Africa IMF: South Africa needs decisive efforts to cut spending Apr 17, 2024 0 A senior official from the International Monetary Fund (IMF) has highlighted the urgent need for South Africa to!-->…
Technology Social media platform X blocked in Pakistan- Minister Apr 17, 2024 0 Pakistan's interior ministry recently revealed that it blocked access to a social media platform, referred to as!-->…
Business Tesla again seeks shareholder approval for Musk’s 2018 pay voided by judge Apr 17, 2024 0 Tesla (TSLA.O) has requested its shareholders to once again approve CEO Elon Musk's record-breaking $56 billion!-->…
Business Global financial firms lag in monitoring personal messaging apps, survey Shows Apr 17, 2024 0 A survey released on Wednesday revealed that global financial companies are falling behind in monitoring and!-->…
Business United Airlines jumps after results beat ‘dramatically low’… Apr 17, 2024 0 United Airlines (UAL.O) saw a premarket surge of about 5.3% on Wednesday following an optimistic profit forecast!-->…
Business Air Peace now connects passenger from Abuja, Asaba, Enugu others to London Apr 17, 2024 0 Air Peace has expanded its Lagos-London route to include passengers from Abuja, Asaba, Benin, Enugu, Owerri,!-->…
Business CAP records 2.5bn profit- Report Apr 17, 2024 0 Chemical and Allied Products (CAP) Plc, a Nigerian paint and coating company, has announced its highest profit in!-->…
Banking Banks witness 260.9% increase in impaired loans Apr 17, 2024 0 According to data analyzed by BusinessDay, seven listed Nigerian banks, including Zenith Bank Plc, United Bank for!-->…
Business Bread prices rise as currency woes and war squeeze bakeries Apr 17, 2024 0 The Premium Beadmakers Association of Nigeria (PBAN) has identified the volatile exchange rate and Nigeria's!-->…
Currency We now buy dollars at N980, sell at N1020 – BDCs president Apr 17, 2024 0 Aminu Gwadabe, the president of the Association of Bureaux De Change Operators of Nigeria, revealed that BDC!-->…
Business IMF raises Nigeria’s economic growth forecast to 3.3% for 2024 Apr 17, 2024 0 The International Monetary Fund (IMF) has revised Nigeria's economic growth forecast for 2024 upward from three!-->…
Business FG may revoke unused oil well licences amid $30bn loss Apr 17, 2024 0 Concerned about the country's declining oil revenue, the Federal Government has announced intentions to take over!-->…
Business Minister suspends mining activities at OAU and environs Apr 17, 2024 0 Dr. Dele Alake, the Minister of Solid Minerals Development, has ordered an indefinite suspension of mining!-->…
Business NCCA suspends private jets’ commercial operations Apr 17, 2024 0 The Nigerian Civil Aviation Authority (NCAA) has suspended the permits for non-commercial flight licenses of three!-->…
Energy FG Clarifies Recent Electricity Tariff Hike Apr 16, 2024 0 The Nigerian government has explained that the recent increase in electricity tariffs mainly affects a small,!-->…
Business $461m investment gap slows Nigeria’s internet coverage Apr 16, 2024 0 As of January, Nigeria's broadband penetration dropped to 42.53%, with 92.19 million subscriptions in a country of!-->…
Banking UBA expresses confidence in meeting new N500bn capital base Apr 16, 2024 0 United Bank for Africa Plc (UBA) has affirmed its confidence in meeting the new capital base set by the Central!-->…
Local Royal Exchange Rights Issue Falls Short at 75.83% Subscription Apr 16, 2024 0 Royal Exchange Plc, a company offering life assurance, health insurance, and credit financing services, saw its!-->…
Local Manufacturers may head for court over unsettled forex backlog – MAN DG Apr 16, 2024 0 In this interview, the Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, discusses!-->…
Local Transcorp Power Targets 740MW Electricity From Ughelli Power Plant Apr 16, 2024 0 Transcorp Power has revealed its ambition to boost electricity generation at its Ughelli power plant, targeting a!-->…
Local Local Refinery To Buy Crude In Naira — FG Apr 16, 2024 0 iThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced a new template to facilitate!-->…
Local SEC, Capital Market Community Hold Q1 Meeting Apr 16, 2024 0 The Securities and Exchange Commission (SEC) has revealed plans for the Capital Market Committee (CMC) meeting,!-->…
Banking UBA outlines growth strategies for 2024 Apr 16, 2024 0 United Bank for Africa (UBA) Plc has unveiled its strategies to bolster growth prospects for the 2024 financial!-->…
Local Food inflation hits 40% in Nigeria as prices continue to soar Apr 16, 2024 0 The National Bureau of Statistics (NBS) has reported a staggering increase in food inflation to 40% in March,!-->…
Business N720bn lost to lower crude production in two months- Report Apr 15, 2024 0 Nigeria experienced a significant loss of approximately N720 billion in revenue due to consecutive monthly!-->…
Energy FG begs electricity union to avoid strike Apr 15, 2024 0 The Federal Government has urged members of the National Union of Electricity Employees (NUEE) not to go on strike!-->…
Banking Nigeria’s Tier-1 banks plan $3.03 billion in fresh capital Apr 15, 2024 0 Four of Nigeria's tier-1 banks, including FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc, and!-->…
World Attacks on Russian refineries may disrupt global oil markets Apr 15, 2024 0 The International Energy Agency (IEA) has voiced support for the United States' stance, indicating that Ukrainian!-->…
Business Zenith bank takes steps to meet CBN’s N500bn capital requirement Apr 12, 2024 0 Zenith Bank Plc has announced its proactive measures to comply with the Central Bank of Nigeria's (CBN) new!-->…
Local Air Peace faces tough competition on London Route as currency rebounds Apr 12, 2024 0 Air Peace recently launched flights on the Nigeria-London route, sparking intense competition with established!-->…