Trade Naira closes at 1,596.60/$ as dollar liquidity declines Aug 27, 2024 0 The naira closed at N1,596.60 per dollar on Monday, marking a 1.66% depreciation from Friday’s rate of N1,570.14!-->…
Investing Divestment of NAOC to Oando in line with PIA, says NUPRC Aug 27, 2024 0 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that the recent approvals for Nigerian!-->…
Business Africa Prudential grows profit by 87% to N1.1b in first half Aug 27, 2024 0 Africa Prudential Plc has reported an impressive 87% increase in profit for the first half of 2024, reaching N1.13!-->…
Business Richway Microfinance Bank Receives DBN’s Award for Highest Impact on… Aug 27, 2024 0 Richway Microfinance Bank has been honored with the 2023 Award for Microfinance Bank with the Highest Impact on!-->…
Banking CBN lifts suspension on Standing Lending facility Aug 27, 2024 0 The Central Bank of Nigeria (CBN) has lifted the suspension on the Standing Lending Facility (SLF), allowing banks!-->…
Business FG spending exceeds revenue by 225% — BudgIT Aug 27, 2024 0 A report by BudgIT has revealed that the Nigerian government spent N19.50 trillion in 2023, three times its!-->…
Business 198 Extractive Companies and Agencies Submit Data for NEITI’s 2022/2023… Aug 27, 2024 0 The Nigerian Extractive Industries Transparency Initiative (NEITI) has received data submissions from 198!-->…
Business Oando acquisition of Agip followed due process – NUPRC Aug 27, 2024 0 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has confirmed that Oando Plc's acquisition of!-->…
Business FG may convert Arik, Aero Contractors to national carriers Aug 27, 2024 0 The Asset Management Corporation of Nigeria (AMCON) is considering merging Arik Air and Aero Contractors into a!-->…
Business Morning Bid: Rate-cut hopes meet Mid-East risks Aug 26, 2024 0 Jerome Powell, U.S. Federal Reserve Chair, hinted at a potential interest rate cut in September during his speech!-->…
Business Fed’s shift to job market risks is done; now policy has to catch up Aug 26, 2024 0 The Federal Reserve is navigating a delicate situation as today's interest rate of 5.25%-5.50% is seen as!-->…
Business Darkening global outlook, central bank pivots signal more turbulence Aug 26, 2024 0 At the annual Jackson Hole conference, global policymakers highlighted the shifting focus of central banks from!-->…
Business Nvidia Q2 sales likely to double, even a slight miss may hurt shares Aug 26, 2024 0 Nvidia is set to report its second-quarter earnings on Wednesday, with expectations that revenue will more than!-->…
Business Customs ushers in new leadership with latest appointments Aug 26, 2024 0 As the Nigeria Customs Service (NCS) bids farewell to several key management members due to statutory retirement,!-->…
Business Tinubu to inaugurate N178bn Onne terminal next week Aug 26, 2024 0 President Bola Tinubu will officially open the newly upgraded West Africa Container Terminal (WACT) in Onne,!-->…
Business FX turnover hit $7.4bn in July – Report Aug 26, 2024 0 In July, Nigeria's foreign exchange turnover reached N11.48 trillion ($7.39 billion) at the official trading!-->…
Banking CBN, SEC okay Ecobank custody business Aug 26, 2024 0 Ecobank Nigeria Limited has received approvals from the Securities and Exchange Commission (SEC) and the Central!-->…
Business Naira shows strength, dollar hits two-year low against British Pound Aug 26, 2024 0 The Nigerian Naira strengthened against the US dollar during Friday's trading session, appreciating to N1570.14/$!-->…
Business We support NDC’s fixed rate proposal on imports – Abossey Okai Spare Parts Dealers Aug 26, 2024 0 Ireland has donated €200,000 to the World Trade Organization's (WTO) Standards and Trade Development Facility!-->…
Business Nigeria’s domestic dollar bond steals Eurobond shine Aug 26, 2024 0 Jamiu Agah, a Lagos-based IT consultant, is one of many Nigerians excited about the Federal Government’s new!-->…
Business FG’s million-dollar oil surveillance contract duplication raises questions Aug 26, 2024 0 The Federal Government is embroiled in controversy over allegations of awarding duplicated oil contracts worth!-->…
Business No Nigerian airline’ll survive current economic crisis –Fairfax Africa Fund… Aug 26, 2024 0 Fairfax Africa Fund, backers of the failed Nigeria Air project, has forecasted the collapse of all but one!-->…
Business Cost of living crisis eases as prices of garri, potato, tomato drop Aug 25, 2024 0 Food prices in Nigeria have started to decrease for the first time in 18 months, offering relief to households!-->…
Business Canada moves to end rail shutdown quickly; CN workers to return to work Aug 23, 2024 0 Workers at Canadian National Railway (CNR) will return to work on Friday after the Canadian government intervened!-->…
Business Grocery stores boost political donations even as Democrats take aim Aug 23, 2024 0 Political donations from major food companies to Democratic lawmakers have risen in the current congressional!-->…
Local China’s robot makers chase Tesla to deliver humanoid workers Aug 23, 2024 0 China is aggressively advancing in the humanoid robot industry, aiming to rival Tesla in building battery-powered!-->…
Business Infinity Trust Mortgage Bank plans N50bn capital raise Aug 23, 2024 0 Infinity Trust Mortgage Bank Plc has unveiled plans to raise N50 billion through private placement to bolster its!-->…
Local NGX Regco backs FRC on new reporting standards Aug 23, 2024 0 Olufemi Shobanjo, CEO of NGX Regulation Limited, praised the Financial Reporting Council of Nigeria (FRCN) for its!-->…
Trade Equity market extends loss by N65bn Aug 23, 2024 0 The Nigerian equity market continued its downward trend on Thursday, with a loss of N65 billion as the All Share!-->…
Business FG installs power plants in six federal universities Aug 23, 2024 0 The Federal Government, through the Rural Electrification Agency (REA), has successfully installed power plants in!-->…