Business INFLATION: Cost of sales in companies rise 29% to N5.4trn Jun 7, 2024 0 A recent analysis of financial statements from 20 leading Nigerian companies reveals a significant increase in!-->…
Business Insurance sector charged on digital adoption to accelerate penetration Jun 7, 2024 0 Enterprise Life Nigeria, a leading insurance provider, is calling for the industry to embrace digital adoption.!-->…
Local Food security: FG providing N200 billion to support the cultivation of hectares of… Jun 7, 2024 0 The Secretary to the Government of the Federation (SGF), Sen. George Akume, announced that the federal government!-->…
Business Police declare ‘fugitive’ First Bank employee, Tijani Muiz, ‘wanted’ over alleged… Jun 7, 2024 0 The Nigerian Police Force has declared Tijani, an employee of First Bank of Nigeria Limited, wanted for multiple!-->…
Local Australian authorities project loss of 250,000 jobs dependent on foreign students Jun 7, 2024 0 Authorities in Australia have warned that new measures to limit international students could severely impact the!-->…
Business Freight services resume on Lagos-Kano narrow gauge railway Jun 7, 2024 0 Freight services have resumed on the rehabilitated Lagos-Kano narrow gauge railway line, announced by the Minister!-->…
Crypto Opinion: Free Crypto Up for Grabs: Top 5 Airdrops to Look Out For in June Jun 7, 2024 0 This article explores five of the most promising airdrop campaigns happening in June. Airdrops are a way for!-->…
Business Chinese Construction Company Creates 10,000 Jobs in Abuja Rail Project Jun 7, 2024 0 The China Civil Engineering Construction Company (CCECC) has revealed that it generated 10,000 jobs during the!-->…
Business Nigerian Refineries Look to US Oil to Fill Domestic Supply Gap Jun 7, 2024 0 Nigerian modular refineries, facing an unreliable domestic crude oil supply, are exploring imports from the United!-->…
Business Nigeria’s current trade balance rises to $1.43bn amid economic challenges Jun 7, 2024 0 Data from the International Monetary Fund's World Economic Outlook reveals an increase in the country's current!-->…
Business Minimum wage negotiations inconclusive, says Ajaero as presidency debunks N105,000… Jun 7, 2024 0 With just days left before the expiration of the ultimatum given by organized labor, negotiations on the minimum!-->…
Business Airtel Africa to pay N276 billion total dividend for 2023, chooses N1,485.99 as… Jun 6, 2024 0 Airtel Africa is set to pay a total dividend of N276 billion ($224 million) for the fiscal year ending March 31,!-->…
Business Mansard’s 704% profit surge masks core operational concerns Jun 6, 2024 0 Despite a staggering 704% increase in pre-tax profits, a closer look reveals a need for improvement in core!-->…
Business Relief for households as cooking gas price falls to N900/kg Jun 6, 2024 0 Households in Nigeria are celebrating a significant decrease in the price of Liquefied Petroleum Gas (LPG), also!-->…
Business Heritage Bank Depositors to Get Money Back Within a Week Jun 6, 2024 0 The Nigerian Deposit Insurance Corporation (NDIC) has begun the process of reimbursing depositors of Heritage!-->…
Commodities FG Considers Duty Suspension and VAT Cuts to Fight Inflation Jun 6, 2024 0 In an effort to combat inflation, the Nigerian government is proposing a six-month suspension of import duties on!-->…
Business Atiku Tackles Tinubu As FG Projects N5.4trn For Fuel Subsidy In 2024 Jun 6, 2024 0 Former Vice President Atiku Abubakar has accused President Bola Ahmed Tinubu of misleading Nigerians about the!-->…
Trade FCMB Secures $15m Trade Finance Facility with ITFC Jun 6, 2024 0 First City Monument Bank (FCMB) has entered into a $15 million Master Murabaha Agreement with the International!-->…
Business Fidelity Bank goes for N127.1bn capital raise Jun 6, 2024 0 In response to the Central Bank of Nigeria's revised minimum capital requirements for commercial banks introduced!-->…
Business FG Plans N6.6 Trillion Supplementary Budget under ASAP Jun 6, 2024 0 The Federal Government is preparing to seek approval from the National Assembly for a N6.6 trillion supplementary!-->…
Business Nigeria’s current account balance exceeds $1.432bn, says IMF Jun 6, 2024 0 Nigeria's current account balance has achieved a surplus of $1.432 billion in 2024, an improvement from the $1.21!-->…
Commodities Oil price drops below budget benchmark, as output stagnates Jun 6, 2024 0 Nigeria's 2024 national budget is under significant funding pressure due to a sustained decline in oil prices and!-->…
Banking Fidelity Bank Plc undertakes a N29.6bn Rights Issue and N97.5bn public offer Jun 6, 2024 0 Fidelity Bank Plc is set to raise up to N127.1 billion via a Rights Issue and Public Offer, as part of its!-->…
Business Investors shun 182-day T-Bills, flock to 364-day bills with N677 billion… Jun 6, 2024 0 The latest Nigerian Treasury Bill auction on June 5th, 2024 revealed a strong preference for longer-term!-->…
Banking FCMB Shareholders Raise Issued Capital To N150bn Jun 5, 2024 0 FCMB Group Plc shareholders have approved a significant increase in the company's capital base. This move will!-->…
Business CNG initiative to cut petrol import spendings by $4.4bn annually–FG Jun 5, 2024 0 Nigeria's government is launching a Compressed Natural Gas (CNG) initiative to reduce reliance on expensive petrol!-->…
Business Foreign airlines mull comeback as FG clears trapped funds Jun 5, 2024 0 Foreign airlines are flocking back to Nigeria after the government cleared nearly all of their previously trapped!-->…
Business Minimum wage: Our 494k demand is not fixated – TUC president Jun 5, 2024 0 Nigeria's five-day-old labor strike protesting low wages has been called off to allow for continued negotiations!-->…
Local Naira remains calm across FX markets dollar sales rise by 94.46% Jun 5, 2024 0 Nigeria's naira remained relatively stable on Tuesday across both official and unofficial foreign exchange!-->…
Business Fitch Ratings sees naira settling at 1450/$ by December Jun 5, 2024 0 Fitch Ratings, an international credit agency, forecasts the Nigerian naira to end 2024 at 1450 per dollar. They!-->…