Nigeria Targets N141.250bn From Sugar Tax On Soft Drinks, Others
With the takeoff of its sugar tax that has seen the rise in prices of some soft drinks, the FG…
Day: February 2, 2022
Alphabets Approves Plan For 20-For-1 Stock Split
As part of the tech company’s quarterly earnings statement on Tuesday, Alphabet’s (parent company of Google) board approved plans for…
Over $1.19 Billion Worth Of Ether Was Burned In January
Data from Ultrasound Money reveals that over $1.19 billion worth of Ether (ETH) was burned in the month of January…
MAN Wants Implementation Of E-Valuation, E-Invoicing Suspended
The Manufacturers Association of Nigeria has expressed concerns over the CBN guidelines on e-Valuation and e-Invoicing. The Association asked the…
Airtel Africa appoints Emeka Oparah as vice-president, corporate communications
Airtel Africa Plc has appointed Emeka Oparah, a communications professional, as vice-president, corporate communications. Airtel disclosed this in a statement…
Cititrust Holdings to list on NGX this year
Cititrust Holdings Plc, a pan-African financial and investment conglomerate, says it will transform into a publicly owned company by listing…
Senate considers bill seeking to establish Solid Minerals Development Bank
A bill seeking to establish the Solid Minerals Development Bank has passed the second reading at the senate. The bill…
FG’s multi-tranche $4bn Eurobonds listed on NGX
Nigerian Exchange Limited says the Federal Government of Nigeria has listed $4 billion Eurobonds on its platform. The Nigerian Exchange…
Oil revenue plunges as Nigeria misses January OPEC quota
Nigeria missed its crude oil output target for January 2022, pumping 1.46 million barrels per day against a target of…
Emefiele inaugurates N15bn rice processing factory in Kano
CBN Governor Godwin Emefiele inaugurated a rice milling factory in Kano State, with a capacity of 420 metric tonnes per…
Petrol Subsidy: FG, marketers engage over N3trn payment
THE Federal Government has engaged with the Major Oil Marketers Association of Nigeria over the N3 trillion subsidy payment. Chairman…
FG earns N1tr from privatisation, amid calls for transparency
Nigeria has earned at least N1 trillion as proceeds of privatisation and commercialisation of government-owned enterprises under the National Council…
Stakeholders fear border closure may cripple economy
Stakeholders in the maritime industry said the continuous closure of the land borders is affecting the ease of doing business…
European Markets Climb Amid Global Gains
European stocks moved higher on Wednesday amid positive momentum in global markets. The pan-European Stoxx 600 added 0.6% in early…
Chip Shortage: Volvo Sales Drop By 20.2 Percent
Volvo Car Group’s sales fell 20.2% in January under pressure from the global component shortage, though demand for its products…
Japan To Tighten Measures Against Cyberattack
Japan will consider imposing tighter curbs on companies in security-sensitive sectors that procure overseas software as part of efforts to…
Australia’s Aristocrat Take Over Of Playtech Set To Fail
Gambling software maker Playtech does not expect its shareholders to approve its proposed takeover by Australia’s Aristocrat, the British company…
CBN Okays Ahmad Abdullahi Appointment As FBH Chairman
The Central Bank of Nigeria (CBN) has okayed the appointment of Alhaji Ahmad Abdullahi as non-executive director of First Bank…
Panasonic Experience Rise In Operating Cost
Japan’s Panasonic on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw…
Nigerian Stock Exchange Market Gains 1.04 Per Cent
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 104…
World’s Second Largest Stablecoin Hits $50 Billion Capitalization
The world’s second largest stablecoin by market capitalization just hit the $50 billion mark, according to data from CoinGecko. Circle’s…
Nigerian All Share Index Rose By 9% In January
The Nigerian All-Share Index posted a gain of 9.1% in the month of January, its best January return in about…
Nigeria Startup “Nestcoin” Raises Pre-Seed Capital For Crypto Adoption
Nestcoin, a Nigerian tech startup, says it has secured $6.45 million pre-seed capital to accelerate crypto adoptions and web3 operations…