Bank Assets Rise By 21% To N64.32Tn – CBN
Nigerian banks’ total assets rose by N11.15tn in one year to N64.32tn as of the end of April. Figures obtained…
Day: July 4, 2022
Oil Prices Slip As Recession Fears Rumble On, Tight Supply Stems Losses
Oil prices fell on Monday, paring gains from the previous session, as fears of a global recession weighed on the…
Japan’s KDDI Shares Slide Nearly 4% After Giant Mobile Network Outage.
KDDI Corp shares fell as much as 3.9%, the biggest system failure in the history of Japan’s No.2 wireless carrier.…
Chinese Property Developer Shimao Misses Repayment On $1 Billion Bond
Chinese property developer Shimao Group (0813.HK) has missed the interest and principal payment of a $1 billion offshore bond due…
Fuel Scarcity: IPMAN Meets NMDPRA, Says Price To Remain N165 Per Litre At Stations- Nigeria.
The Independent Petroleum Marketers Association of Nigeria (IPMAN), which recently warned of massive fuel scarcity if; the FG does not…
Brazil’s Fertilizer Imports Jump As Farmers Prepare To Plant New Crop
Brazilian fertilizer imports in June jumped 18.6% and totaled 4.15 million tonnes, according to government data released on Friday. However,…
CAF To Launch $200 Million African Super League In August 2023.
The Confederation of African Football (CAF) has divulge that the long-promise African Super League which FIFA. They say a $200…
Exxon Signals Operating Profits Could Double Over The First Quarter
Exxon Mobil Corp on Friday signaled that skyrocketing margins from fuel. So as, crude sales could generate a record quarterly…
Despite Market Sell-off, These Crypto’s Have Positive YTD Return
It’s not news that the cryptocurrency market is having a very tough year. This is with the market capitalization losing…
KongaPay At House Of Lords, London, Signs Historic Partnership With Bibimoney.
KongaPay, a frontline mobile money platform and a member of the Konga Group, Nigeria’s leading composite e-commerce giant; has signed…
Over 2,000 Retirees Can’t Get Monthly Pensions – PenCom
No fewer than 2,084 retirees cannot be on monthly pension payments. And have left the Contributory Pension Scheme in the…
Weekly Stock Update: Nigerian Exchange Group Record Gains, Up 0.24%.
The Nigerian equities market closed bullish during the week as the All-Share index gained; 0.24% in the week ended 2nd…
Nigerian adults with bank accounts hit 45% — World Bank
The number of Nigerians with accounts at regulated institutions such as a bank; credit union, microfinance institution, post office, or…
Nigeria Lost $1 Billion In Revenue To Crude Oil Theft In Q1 2022
Due to crude oil theft, Nigeria lost a staggering $1 billion in revenue in the first quarter of 2022. Therefore,…
Lekki Gardens Signs N25bn Commercial Paper-Nigeria.
Lekki Gardens Estates Limited has signed the N25bn commercial paper approved for the company by the FMDQ Security Exchange Limited.…
Concerns For Nigerian Startups As 126 Global firms Laid Off 15,781 Employees In June 2022
Amidst rising inflation and a gloomy economic outlook, tech startups across the globe bit the bullet in June. As a…
Lagos Pays N42bn Pension Entitlements To 11,349 Retirees- Nigeria.
Lagos State Government has paid N42bn accrued pension rights to 11,349 retirees in the state. The Commissioner for Establishments, Training…
Heirs Underwriters Backs Africans With $30,000 Grant
Heirs Insurance and Heirs Life Assurance, the insurance subsidiaries of the pan-African investment group. Heirs Holdings, have said they will…
Personnel: Health Sector Receives Only 50% Returns On Investment, Says NSSF
The Nigeria Solidarity Support Fund says Nigeria’s healthcare system is in crisis as it currently receives only 50% of its…
FG’s Ship Financing Fund Rises By 79%, Hits N145bn- Nigeria.
The Cabotage Vessel Financing Fund has risen from $195m to $350m in 2022, representing 79.4 % increase. It will be…