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Day: September 17, 2024

Stock Market Gains N607 Billion, Boosted by Access, MTN
LocalStock

Stock Market Gains N607 Billion, Boosted by Access, MTN

The Nigerian equity market recorded a significant gain of N607 billion in market capitalization last week, primarily driven by strong…

byayotilewaSeptember 17, 2024September 17, 2024
Inflation drops to 32% despite petrol price hike — NBS
BusinessLocal

Inflation drops to 32% despite petrol price hike — NBS

Nigeria’s inflation rate fell to 32.15% in August 2024, marking a 1.25% drop from July’s 33.40%. However, the rate remains…

byayotilewaSeptember 17, 2024September 17, 2024
Banks sack 49 employees over fraud in Q2
BankingLocal

Banks sack 49 employees over fraud in Q2

Nigerian banks terminated 49 staff members for involvement in fraudulent activities between April and June 2024, marking a 40% increase…

byayotilewaSeptember 17, 2024September 17, 2024
IPPIS not compromised –FG assures
BusinessLocal

IPPIS not compromised –FG assures

The Office of the Accountant General of the Federation (OAGF) has assured Nigerians that the personal data of employees on…

byayotilewaSeptember 17, 2024September 17, 2024
Esports firm partners bank on education
BusinessLocal

Esports firm partners bank on education

E-sports company EStars has partnered with Ecobank Nigeria to promote esports education and equip students with essential life skills. This…

byayotilewaSeptember 17, 2024September 17, 2024
NEITI: FG, States, LGs Shared N3.473tn  from FAAC in Q2 2024
BusinessLocal

NEITI: FG, States, LGs Shared N3.473tn  from FAAC in Q2 2024

The Federation Accounts Allocation Committee (FAAC) disbursed N3.473 trillion to Nigeria’s three tiers of government in the second quarter of…

byayotilewaSeptember 17, 2024September 17, 2024
CBN Appoints Full Board of Directors for Polaris Bank
BankingLocal

CBN Appoints Full Board of Directors for Polaris Bank

The Central Bank of Nigeria (CBN) has announced a full board of directors for Polaris Bank, signaling significant progress under…

byayotilewaSeptember 17, 2024September 17, 2024
Firm, UKAid, others plan yam exports
BusinessLocalTrade

Firm, UKAid, others plan yam exports

Evolvecrest Global Company Limited, in collaboration with UK Aid and South West Nigerian state governments, has launched a multi-million naira…

byayotilewaSeptember 17, 2024September 17, 2024
Nigeria’s 70% windfall bank tax: Rewarding effort, taxing Luck 
BusinessLocal

Nigeria’s 70% windfall bank tax: Rewarding effort, taxing Luck 

In 2023, Nigeria’s President Bola Tinubu introduced major economic reforms, including removing fuel subsidies and liberalizing the forex market. These…

byayotilewaSeptember 17, 2024September 17, 2024
FG set to exploit $7trillion global Halal market
BusinessLocalMarket

FG set to exploit $7trillion global Halal market

On Wednesday, the Federal Government will unveil a strategy aimed at positioning Nigeria as a global leader in the Halal…

byayotilewaSeptember 17, 2024September 17, 2024
Dangote refinery: Queues now a thing of the past, says Otedola
BusinessLocalMarket

Dangote refinery: Queues now a thing of the past, says Otedola

Billionaire businessman Femi Otedola has praised Nigerian President Bola Tinubu following the start of fuel loading at the Dangote Refinery…

byayotilewaSeptember 17, 2024September 17, 2024
[ICYMI] Nigeria, UK battle over Air Peace landing right in Heathrow
BusinessLocal

[ICYMI] Nigeria, UK battle over Air Peace landing right in Heathrow

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has formally protested to the UK aviation authorities over the refusal…

byayotilewaSeptember 17, 2024September 17, 2024
Trump launches another business full of potential risks and conflicts if he wins
BusinessWorld

Trump launches another business full of potential risks and conflicts if he wins

Former US President Donald Trump, alongside his sons and business partners, launched a cryptocurrency platform called World Liberty Financial in…

byayotilewaSeptember 17, 2024September 17, 2024
N950/litre Dangote petrol may justify more importation — Marketers
BusinessEnergyLocal

N950/litre Dangote petrol may justify more importation — Marketers

The Nigerian National Petroleum Company Limited (NNPC) has announced that petrol from the Dangote Refinery will sell for up to…

byayotilewaSeptember 17, 2024September 17, 2024

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