of…
PayPal Says It Is Not Interested In Acquiring Pinterest
U.S. payments giant PayPal said that it is not currently interested in buying social media platform Pinterest. Responding to what…
World Bank Barred 18 Nigerian Individuals And Firms
The World Bank has blacklisted 18 Nigerian individuals and firms for engaging in corrupt practices, fraud and collusive practices in…