FBN Holdings Launches N150 Billion Rights Issue to Strengthen Lending and Digital Expansion
FBN Holdings is set to raise N150 billion from its shareholders through a rights issue, offering nearly six billion shares…
Day: November 4, 2024
Foreign Inflows Surge in Nigeria’s Forex Market Amid Currency Challenges
In a significant turnaround, the Nigerian Autonomous Foreign Exchange Market (NAFEM) has reported total inflows reaching a five-month high of…
Nigerian Shippers’ Council Saves N40 Billion and Aims for $10 Billion Investment
The Nigerian Shippers’ Council (NSC) announced significant economic savings of over N40 billion in the past year, primarily through the…
United Nigeria Airline Partners with Cronos Aviation to Establish MRO Facility and Expand Fleet
United Nigeria Airlines (UNA) has signed a Memorandum of Understanding (MoU) with Cronos Aviation, an international charter airline, to establish…
Nigeria’s Foreign Exchange Market Faces Ongoing Challenges Despite Recent Measures
Despite efforts by the Central Bank of Nigeria (CBN) to stabilize the foreign exchange (FX) market, Fitch Ratings reports that…
Beiersdorf Clarifies Discontinuation of NIVEA Deodorant Amid NAFDAC Safety Alert
Beiersdorf, the German multinational known for its NIVEA Black & White Invisible Roll-on deodorant, has responded to a safety alert…
Access Holdings grows revenue by 114.5% to N3.4tr in Q3
Access Holdings Plc, the parent company of Access Bank Nigeria, reported a remarkable 114.5% year-on-year increase in gross revenue to…
FCT Residents Demand Reduction in High Electricity Tariffs Amid Economic Hardship
Many residents in Nigeria’s Federal Capital Territory (FCT) have urged the Federal Government to lower the electricity tariffs for Band…
Nigerian Manufacturers Urge Government Intervention Amid Economic Challenges
The Chemical and Non-Metallic Products Employers Federation (CANMPEF) has urged the Nigerian government to declare a state of emergency in…
Africa Oil secures 20-year renewal for Nigeria’s Agbami oil field
Africa Oil Corp., a Canadian oil and gas firm, has obtained a 20-year renewal for its Petroleum Mining Lease 52…
Nigerians paid N40bn as road taxes to states in 2023
Nigerians contributed N40.14 billion in road taxes to state governments in 2023, reflecting a 63.36% increase from the N24.57 billion…
Nigerian Per Capita Income Drops 72.8% to 20-Year Low Amid Policy Missteps
Nigeria’s per capita income has plummeted by 72.8% since 2014, hitting its lowest point since 2004. This stark drop, attributed…
Government allocates N18bn compensation for Lagos-Calabar highway
The Nigerian Minister of Works, David Umahi, announced that N18 billion has been allocated to compensate property owners affected by…