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Day: September 13, 2023

Rising Inflation and Regulatory Costs Drive Up Operating Expenses for Nigerian Banks
Local

Rising Inflation and Regulatory Costs Drive Up Operating Expenses for Nigerian Banks

Inflation and regulatory charges have led to a 26% surge in total operating expenses for ten major Nigerian banks in…

byEkeminiSeptember 13, 2023September 13, 2023
Flutterwave to Invest $50 Million in Kenya, Awaits Regulatory Approval for Operations
Business

Flutterwave to Invest $50 Million in Kenya, Awaits Regulatory Approval for Operations

Nigerian fintech company Flutterwave is preparing a $50 million investment in Kenya as part of its efforts to secure a…

byEkeminiSeptember 13, 2023September 13, 2023
Nigeria Has Over 60 Different Taxes, Many Burden the Poor – Expert
Local

Nigeria Has Over 60 Different Taxes, Many Burden the Poor – Expert

According to Mr. Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Nigeria currently has…

byEkeminiSeptember 13, 2023September 13, 2023
Nigeria’s Pension Assets Surge to N17.01 Trillion, 10.03 Million Subscribers Join Scheme
Local

Nigeria’s Pension Assets Surge to N17.01 Trillion, 10.03 Million Subscribers Join Scheme

As of July 2023, Nigeria’s pension assets have risen to N17.01 trillion, showcasing a significant increase from N16.76 trillion in…

byEkeminiSeptember 13, 2023September 13, 2023
Apple Retires Lightning Connector, Embraces USB-C with iPhone 15 Launch
Business

Apple Retires Lightning Connector, Embraces USB-C with iPhone 15 Launch

Apple has officially bid farewell to its iconic Lightning connector, which was introduced 11 years ago. The new iPhone 15…

byEkeminiSeptember 13, 2023September 13, 2023
Nigerian Stock Market Loses N757 Billion in Two Days Following FTSE Russell Demotion
Local

Nigerian Stock Market Loses N757 Billion in Two Days Following FTSE Russell Demotion

Investors on the Nigerian Exchange Limited (NGX) have suffered a loss of N757 billion within two days after the demotion…

byEkeminiSeptember 13, 2023September 13, 2023
Nigeria’s Equities Market Sees Continued Sell-Offs, Investors Book N293 Billion in Losses
Local

Nigeria’s Equities Market Sees Continued Sell-Offs, Investors Book N293 Billion in Losses

Nigeria’s equities market continues to experience a negative trend, with more investors opting to sell their holdings to secure profits…

byEkeminiSeptember 13, 2023September 13, 2023
Nigeria Faces Threat to 2023 Budget as Crude Oil Output Falls by 470,000 Barrels Per Day
Local

Nigeria Faces Threat to 2023 Budget as Crude Oil Output Falls by 470,000 Barrels Per Day

The implementation of Nigeria’s 2023 budget, set at N21.8 trillion, is at risk due to a shortfall in crude oil…

byEkeminiSeptember 13, 2023September 13, 2023
United Bank for Africa (UBA) Records Exceptional Half-Year Performance, Profits Soar
Local

United Bank for Africa (UBA) Records Exceptional Half-Year Performance, Profits Soar

United Bank for Africa (UBA) Plc, often referred to as Africa’s Global Bank, has reported remarkable financial results for the…

byEkeminiSeptember 13, 2023September 13, 2023
Google Defends Search Engine Dominance in Monopoly Trial
Business

Google Defends Search Engine Dominance in Monopoly Trial

Google has responded to claims that it holds its position as the world’s largest search engine through illegal practices, asserting…

byEkeminiSeptember 13, 2023September 13, 2023
Ukraine Launches Missiles and Boats in Attack on Russia’s Crimea
Business

Ukraine Launches Missiles and Boats in Attack on Russia’s Crimea

Ukraine has reportedly launched ten missiles and three unmanned boats in an attack on Russia’s Black Sea fleet in Crimea.…

byEkeminiSeptember 13, 2023September 13, 2023

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