FG to Boost internet Connectivity in Eight States
In the first quarter of 2024, Nigeria is set to launch the National Broadband Alliance for Nigeria, an initiative aimed…
Month: January 2024
Opportunities in 2024 Budget for Nigerian Economy-First Bank CEO
Adesola Adeduntan, the Chief Executive Officer of First Bank of Nigeria, emphasized the presence of opportunities in the 2024 budget…
Potential 400% Revenue Increase through Foreign Investment in Hospitality- Stakeholders
Stakeholders in the hospitality industry have highlighted the potential for a substantial 400% increase in revenue within six months through…
NOVA Merchant Bank Increases Employee’s Salary by 50% Salary
NOVA Merchant Bank Limited has implemented a substantial 50% salary increase for its staff effective November 1, 2023. The bank,…
Ajaokuta Steel Company Faces Disconnect Over N33bn Electricity Debt, FG Begins Investigation
The Federal Government has announced an investigation into the non-functioning Ajaokuta Steel Company Limited, which accumulated a staggering N33bn in…
FG Adopts N800 to Dollar Exchange Rate in 2024 Budget
With the aim of ensuring stability in the 2024 Appropriation Act, the Federal Government disclosed on Thursday that it settled…
ILO Warns of Global Job Losses in 2024, Projects 5.2% Unemployment Rate
The International Labour Organisation (ILO) has issued a projection, stating that approximately two million workers could lose their jobs in…
Multinationals May Exit Nigeria in 2024 Amid Economic Environment- Report
A recent report by financial solutions firm Cardinal Stone suggests that multinational firms in the Fast Moving Consumer Goods (FMCG)…
Wema Bank Reports Over 130% Growth in Profit
Wema Bank has showcased remarkable financial performance in the third quarter of 2023, as its Profit Before Tax surged by…
Emerging Africa Capital Redeems Series 3 Commercial Paper Worth N1.6Bn
Emerging Africa Capital Limited, an Investment Banking and Financial Services company, announced the successful redemption of its Series 3 commercial…
Nigerian Stock Market Bounces Back, Gains N313bn
The Nigerian Exchange Limited closed on a positive note on Thursday, with investors gaining approximately N313bn. The All-Share Index rebounded…
International Breweries Plc Board Considers Rights Issue and Share Capital Increase
International Breweries Plc’s Board of Directors is set to deliberate on a Rights Issue and an increase in its share…
cNGN Faces Challenges as CBN Plans Transition from eNaira
As the Central Bank of Nigeria (CBN) prepares to introduce cNGN, its stablecoin, through commercial banks and fintech companies, challenges…
European Stocks Gain Amid Wall Street Momentum
European stock markets rose on Thursday, influenced by positive developments on Wall Street and ahead of the release of crucial…
U.S. Dollar Steady Ahead of Crucial Inflation Data
The U.S. dollar maintained its strength in early European trade, holding onto most of its gains from the beginning of…
Bitcoin Holds Steady After U.S. SEC Approves ETFs
Bitcoin maintained its position on Thursday near its highest level since March 2022 following the landmark approval of the first…
Oil Prices Rise Amid Middle East Tensions and Supply Concerns
Oil prices climbed on Thursday following reports of an oil tanker being boarded by an armed group in Oman, raising…
European Shares Rise with Focus on U.S. Inflation Data
European shares advanced on Thursday, with the pan-European STOXX 600 gaining 0.5% by 0921 GMT. The upward movement was led…
Global Trade Faces Setback Amid Red Sea Attacks
Global trade experienced a 1.3% decline from November to December 2023, according to a report from the German economic institute,…
EU Court Adviser: Google, Amazon, Airbnb Exempt from Italian Rule
An adviser to the European Union’s top court has recommended that Alphabet’s Google, Amazon, and Airbnb are not required to…
EFCC: Ministers get Investigated, ICPC Recovers N50bn
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) successfully recovered N50bn that was on the brink of embezzlement.…
Naira Depreciates by 26.36% Against Dollar as CBN Clears $2bn Debt
The Nigerian Naira has experienced a significant 26.36% depreciation against the US Dollar in the official Investor and Exporter window…
Hassan Imam Gets Appointed as New CEO of Keystone Bank
The Central Bank of Nigeria (CBN) appointed Hassan Imam as the new Chief Executive Officer and Managing Director of Keystone…
FG Allocates N450bn for Power Interventions in 2024 Budget
The Federal Government of Nigeria allocates N450 billion towards power interventions in 2024, as revealed in the budget analysis of…
Nigerian Stock Market Drops by N638bn in the New Year
The Nigerian Exchange Limited experienced its first depreciation in market capitalization for the New Year as the market cap declined…
Oil Marketers Seek Collaboration with Dangote Refinery
Oil marketers, represented by the Independent Petroleum Marketers Association of Nigeria, plan to meet with Dangote Petroleum Refinery management to…
Tinubu Plans Governance Cost Cut- Daniel Bwala
Daniel Bwala, former member of the All Progressive Congress (APC) and spokesperson for the Atiku Abubakar Presidential Campaign team, has…
Union Bank Names Yetunde Oni as Managing Director
On Wednesday, Sidi-Ali Hakama, the acting director of Corporate Communication at the Central Bank of Nigeria (CBN), through a circular…
Nigeria Retains Position as One of the Least Powerful Passports Globally”
Nigeria continues to hold its position as one of the least powerful passports globally, impacting the international opportunities available to…
Three Nigerian Banks Reaches N1trn Market Cap Milestone
This year, three of Nigeria’s largest banks achieved the N1 trillion market capitalization milestone, marking substantial gains in the first…