GTB confirms hackers attempt to compromise website
Guaranty Trust Bank Plc (GTBank) has confirmed an isolated incident involving an attempt to compromise its website domain, which occurred…
Year: 2024
Equity market extends loss to fourth consecutive day
The Nigerian equity market continued its downward trend on Thursday, marking the fourth consecutive session of losses. Investors saw a…
Multi-billion naira Jauri Inland Dry Port to come on mainstream soon – Zulum
Governor Babagana Zulum of Borno State has reaffirmed the government’s dedication to advancing the Jauri Inland Dry Port in Maiduguri.…
Dangote Refinery Denies Setting Petrol Price at N600 per Litre
The Dangote Refinery has dismissed claims that it has set the price of Premium Motor Spirit (PMS), commonly known as…
Chinese firm to invest $50m in tin, others in Nasarawa
Nizhong Mining Company, a Chinese firm, has announced plans to invest $50 million in the exploration and processing of tin,…
Senate to get bill for CBN’s N30trn Ways & Means liquidation
A bill aimed at liquidating the Central Bank of Nigeria’s (CBN) outstanding N30 trillion Ways and Means advances will soon…
FG Approves Implementation of Zero Duty, VAT Exemption on Selected Food Items
The Nigerian federal government has approved a regulation implementing a Zero percent Duty Rate and Value Added Tax (VAT) exemption…
MTN-MUSON Scholarship Program Opens for Music Talents
The MTN Foundation, in collaboration with the Musical Society of Nigeria (MUSON), has announced the opening of applications for the…
63 illegal refineries seized in one week – NNPC
The Nigerian National Petroleum Company Limited (NNPC) has discovered and confiscated 63 illegal refineries in the past week across Bayelsa,…
United Capital supports first $1.4m corporate bond in S’Leone
United Capital Group has successfully led the issuance of Sierra Leone’s first local currency corporate bond, valued at SLE32 million…
European banks reluctant to fund fossil fuel – SPE chair
Salahudeen Tahir, Chairman of the Society for Petroleum Engineers in Nigeria, revealed at the 47th Nigeria Annual International Conference and…
Coronation Merchant Bank Appoints Abiagam Acting Managing Director/CEO
Coronation Merchant Bank, a leading investment bank in Nigeria, has appointed Paul Abiagam as its Acting Managing Director/CEO, effective immediately.…
70% Windfall Tax Burdensome, Ill-Timed – Bank Directors
The Bank Directors Association of Nigeria has expressed strong concerns about the recent imposition of a 70% windfall tax on…
High inflation: 67% of MSMEs seen declining demands — PwC
A new PwC Nigeria report reveals that 67% of Micro, Small, and Medium Enterprises (MSMEs) have seen a drop in…
Nigeria’s economy growing, recorded $55 billion non-oil export in 2023 – Wale Edun
Finance Minister Wale Edun has assured Nigerians of economic progress under President Bola Tinubu, revealing that the country achieved $55…
Goldman Sachs’s filing reveals $418 million in spot Bitcoin ETF holdings
Goldman Sachs disclosed a $418.65 million stake in U.S. spot Bitcoin exchange-traded funds (ETFs) in its latest 13F filing with…
Julius Berger’s share price climbs by 34.02% in two weeks
Julius Berger closed trading on August 13, 2024, at N130.00 per share, continuing a notable upward trend. The stock saw…
AfDB Calls for Increased Private Sector Engagement in Climate Finance
At a recent conference in Kampala, Uganda, the African Development Bank emphasized the critical need for greater private sector involvement…
At N4.54tn, FGN Bonds, Sukuk Listings Out-pace Corporates on NGX
In the first seven months of 2024, Federal Government of Nigeria (FGN) Bonds and Sukuk listed on the Nigerian Exchange…
Nigeria’s International Payments Up 31%, Letters of Credit Outlay Down 63.3%
Nigeria’s overseas payments increased by about 31% from January to May 2024, reaching $3.31 billion. This rise is attributed to…
Olam Agri Commits N6.5bn to Sustainable Social Investment in Nigeria
Olam Agri has launched a significant expansion of its Corporate Responsibility and Sustainability (CR&S) strategy, committing M6.5 billion over the…
Credit to Private Sector Increased by 38% YoY in June
Credit to Nigeria’s private sector saw a significant increase of 38% year-on-year in June 2024, reaching N73.12 trillion, up from…
PTML Becomes Major Transshipment Hub to Europe, Receives First RoRo Ship from China
PTML Nigeria, the largest Ro/Ro multipurpose port terminal in West Africa, has achieved a significant milestone by establishing itself as…
Fear fades in US stocks, but history shows quick return to calm unlikely
Last week, U.S. stocks experienced significant volatility, but the market is now calming down. The Cboe Volatility Index (VIX), which…
Futures rise as PPI set to kick off data deluge
Futures for major U.S. stock indexes increased on Tuesday as investors awaited producer price data, which could provide insights into…
US small business sentiment near 2-1/2-year high
U.S. small-business confidence rose to its highest level in nearly 2.5 years in July, indicating that concerns about a recession…
US shale companies produce more crude using fewer rigs
U.S. shale producers are increasing oil output by enhancing drilling efficiency without additional spending, as they extend wells and use…
Naira rises to N1,580/$ in parallel market
The Naira gained value in the parallel market, reaching N1,580 per dollar, up from N1,585 per dollar last weekend. It…
Alleged 5.4bn shares: CBN, FBN Holdings ask court to dismiss Barbican Capital’s suit
The Central Bank of Nigeria (CBN) and FBN Holdings Plc are asking a Federal High Court in Lagos to dismiss…
DMO offers two new FGN bonds
The Debt Management Office (DMO) has launched two new Federal Government of Nigeria (FGN) savings bonds for subscription, priced at…