Year: 2021
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…
Frazium Energy Strikes Deal For Solar Battery Project In Eswatini
Australian renewable power producer Frazium Energy has inked a deal with the government of Eswatini, also known as Swaziland, to…
LocalGlobe Leads 7-figure Seed Round For Nigeria’s Eden Life
Nigerian startup Eden Life, a home services app for scheduling food, laundry and cleaning services, has raised a US$1.4 million…
UK Export Finance Of £1.5 Billion For Nigeria Is Largely Untouched
The £1.5bn financing set aside for Nigeria by the UK Export Finance, the United Kingdom government’s export credit agency, has…
Tesco Website And App Down After Online Hack Attempt
Tesco’s online grocery store website and app have been removed by hacking attempts, retail giants said. The supermarket chain said…
First Bank OF Nigeria Holdings, Battle Of Major Stakeholder
There is a struggle for the control of Nigeria’s premier banking institution, FBN Holdings Plc. The fight is between the…
Dangote Cement Plc: PAT Of N191.6 Billion
Dangote Cement Plc built an after-tax profit of N191.6 billion at the end of its half-year trading in June 2021.…
Facebook To Pay For News Content In France
Facebook said Thursday it had reached an agreement with some French newspapers to pay for news content shared by its…
Court Satisfied With MultiChoice Deposit Of N8 Billion in Tax Case
At the hearing in Lagos on Wednesday, the administrative court said it was satisfied that MultiChoice had complied with the…
Elon Musk Set To Become First Trillioniare Through His Company SpaceX
Elon Musk, the world’s most renowned entrepreneur and the CEO of two of the world’s largest companies, SpaceX and Tesla,…
Federal Inland Revenue Service Propose Road Infrastructure Tax For Informal Sector In Nigeria
Muhammad Nami, executive chairman of the Federal Inland Revenue Service (FIRS), says the agency is proposing road infrastructure tax in…
Nigeria Stock Exchange Equities Investors Gain N237 Billion
Transactions on the equities sector of the Nigerian Exchange Limited (NGX) sustained a rising profile yesterday, occasioned by gains in…
Facebook, Twitter, Other Social Media And Digital Advertising Companies Stocks Drop
Shares of Facebook and Twitter and other social media and digital advertising companies are sharply down in after-hours trading, after Snap reported it missed revenue expectations…
IMF Project 2.7 Percent Economic Growth For Nigeria In 2022
The International Monetary Fund, IMF, has projected a 2.7 per economic growth for Nigeria in 2022 and 2.6 per cent…
Nigeria External Reserves Rise To $40 Billion In Three Weeks
Nigeria’s external reserves gained $3.98bn in three weeks, rising above the $40bn mark, according to data obtained from the Central…
Antigua And Barbuda Orders Arrest Of ‘Imagine Global’ Couple For Alleged Fraud
The Prime Minister of Antigua and Barbuda Gaston Browne has ordered the arrest of Bamise and Elizabeth Ajetunmobi, the couple…
Oil Refining Renaissance Under Threat From Natural Gas Crisis
Surging prices for natural gas are threatening to eat up the profit some oil refiners are making on their fuels,…