Assist us to create more jobs, FG appeals to Korea
The Federal Government, through the Minister of Labour and Employment, Chris Ngige, has appealed to the Republic of Korea to help Nigeria in creating more jobs due to the pressure…
NLC, IGP disagree over police exemption from N13.42tn pension scheme
Pension operators and the Nigeria Labour Congress, on Tuesday, opposed the Nigeria Police Force’s request for exemption from the Contributory Pension Scheme. The NPF made a presentation at the National…
FG to spend N3.53tn on infrastructure, human capital
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Federal Government plans to spend a total of N1.42tn on infrastructure projects and N2.11tn on human capital…
Stakeholders seek improved technology in real estate sector
Stakeholders in the real estate sector have called on FG to improve technology deployment in order to effectively solve challenges in the sector. The call was made during an interactive…
Fidelity Bank Restates Support For CBN FX Repatriation Push, Sensitizes Customers In Emerging Opportunities In Non-Oil Exports
Fidelity Bank Plc a leading Nigerian bank has reaffirmed its commitment to actively support the CBN efforts to achieve its goal of $200 billion in Foreign Exchange (FX) repatriation from…
Nigeria’ll focus on natural gas exploitation, Buhari tells global community
President Buhari on Tuesday told global gas exporting countries that the FG would invest more in natural gas exploitation in Nigeria. Buhari disclosed this at the sixth Gas Exporting Countries…
Ted Baker Fourth-Quarter Sales Jump 35%
Upmarket fashion retailer Ted Baker reported higher fourth-quarter sales on Wednesday as demand for office and party wear remained strong even in the face of Britain’s pandemic-related curbs during the…
Trump’s Truth Social Downloaded 170k Times On Apple App Store
Donald Trump’s Truth Social app was downloaded 170,000 times on Apple Inc’s App Store since its launch last Sunday evening, according to research firm Apptopia. The app created by the…
Tesla Get Another Lawsuit From Ex Worker Over Racism
A former Tesla construction manager has filed a lawsuit against the electric car company alleging he was fired for reporting widespread safety violations and race discrimination at Tesla’s factories. In…
Market Records Slight Market Movement As Capitalization Increases By N7 Billion
The NGX closed on a flat note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 3 basis point. The NGX ASI closed at 47,246.90 points, to…
Gold Eases After Hitting $1,900 An Ounce
The yellow metal has eased its bullish momentum after hitting $1,900 an ounce. A price point not traded since June 2021, an eight-month high. This is as news of President…
Markets Currency Markets Try To Regain Footing
Currency markets paused for breath on Wednesday after a choppy few sessions as whipsawed markets looked to get a handle on the latest developments in eastern Europe amid a deepening…
Oil Pulls Back On Fading Supply Worries Over Ukraine Crisis
Oil prices took a breather on Wednesday after surging to seven-year highs the previous session as it became clear the first wave of U.S. and European sanctions on Russia for…
Hybrid Work Trend Drives PC Maker Lenovo’s Q3 Profit To Record 62% Growth
Third-quarter profit jumped 62% to an all-time high of $640 million at China’s Lenovo Group (0992.HK), the world’s biggest maker of personal computers said on Wednesday, as the growing popularity…
Trademark War: Court Rejects Coca-Cola’s Request
The Federal High Court sitting in Kano has refused to grant an interlocutory injunction sought by the Coca-Cola company seeking to stop Pop Cola from continuing its business pending the…
UK Boosts Access To Finance For Women-Owned Businesses And Clean Energy Projects In Nigeria
A new £74 million (41.6 billion Naira) financial package from the UK will support women entrepreneurs across Nigeria, who are facing disproportionate barriers to business. The UK Minister for Africa…
Oil Prices Near $100 A Barrel Amid Russia-Ukraine Crisis
Global oil prices trade near $100 per barrel on supply disruption worries as tensions between Russia and Ukraine escalated. The latest price is above the oil benchmark of $62/barrel in…
Clearing agents ground port operations, begin indefinite strike over CBN e-valuation
Ports operations at both Tin-Can Island and the Ports & Terminal Multipurpose Limited may have been grounded on Monday, following the commencement of the withdrawal of services by agents and…
Axie Infinity Surpasses $4 Billion In All-Time NFT Sales
Popular Play-to-Earn (P2E) blockchain game, Axie Infinity, created by the Vietnamese software studio, Sky Mavis, has a total of $4.14 billion in all-time non-fungible token (NFT) sales. Currently, the play-to-earn…
No more multiple taxation in Rivers, says commissioner
The Rivers State Commissioner for Information and Communications, Pastor Paulinus Nsirim, has said the administration of Governor Nyesom Wike has put an end to multiple taxations in the state. Nsirim…
UK to fund £10m energy projects in Nigeria
The United Kingdom announced on Monday its plan to inject £10m worth of aid to invest in energy access projects and support Nigeria’s COP26 commitments. The UK said in a…
Investors gain N50.35bn as 31 stocks rise
Investors gained N50.35bn on Monday at the end of trading on the floor of the Nigerian Exchange Limited. The market capitalisation of the equities listed on the NGX rose to…
Nigerian Breweries’ annual revenue grows by 29.7%
Nigerian Breweries Plc has said its revenue for the 2021 financial year rose by 29.7 per cent to N437.19bn from N337.01bn in 2020. A statement by the Company Secretary/Legal Director,…
Two telcos raked in N2.02tn from airtime, data in 2021
MTN and Airtel Nigeria both raked in N2.02tn from airtime and data revenues in 2021, according to the financial statements of the two companies. The amount indicates a 20.01% increase…
FG wants EU ban on Nigerian beans exports lifted
The Nigerian FG is making efforts to ensure that the ban on beans exports from Nigeria by the EU is lifted. FG said the ban lift will stimulate Nigeria export…
SCAM ALERT! Dangote Discards Fake Cement Promo Adverts
Attention has been drawn to some fake reports tagged ‘2022 DANGOTE CEMENT PROMO START’ The fake reports were purportedly published on the front pages of some national dailies such as…
Stakeholders to brainstorm on Africa’s competitive advantage
Regional Scrum Gathering Nigeria has said stakeholders in the financial sector will brainstorm on how to boost competitive advantage for Nigeria and Africa. Former Chairman of First Bank, Ibukun Awosika,…
Stock market capitalisation falls to N25.41tn
The market capitalisation of equities listed on the Nigerian Exchange Limited fell by 0.12 per cent to close at N25.41tn last week. The NGX All-Share Index also declined by 0.13…
Nigeria President: Executive Could Do Due Diligence On Electoral Bill Till March 1st
The office of the Presidency has responded to rumours surrounding the electoral bill, stating that there are no delays in its passage from the Presidency. This was disclosed in a…
Bitcoin Loses $2K As Putin Orders Troops Into Ukraine
With risk appetite dwindling because of escalating tensions between Russia and Ukraine, bitcoin lost more than $2K as it plunged to a more than two-week low. After Russian President, Vladimir…