Buffett retakes the stage as Berkshire prepares to pass the baton
As Berkshire Hathaway prepares for its annual meeting, all eyes are on Warren Buffett, but the absence of his longtime…
Day: May 3, 2024
FCMB Group to pay N9.901 billion dividend to shareholders for FY 2023
FCMB Group Plc, a financial institution in Nigeria, announced that its shareholders will get a dividend of N9.901 billion for…
NGX Starts May Strong, Investors Gain N303 Billion
The Nigerian Exchange Limited (NGX) began May with a positive trend, as the All-Share Index rose by 0.55%, gaining 537.15…
Naira closes 1,402/$ at official market as dollar demand persists
In the initial trading session of May at the NAFEM window, the Naira experienced a small decline, settling at N1,402.67…
Elon Musk says X will strip ability to block accounts
Elon Musk, the owner of social media platform X, has advised users to unblock all accounts they’ve previously blocked, promising…
Lagos generated N300m from Land Use charge in four months – Commissioner
The Lagos State Government has announced that it earned N300 million in revenue from the Land Use Charge in the…
BUA Cement continues with its profit decline streak in Q1 2024
BUA Cement Plc released its financial results for Q1 2024, revealing a pre-tax profit decrease of 39.97% to N21.286 billion…
Wema bank seeks shareholders’ approval to raise N200bn capital
Wema Bank Plc, one of Nigeria’s oldest commercial banks, plans to seek shareholders’ approval to raise N200 billion in capital…
DSTV Tariff Hike: Court Orders Lawyer To Paste Restraining Order At MultiChoice Office
The Competition and Consumer Protection Tribunal in Abuja has directed MultiChoice Nigeria Limited to halt its planned increase in DSTV…
Nigerian Transnational Fraudster Captured, Convicted After Scamming 400 U.S. Citizens In Multimillion-Dollar Fraud Scheme
Amos Prince Okey Ezemma, a Nigerian national, admitted guilt in a transnational inheritance fraud scheme that preyed on elderly and…
Fuel Scarcity: 9,000 oil marketers face license loss, IPMAN appeals for extension
As Nigerians grapple with fuel scarcity, over 9,000 oil marketers are at risk of losing their operating licenses. The Independent…
FG mandates stamp duty charge on mortgage
The Federal Government has instructed Deposit Money Banks to commence the deduction of a 0.375 per cent stamp duty charge…
Petrol Scarcity: 7 Vessels Stranded at Escravos Channel”
The current petrol supply crisis in Nigeria has been attributed to seven daughter vessels, collectively carrying 150 million litres of…
CBN worries over declining economic activities
The Central Bank of Nigeria (CBN) has expressed worry over the recent decline in economic activities in the country. According…