India’s Adani Will Pay Back Debts Backed By Shares Worth Up To $790 Million By March.
India’s Adani Group aims to prepay or return share-backed loans totaling $690 million to $790 million by the end of…
Month: February 2023
In Nigeria, W/Bank Deploys 100 Solar Grids
According to the World Bank, the National Electrification Project’s market-driven approach to small grid development has sped up the installation…
Stanbic IBTC Increases Cashless Transactions
A subsidiary of Stanbic IBTC Holdings, Stanbic IBTC Bank, has promised to assist frictionless financial transactions to support the Central…
NCC Reports A Growth In Mobile Subscriptions To 225.88 Million.
In Nigeria, the use of mobile technology is still expanding, with 225.88 million mobile subscribers as of January 2023. There…
Dangote Cement Will Issue A Dividend Of N20 Per Share.
A N20 dividend per share has been declared by Dangote Cement at the conclusion of the 2022 fiscal year. This…
According To CBN, There Is N1.38tn Less Money In Circulation.
Due to the Central Bank of Nigeria’s naira redesign strategy, the total quantity of currency in circulation in the nation…
Nokia Modifies Logo
While the manufacturer of telecom equipment concentrates on ambitious expansion, Nokia revealed plans to alter its brand identity for the…
Nigerian Growth Is Affected By Energy Costs, Pollution, And Other Factors.
Inappropriate price increases for pre-paid meters “Particularly south of the Sahara, Africa’s domestic gas markets are still underdeveloped or non-existent,…
Banks’ Prime Lending Rate Reached 13.67% Despite Macroeconomic Difficulties
Commercial banks’ prime lending rate to the most creditworthy consumers climbed to 13.67% in 2023, a 1.99% Year-on-Year (YoY) rise…
Lagos Issues A N137 Billion Bond On NGX
A N137,328,000,000 class IV bond issued by the Lagos State government has been placed on the Nigerian Stock Exchange. This…
FG Finds New Sites For 681,000 Barrels Per Day Of Oil Production
The Federal Government has discovered new oil resources with a daily production capacity of 1.52 billion standard cubic feet of…
CBN Evaluates Bank MDs, DMDs, And EDs’ Tenure
The Central Bank of Nigeria (CBN) reviewed the terms of the Managing Directors, Deputy Managing Directors (DMDs), and Executive Directors…
OML 18 Is Taken Over By NNPCL As The EFCC Investigates Eroton
After months of inaction brought on by a variety of concerns, including money being diverted, governance violations, and debt to…
Nigeria Elections – Akpatason, Okojie, And Others Win Rep Seats
Hon. Peter Akpatason, the Deputy Majority Leader of the House of Representatives, won the election to the House of Representatives…
23 Suspects Are Detained By Lagos police For Alleged Electoral Crimes.
According to the Lagos State Police Command, 23 people were detained during the presidential and National Assembly elections on Saturday…
Akpabio won in the Senate election in Akwa Ibom North West.
In the wee hours of Monday, the Independent National Electoral Commission announced that Senator Godswill Akpabio of the All Progressives…
Nigeria Elections – Labour Party secures the seat for Eti-Osa Reps while Banky W and Obanikoro Lose
The Eti-Osa Federal Constituency seat in the House of Representatives has been awarded to Mr. Thaddeus Attah of the Labour…
Bill To End Pension System Approved By National Assembly; PFAs Terminated
After operating the Contributory Pension Plan for 18 years, a measure to exempt its employees from the program has been…
Group Calls for Calm And Peaceful Elections
A few hours before the 2023 general election in Nigeria, Brothers Across Nigeria (BAN), an advocacy and justice-focused worldwide organization,…
Cash-flow Crisis: CBN Introduces USSD for E-Naira on Bullnet
The Central Bank of Nigeria has developed a USSD channel for the eNaira, the central bank’s digital currency. it was…
Early Branch Closures By Banks Due To Elections
Deposit Money Banks have made the announcement that they will have a early closure, one day before the nationwide presidential…
Elections Won’t Cause A Network Shutdown, Says NCC
There won’t be a telecommunications outage for the polls, according to the Nigerian Communications Commission. it declared that every network…
Insecurity May Make Poverty And Unemployment Worse.
According to a report by Augusto&Co, a research, credit ratings, and risk management company, insecurity issues in the country that…
Eskom’s CEO is Stepping Down with Immediate Effect in South Africa.
The state-owned electricity provider in South Africa, Eskom, said that its CEO, Andre de Ruyter, will resign from his position…
Nigeria’s Economy Grows Slowly as the Oil and Industry Sectors Decline.
Nigeria’s economic growth dropped in the fourth quarter to 3.52% from 3.98% a year earlier (NGGDPQ=ECI), the statistics office reported,…
Nigeria Awards a $70 million Annual Electricity Concession to a Local Company.
The Bureau of Public Enterprises (BPE) reported that Nigeria has selected local energy company Mainstream Energy Solution Ltd to operate…
Comcast Sells Additional BuzzFeed Shares By Utilizing The Upswing In AI.
Comcast Corp. reduced its ownership of BuzzFeed Inc. by 8.5% since the end of January in order to benefit from…
FG Plans To Earn N29 Trillion Annually By Reopening Shut Oil Wells.
The Federal Government is reopening closed crude oil wells in an effort to increase monthly oil production from various Niger…
Westasolar Company Encourages The Use Of Solar Energy
A 148kWp solar installation at Froot Multitrade Nigeria Limited and a 600 kWp solar installation at Sacvin Nigeria Limited have…
Premium Trust Bank Opens Branch At Redemption City
Premium Trust Bank, a quickly expanding commercial institution in Nigeria, has started conducting business in Redemption City, Ogun State. The…