Blackout Fears As Kenya Power Staff Plan Strike
Kenya Power’s KPLC workers have threatened to go on strike in a dispute over the firm’s plans to lay off…
Month: February 2022
CBK Seeks Digital And Mobile Payment Platforms Fees Cut
The Central Bank of Kenya (CBK) has asked digital payment service providers including mobile money firms to cut their prices,…
T-Bills Interest Rates Jump To Two-Year High
Interest rates on Treasury bills have climbed to a two-year high on the back of a higher bid acceptance rate…
NAICOM, CIIN seek to boost insurance sector growth
The National Insurance Commission and the Chartered Insurance Institute of Nigeria have emphasised the need for operators in the insurance…
NGX inducts 133 new authorised dealing clerks
Nigerian Exchange Limited has inducted a total of 133 authorised dealing clerks from 63 trading license holders. During the induction…
Duty on vehicles, cargoes imported via PTML hits N224bn
The duty collected on imported used vehicles and other cargoes through Ports & Terminal Multipurpose Limited, one of the terminals…
Purple Lekki Is Creating An Iconic Space For Techies In Lagos, In Partnership With Ventures Park
Purple Lekki and Ventures Park announced today that both companies have entered into a strategic partnership for an iconic private…
Dangote Sugar Plc loses over N11 billion in market value in a single session
At the end of yesterday’s trading session, Dangote Sugar Refinery’s share price depreciated by 5.28% to close at N17.05 per…
Five Digital Products Propelling MTN Towards Tech
MTN has been growing alternative sources of revenue outside voice, maintaining an accelerated growth trajectory, with massive adoption of its…
African fintech, The Green Exchange targets $5 billion green bond issuance in Nigeria, others
African fintech, The Green Exchange is targeting $5 billion in green bond sales within five years to fund green bonds…
Cardano To Launch P2P Lending Network In Africa
Charles Hoskinson, the co-founder of Cardano, has disclosed that the Cardano blockchain plans to launch a peer-to-peer (P2P) lending in…
London Stock Exchange Acquires Tora For $325 Million
The London Stock Exchange Group (LSEG) announced that it has acquired a United States’ based cloud technology provider, Tora for…
NGX Loses N21 Billion As Investors Initiate Cautious-Trading
The NGX closed on a negative note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 8…
Advans Partners Axa Mansard To Launch Micro-Health Insurance Products
Advans La Fayette Microfinance Bank said it launched a micro-health insurance product in partnership with AXA Mansard, aimed at facilitating…
Nigeria:Demand Tickets From LASTMA When Arrested, Lagos Tells Commuters
The Lagos State Government, through the state Ministry of Transport, has urged Lagosians to always demand tickets from officer of…
FG begins probe of airlines over alleged collusion to fix airfares
Federal Government has commenced investigations into the alleged collusion by domestic airlines to fix airfares on all domestic routes. As…
Jamaica Finalising Steps To Debut Its CBDC
The Jamaican government has stated that it is finalizing preparations to launch the country’s central bank digital currency. In a…
Port congestion looms as 8,000 vehicles arrive Monday amid strike
Following the withdrawal of services by freight forwarders and clearing agents at Ports & Terminal, Lagos ports terminals may become…
FG to partner CBN, SEC on national savings scheme
The Minister of Finance Budget and National Planning, Zainab Ahmed on Tuesday received the National Savings Scheme Report from the…
Assist us to create more jobs, FG appeals to Korea
The Federal Government, through the Minister of Labour and Employment, Chris Ngige, has appealed to the Republic of Korea to…
NLC, IGP disagree over police exemption from N13.42tn pension scheme
Pension operators and the Nigeria Labour Congress, on Tuesday, opposed the Nigeria Police Force’s request for exemption from the Contributory…
FG to spend N3.53tn on infrastructure, human capital
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Federal Government plans to spend a total…
Stakeholders seek improved technology in real estate sector
Stakeholders in the real estate sector have called on FG to improve technology deployment in order to effectively solve challenges…
Fidelity Bank Restates Support For CBN FX Repatriation Push, Sensitizes Customers In Emerging Opportunities In Non-Oil Exports
Fidelity Bank Plc a leading Nigerian bank has reaffirmed its commitment to actively support the CBN efforts to achieve its…
Nigeria’ll focus on natural gas exploitation, Buhari tells global community
President Buhari on Tuesday told global gas exporting countries that the FG would invest more in natural gas exploitation in…
Ted Baker Fourth-Quarter Sales Jump 35%
Upmarket fashion retailer Ted Baker reported higher fourth-quarter sales on Wednesday as demand for office and party wear remained strong…
Trump’s Truth Social Downloaded 170k Times On Apple App Store
Donald Trump’s Truth Social app was downloaded 170,000 times on Apple Inc’s App Store since its launch last Sunday evening,…
Tesla Get Another Lawsuit From Ex Worker Over Racism
A former Tesla construction manager has filed a lawsuit against the electric car company alleging he was fired for reporting…
Market Records Slight Market Movement As Capitalization Increases By N7 Billion
The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 3…
Gold Eases After Hitting $1,900 An Ounce
The yellow metal has eased its bullish momentum after hitting $1,900 an ounce. A price point not traded since June…