FG’s million-dollar oil surveillance contract duplication raises questions
The Federal Government is embroiled in controversy over allegations of awarding duplicated oil contracts worth…
Month: August 2024
No Nigerian airline’ll survive current economic crisis –Fairfax Africa Fund predicts
Fairfax Africa Fund, backers of the failed Nigeria Air project, has forecasted the collapse of…
Cost of living crisis eases as prices of garri, potato, tomato drop
Food prices in Nigeria have started to decrease for the first time in 18 months,…
Canada moves to end rail shutdown quickly; CN workers to return to work
Workers at Canadian National Railway (CNR) will return to work on Friday after the Canadian…
Grocery stores boost political donations even as Democrats take aim
Political donations from major food companies to Democratic lawmakers have risen in the current congressional…
China’s robot makers chase Tesla to deliver humanoid workers
China is aggressively advancing in the humanoid robot industry, aiming to rival Tesla in building…
Infinity Trust Mortgage Bank plans N50bn capital raise
Infinity Trust Mortgage Bank Plc has unveiled plans to raise N50 billion through private placement…
NGX Regco backs FRC on new reporting standards
Olufemi Shobanjo, CEO of NGX Regulation Limited, praised the Financial Reporting Council of Nigeria (FRCN)…
Equity market extends loss by N65bn
The Nigerian equity market continued its downward trend on Thursday, with a loss of N65…
FG installs power plants in six federal universities
The Federal Government, through the Rural Electrification Agency (REA), has successfully installed power plants in…
FG deficit rose to N824bn in April – CBN
Nigeria’s fiscal deficit increased marginally by 0.1% to N824.79 billion in April 2024, up from…
Crypto trader turns $1000 into $400,000 trading Tron’s memecoin Sunwukong
The crypto community is abuzz after an anonymous trader, identified as TDm2, transformed a $1,000…
TikTok announces industry-first sub-Saharan Africa Safety Advisory Council
TikTok is strengthening its safety initiatives in Sub-Saharan Africa by launching its first Safety Advisory…
FAAN, NAQS forge partnership to boost air agro export
The Federal Airports Authority of Nigeria (FAAN) has teamed up with the Nigerian Agricultural Quarantine…
… Says President, Wale Tinubu not involved in OVH acquisition
NNPC Ltd has refuted allegations that President Bola Tinubu or his relative, Wale Tinubu, were…
Oando finalises $783m acquisition of NAOC
Oando PLC has completed its $783 million acquisition of Nigerian Agip Oil Company (NAOC), Eni’s…
Kolomoni MFB appoints MD
Kolomoni Microfinance Bank has announced the appointment of Yusuf Adeojo as its new Managing Director.…
Shares gain, dollar subdued as Fed readies rate cuts
European stocks saw a slight rise on Thursday, with the STOXX 600 index gaining 0.3%,…
Euro zone business activity gets boost from Olympics, PMI shows
Euro zone business activity showed unexpected strength in August, with the composite PMI rising to…
Germany plans majority stake in cruise ship builder, sources say
The German government, along with the state of Lower Saxony, plans to take a temporary…
NBA Urges Full Support for Dangote Refinery to End Fuel Scarcity in Nigeria
The Nigerian Bar Association (NBA) has called for the full implementation of President Bola Ahmed…
U.S. to Partner with Nigeria on Chemical Weapons Convention for ECOWAS
The U.S. government has announced plans to collaborate closely with Nigeria to lead discussions on…
FRC to tackle audit failures with new initiative
The Financial Reporting Council of Nigeria (FRC) has reinforced its commitment to enhancing audit oversight…
NCC orders telcos to block SIM cards 5 minutes after they are reported stolen
The Nigerian Communications Commission (NCC) has issued a directive requiring all telecommunications companies to block…
Crude sales in naira’ll exacerbate FX crisis, oil producers warn
The Independent Petroleum Producers Group (IPPG) has cautioned the Nigerian government about the potential economic…
Elon Musk Set To Build Starlink Ground Stations Across Nigeria
Elon Musk’s internet company, Starlink, is making significant progress in Nigeria by establishing ground stations…
SUNU Assurances pays out N2.08bn in Claims
SUNU Assurances Nigeria Plc has paid out N2.08 billion in claims to its customers during…
Oil blocks: FG threatens to revoke licenses of firms lacking exploration capacity
The Federal Government of Nigeria has issued a stern warning to companies and individuals holding…
United Capital’s Share Price Soars 31% in August, Becoming Third Best-Performing Stock of 2024
United Capital’s share price rose by 31% in August 2024, reaching N17, making it the…
Naira sends mixed signals as Dollar shows some strength
On Thursday, the naira showed mixed performance against the dollar in Nigerian FX markets. It…