FCMB Group Plans N110 Billion Capital Raise with New Share Offer
FCMB Group announced plans to raise N110 billion by issuing new ordinary shares at N7.30 each on the Nigerian Exchange…
Day: July 31, 2024
African Airlines Record 11.8% Growth In Cargo
The International Air Transport Association (IATA) reported strong growth in global air cargo demand for June 2024. African airlines led…
Seplat Posts N244bn Half Year Pre-Tax Profit
Seplat Energy Plc announced a staggering 461% increase in pre-tax profit for the half-year ending June 30, 2024, reaching N244…
Tinubu approves N50,000 monthly stipend for Niger-Delta youths
President Bola Tinubu has approved a N50,000 monthly stipend for 10,000 youths in the Niger Delta to ease economic hardships.…
HSBC records $21.6 billion pre-tax profit in first half 2024
HSBC announced pre-tax profits of $21.6 billion for the first half of 2024, slightly down from last year’s record. Despite…
UK’s gain, Nigeria’s pain as nurses migration hits 9-years high
Nigerian-trained nurses are increasingly passing their professional exams in Nigeria but submitting their results abroad, particularly in the UK. A…
Youths’ anger shows up in SIM-NIN validation
On Monday, Nigerians protested aggressively against telecom companies that blocked lines not linked to the National Identification Number (NIN). The…
Airlines fly lucrative routes as plane shortage lingers
Nigerian airlines are adjusting their flight schedules to prioritize busy airports due to a shortage of aircraft. This shortage, driven…
MTN declares N519bn loss in H1 on inflation, weak naira
MTN Nigeria Communications Plc has reported a significant loss after tax of N519.1 billion for the first half of 2024,…
Bitcoin dips as Mt. Gox moves $8.6 billion ahead of looming payouts to creditors
Mt. Gox, the defunct cryptocurrency exchange, recently executed a significant transaction involving over $2 billion worth of Bitcoin. The transfer…
Lagos State Partners with PMI to Boost Project Management Efficiency
The Lagos State Government has formalized a partnership with the U.S.-based Project Management Institute (PMI) to enhance project management practices…
9mobile customers groan as network is down for over 3 days
Customers of 9mobile are experiencing significant frustration due to a prolonged network outage that has affected their ability to make…
Naira falls to 1,621/$ at official market
The naira fell to a four-month low on Tuesday, trading at N1621.12/$ at the official window, down from N1611.40/$ on…
FBN Holdings reports half year pre-tax profit of N411.9 billion
FBN Holdings reported a record pre-tax profit of N177.79 billion for the second quarter of 2024, an 18.9% increase from…
Customers besiege banks to reactivate dormant accounts
Bank customers have been visiting their banks to reactivate dormant accounts in response to new Central Bank of Nigeria (CBN)…