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Day: September 29, 2023

Nigerian Banks Record ₦154 Billion in Fees for Electronic Banking Services in H1 2023
Local

Nigerian Banks Record ₦154 Billion in Fees for Electronic Banking Services in H1 2023

Customers of nine leading Nigerian commercial banks paid ₦154 billion in fees for using electronic banking services in the first…

byEkeminiSeptember 29, 2023September 29, 2023
JPMorgan Extends Lead in Investment Banking Fees Amid Deal-Making Drought
BusinessLocal

JPMorgan Extends Lead in Investment Banking Fees Amid Deal-Making Drought

JPMorgan has strengthened its position at the forefront of the investment banking fee rankings, securing 8.6% of the global dealmaking…

byEkeminiSeptember 29, 2023September 29, 2023
Closure of Lagos Markets Impacts Traders’ Revenue Amid Waste Management Concerns
Local

Closure of Lagos Markets Impacts Traders’ Revenue Amid Waste Management Concerns

The Lagos Waste Management Authority (LAWMA) has temporarily closed the Oyingbo and Alayabiagba markets on the Lagos Mainland due to…

byEkeminiSeptember 29, 2023September 29, 2023
Rising Crude Oil Prices Prompt Concerns Over Subsidy Costs and Manufacturing Expenses in Nigeria
Local

Rising Crude Oil Prices Prompt Concerns Over Subsidy Costs and Manufacturing Expenses in Nigeria

The Federal Government of Nigeria is expected to incur additional subsidies on premium motor spirit (PMS), also known as petrol,…

byEkeminiSeptember 29, 2023September 29, 2023
Genomics Startup 54Gene Initiates Closure After Securing $45 Million Funding
Health

Genomics Startup 54Gene Initiates Closure After Securing $45 Million Funding

54Gene, a genomics startup co-founded by Abasi Ene-Obong, has begun the process of winding down its operations after successfully raising…

byEkeminiSeptember 29, 2023September 29, 2023
Risevest Acquires Digital Trading Startup Chaka in Strategic Deal
Fintech

Risevest Acquires Digital Trading Startup Chaka in Strategic Deal

Fintech startup Risevest has completed the acquisition of digital trading startup Chaka, a deal that had been in discussions for…

byEkeminiSeptember 29, 2023September 29, 2023
EEOC Files Lawsuit Against Tesla Alleging Widespread Racial Harassment
Technology

EEOC Files Lawsuit Against Tesla Alleging Widespread Racial Harassment

The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against Tesla, accusing the automaker of violating federal law…

byEkeminiSeptember 29, 2023September 29, 2023
Nigerian Investors Experience N112 Billion Loss in Bearish Trading
Local

Nigerian Investors Experience N112 Billion Loss in Bearish Trading

Investors on the Nigerian Exchange Limited (NGX) faced sustained losses as the market saw a decline of N112 billion. This…

byEkeminiSeptember 29, 2023September 29, 2023
Canadian Dollar Weakens Against USD Amidst Robust Greenback and Investor Caution
Currency

Canadian Dollar Weakens Against USD Amidst Robust Greenback and Investor Caution

The Canadian dollar, known as the “loonie,” has experienced a 0.5 percent decline against the US dollar, reaching its lowest…

byEkeminiSeptember 29, 2023September 29, 2023
Foreign Investors Decrease Control in Nigerian Stock Market Transactions in August
Local

Foreign Investors Decrease Control in Nigerian Stock Market Transactions in August

In August 2023, foreign investors traded 14.15 percent of the overall N262.56 billion in the Nigerian stock market, while domestic…

byEkeminiSeptember 29, 2023September 29, 2023
Nigerian Exchange Group (NGX) Records 25% Surge in Other Income Despite Marginal Revenue Decline in H1 2023
Local

Nigerian Exchange Group (NGX) Records 25% Surge in Other Income Despite Marginal Revenue Decline in H1 2023

Despite a marginal decline in revenue during the first half of 2023, the Nigerian Exchange Group (NGX) experienced a 25%…

byEkeminiSeptember 29, 2023September 29, 2023
National Economic Council Confirms $3 Billion Emergency Loan for Crude Oil to Stabilize Naira
Local

National Economic Council Confirms $3 Billion Emergency Loan for Crude Oil to Stabilize Naira

The National Economic Council has affirmed that the $3 billion emergency loan-for-crude oil, secured by the Federal Government in August,…

byEkeminiSeptember 29, 2023September 29, 2023

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