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Month: January 2024

Dangote Refinery: Investors Gain Over 1.2tn in One Week
Local

Dangote Refinery: Investors Gain Over 1.2tn in One Week

Equity investors in Dangote Group stocks are celebrating a significant gain of over 1.2tn in just the first two trading…

Ekemini UbaJanuary 17, 2024January 17, 2024
Royal Court Orders a Return of £6.9m Stolen Assets to Nigeria
Local

Royal Court Orders a Return of £6.9m Stolen Assets to Nigeria

A Jersey Royal Court in the United States has ruled that assets worth £6.9m ($8.9m) be returned to Nigeria. The…

Ekemini UbaJanuary 17, 2024January 17, 2024
OPay Reflects on  Achievements
Local

OPay Reflects on Achievements

Leading fintech company, OPay, has unveiled its achievements from the year 2023 and announced plans for improvements in security, customer…

Ekemini UbaJanuary 17, 2024January 17, 2024
Include Forex Trading in NYSC Curriculum- Experts
Local

Include Forex Trading in NYSC Curriculum- Experts

Foreign exchange experts have urged the Federal Government to integrate forex trading, risk, and financial management into the curriculum of…

Ekemini UbaJanuary 17, 2024January 17, 2024
AGF, Vista $50m Loan to Boost SMEs  in West Africa
Local

AGF, Vista $50m Loan to Boost SMEs in West Africa

The African Guarantee Fund (AGF) has partnered with Vista Group Holding to enhance access to finance for small and medium-sized…

Ekemini UbaJanuary 17, 2024January 17, 2024
Nigerian Exchange Limited Sets New Records; Investors gain 1.2tn
Local

Nigerian Exchange Limited Sets New Records; Investors gain 1.2tn

The Nigerian Exchange Limited achieved milestones at the close of trading on Tuesday, witnessing the benchmark All-Share Index rise by…

Ekemini UbaJanuary 17, 2024January 17, 2024
Customs to End Physical Cargo Examination at Port
Local

Customs to End Physical Cargo Examination at Port

Nigerian Ministries and Customs Embrace Technology, sIn a joint effort to enhance efficiency at the country’s ports, the Ministries of…

Ekemini UbaJanuary 17, 2024January 17, 2024
Nigerian Railway Corporation Initiates Reactivation of  Old Routes
Local

Nigerian Railway Corporation Initiates Reactivation of Old Routes

The Nigerian Railway Corporation (NRC) has initiated the reactivation of old narrow gauge networks, with a focus on the Eastern…

Ekemini UbaJanuary 17, 2024January 17, 2024
African Airlines Report 22.1% Increase in Demand
Local

African Airlines Report 22.1% Increase in Demand

African airlines experienced a significant 22.1% increase in Revenue Passenger Kilometers in November 2023 compared to the same period the…

Ekemini UbaJanuary 17, 2024January 17, 2024
Nigeria Customs Service Anticipates Salary Review
Local

Nigeria Customs Service Anticipates Salary Review

The Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, revealed on Tuesday that the service is due for a…

Ekemini UbaJanuary 17, 2024January 17, 2024
NIDF Reports 97.99% Growth in Profit
Local

NIDF Reports 97.99% Growth in Profit

Debt Fund (NIDF) has witnessed a remarkable 97.99% growth in Profit After Tax, reaching N20.380bn at the end of 2023,…

Ekemini UbaJanuary 17, 2024January 17, 2024
Nigeria to Save N8tn Annually from Fuel Subsidy Removal – Taiwo Oyede
Local

Nigeria to Save N8tn Annually from Fuel Subsidy Removal – Taiwo Oyede

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, revealed that the Federal Government is anticipated…

Ekemini UbaJanuary 17, 2024January 17, 2024
Dangote Refinery Partners with Major Oil Marketers in Nigeria
Local

Dangote Refinery Partners with Major Oil Marketers in Nigeria

Seven major oil marketers in Nigeria, including 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing…

Ekemini UbaJanuary 16, 2024January 16, 2024
Challenges Impedes Tinubu’s Gas-Powered Economy Initiative
Local

Challenges Impedes Tinubu’s Gas-Powered Economy Initiative

President Bola Tinubu’s vision to transform Nigeria into a gas-powered economy by 2030 faces a hurdle as private investors grapple…

Ekemini UbaJanuary 16, 2024January 16, 2024
Government to Privatize Port Harcourt Refinery as it Resumes Operations
Local

Government to Privatize Port Harcourt Refinery as it Resumes Operations

The Nigerian National Petroleum Company Limited (NNPCL) has revealed plans to transfer the operational reins of the recently revitalized Port…

Ekemini UbaJanuary 16, 2024January 16, 2024
Pantami Expresses Dissapointment over underutilization of NIN-SIM Data for Crime Prevention
Local

Pantami Expresses Dissapointment over underutilization of NIN-SIM Data for Crime Prevention

Isa Pantami, the former Minister of Communications and Digital Economy, has expressed disappointment with security agencies for not effectively using…

Ekemini UbaJanuary 16, 2024January 16, 2024
Oil Theft: President Tinubu Applauds Security Agencies for Effort
Local

Oil Theft: President Tinubu Applauds Security Agencies for Effort

President Bola Tinubu has praised Tantita Security Services Limited and other security agencies for their effective collaboration in combating oil…

Ekemini UbaJanuary 16, 2024January 16, 2024
Minister Bagudu Calls for $100bn Investment, Stresses Private Sector Role
Local

Minister Bagudu Calls for $100bn Investment, Stresses Private Sector Role

Senator Atiku Bagudu, the Minister of Budget and Economic Planning, has emphasized the need for a minimum of $100 billion…

Ekemini UbaJanuary 16, 2024January 16, 2024
Equity Market Increases by N874bn, Led by Chams Holdings, PZ Cussons, and 66 Others
Local

Equity Market Increases by N874bn, Led by Chams Holdings, PZ Cussons, and 66 Others

The equity market witnessed an upswing, gaining N874 billion at the close of trading on Monday, propelled by notable performances…

Ekemini UbaJanuary 16, 2024January 16, 2024
Analysts Advices  Investors on Rising Inflation
Local

Analysts Advices Investors on Rising Inflation

As inflation continues its upward trajectory, analysts are advising equity market investors to remain resilient by focusing on stocks with…

Ekemini UbaJanuary 16, 2024January 16, 2024
Transcorp Hotels Joins N1tn Market Cap Club
Local

Transcorp Hotels Joins N1tn Market Cap Club

Transcorp Hotels Plc, a key player in the hospitality industry, has achieved a significant milestone by entering the club of…

Ekemini UbaJanuary 16, 2024January 16, 2024
Access Holdings Acquires Megatech Insurance Brokers
Local

Access Holdings Acquires Megatech Insurance Brokers

In a statement filed with the Nigerian Exchange Limited on Monday, Access Holdings Plc has successfully acquired Megatech Insurance Brokers…

Ekemini UbaJanuary 16, 2024January 16, 2024
Gates Foundation Announces Annual Budget of $8.6bn, Focuses on Global Health Innovations
Local

Gates Foundation Announces Annual Budget of $8.6bn, Focuses on Global Health Innovations

The Bill & Melinda Gates Foundation has unveiled its annual budget of $8.6 billion for the year 2024, allocating a…

Ekemini UbaJanuary 16, 2024January 16, 2024
Afreximbank and UBA Disburse $2.25 Billion Oil-for-Cash Loan to NNPC
Local

Afreximbank and UBA Disburse $2.25 Billion Oil-for-Cash Loan to NNPC

The African Export-Import Bank and the United Bank for Africa have successfully disbursed $2.25 billion from the $3.3 billion oil-for-cash…

Ekemini UbaJanuary 15, 2024January 15, 2024
Nigeria is not an Import-dependent Country-Data
Local

Nigeria is not an Import-dependent Country-Data

According to World Bank data, Nigeria is not as import-dependent as perceived by many people. Nigeria, despite being an oil-producing…

Ekemini UbaJanuary 15, 2024January 15, 2024
Ajaokuta Steel Company: Struggle for Industrialization
Local

Ajaokuta Steel Company: Struggle for Industrialization

Despite being an emblem of Nigeria’s industrial aspirations since its initiation in 1979, the Ajaokuta Steel Mill continues to face…

Ekemini UbaJanuary 15, 2024January 15, 2024
Local

SERAP Advocates 70% Cut to National Assembly Budget, Deeming it Excessive

Nigeria’s Socio-Economic Rights and Accountability Project (SERAP) has called for a significant reduction of 70% to the National Assembly’s budget,…

Ekemini UbaJanuary 15, 2024January 15, 2024
EFCC Reignites High-Profile Corruption Cases
Local

EFCC Reignites High-Profile Corruption Cases

The Economic and Financial Crimes Commission (EFCC) has revived high-profile corruption cases involving former governors and ministers. The renewed investigations…

Ekemini UbaJanuary 15, 2024January 15, 2024
Expect Exchange Rate to Improve- Minister Bagudu
Local

Expect Exchange Rate to Improve- Minister Bagudu

The Minister of Budget and Economic Planning, Atiku Bagudu, anticipates an improvement in the exchange rate, citing the ongoing exchange…

Ekemini UbaJanuary 15, 2024January 15, 2024
Nigerian Exchange: YTD Gains, Investors profits 1.8tn
Local

Nigerian Exchange: YTD Gains, Investors profits 1.8tn

Less than a month into the New Year, the Nigerian Exchange Limited has achieved double-digit year-to-date gains, signaling a sustained…

Ekemini UbaJanuary 15, 2024January 15, 2024

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