Coronation Insurance posts 192% profit growth in 2023
Coronation Insurance Plc has reported an impressive year-on-year profit growth of 192% for the fiscal year 2023. According to the…
Month: July 2024
Nigeria’s telecom sector attracts $191.5 million FDIs in Q1 2024 – NBS
Nigeria’s telecommunications sector attracted $191.5 million in Foreign Direct Investments (FDIs) in Q1 2024. According to the National Bureau of…
Dangote refinery begins gasoil exports to West African countries, as imports from Europe decline
Nigeria’s new Dangote oil refinery is increasing gasoil exports to West Africa, capturing market share from European refiners. The $20…
World Bank Restructures Nigeria Digital ID Project to Ensure $430 Million Funding
The World Bank is restructuring Nigeria’s Digital Identification for Development (ID4D) project to secure the full $430 million pledged by…
Toyota to launch three electric vehicles in Nigeria
Toyota Nigeria Limited (TNL) announced plans to introduce three electric vehicles in Nigeria over the next three years. This aligns…
New Minimum wage may push states into bankruptcy — NGF report
The implementation of a new minimum wage in Nigeria is facing roadblocks. While President Tinubu has promised to send a…
NESG Backs CBN’s Stoppage Of Price Verification System On FX
The Nigerian Economic Summit Group (NESG) is praising the Central Bank of Nigeria’s (CBN) decision to eliminate the Price Verification…
MRS Nigeria Delisted from the Nigerian Stock Exchange, Eyes OTC Market
MRS Nigeria Limited, an oil marketing firm, has received shareholder approval to voluntarily delist its shares from the Nigerian Exchange…
MTN To Construct West Africa’s Largest Data Centre
MTN Nigeria is building the largest data center in West Africa, a signficant development for the country’s digital landscape. This…
Nigeria Removes 5 Oil Blocks from Licensing Round Due to Legal Issues
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has removed five (5) oil blocks from the ongoing 2024 Licensing Round because…