Currency Naira Holds Steady Against Dollar Despite CBN Rate Hike May 23, 2024 0 The Nigerian Naira remained stable against the dollar at the official foreign exchange market on Wednesday, even!-->…
Business Diesel price rises 68% to N1,415.06/ltr May 23, 2024 0 The cost of diesel fuel in Nigeria has jumped dramatically, with a year-on-year increase of 68% to N1,415.06 per!-->…
Business Microsoft’s AI Deal with UAE Raises Security Concerns, Lawmakers Seek More… May 23, 2024 0 Microsoft's deal with G42, a UAE-backed AI company, is raising eyebrows over potential national security risks.!-->…
Business Stocks catch a ride higher with Nvidia; investors cautious over rates May 23, 2024 0 Global stock markets saw a modest rise on Thursday, fueled by a strong performance from tech giant Nvidia.!-->…
Business Japan’s Factory Activity Shows Signs of Life After Months of Slump May 23, 2024 0 Positive news for Japan's economy as factory activity finally expanded for the first time in a year. The au Jibun!-->…
Business Quadrant MSL COO Retires May 22, 2024 0 Quadrant MSL, a strategic communications firm, is saying goodbye to their COO and Head of Business, Oluwarantimi!-->…
Business ACMPN to Induct new members at the 2024 Mental Health Awareness Week May 22, 2024 0 The Association for Counsellors Matchmaking & Psychotherapy of Nigeria (ACMPN) is holding a special event from!-->…
Banking Fidelity Bank chair to earn N60m per annum May 22, 2024 0 Big Pay Day for Fidelity Bank BossesFidelity Bank shareholders just voted to give their chairman a big raise! The!-->…
Local Operators kick as FRSC plans prosecution of reckless drivers May 22, 2024 0 Taxi drivers in Nigeria are unhappy about a new government plan to punish reckless drivers with jail time. They!-->…
World World Bank Approves $750 Million for Mini-Grids May 22, 2024 0 Great news for Nigerians living in rural areas! The World Bank just approved a $750 million loan to build 1,200!-->…
Commodities Naira slide pushes Dangote diesel to N1,100/litre May 22, 2024 0 The price of diesel from the Dangote Refinery has jumped! It went from N940 per litre in April to N1,100 per litre!-->…
Local Minimum wage: FG, Labour talks deadlocked, NLC defends N615,000 demand May 22, 2024 0 There are several important stories making the news in Nigeria today. The biggest one is that talks between the!-->…
Business CBN Raises Interest Rate to 26.25% May 22, 2024 0 The Central Bank of Nigeria (CBN) just announced a rise in interest rates to 26.25%. This means it will be more!-->…
Business Big Meeting Planned Between Korea and Africa! May 22, 2024 0 There's a big meeting planned between Korea and Africa in early June! This summit is a chance for these two!-->…
Business Ministry of Marine and Blue Economy set to Harness the Atlantic Ocean May 22, 2024 0 Nigeria has a long coastline on the Atlantic Ocean, packed with resources and potential. To take full advantage of!-->…
Business Stanbic IBTC Holdings Plans to Raise N550 Billion in New Capital May 20, 2024 0 Shareholders of Stanbic IBTC Holdings Plc have approved a plan to raise N550 billion in new capital. The company!-->…
Business CBN Faces Tough Choices On Interest Rate, Inflation, Others May 20, 2024 0 The Central Bank of Nigeria (CBN) is at a crossroads, deciding whether to continue raising the benchmark interest!-->…
Business Foreign Reserves Build Up Despite Naira Volatility May 20, 2024 0 Nigeria's foreign exchange reserves have shown a steady recovery, adding $195.01 million to reach $32.64 billion!-->…
World Iranian President Ebrahim Raisi Dies in Helicopter Crash May 20, 2024 0 Iranian President Ebrahim Raisi died in a helicopter crash, according to the Islamic Republic News Agency. The!-->…
Business CBN Withdraws Circular on Cybersecurity Levy Collection May 20, 2024 0 The Central Bank of Nigeria (CBN) has retracted its directive that mandated banks and payment service providers!-->…
Business Afreximbank Reports Net Interest Income Up to 31.73% in Q1 May 20, 2024 0 The African Export-Import Bank (Afreximbank) has released its financial results for the first quarter of 2024. Net!-->…
Business MTN Nigeria CEO Defends Board of Directors’ Remuneration May 20, 2024 0 MTN Nigeria's CEO, Karl Toriola, has defended the remuneration of the company's Board of Directors despite the!-->…
Business TAJBank Wins Best Islamic Bank in Nigeria Award for 2023 May 20, 2024 0 TAJBank Limited, known for its rapid growth in non-interest banking services, has been awarded the "Best Islamic!-->…
Business Only 20% Registered Entities Pay Annual Returns – CAC RG May 20, 2024 0 The Registrar General of the Corporate Affairs Commission (CAC), Hussaini Magaji (SAN), revealed that only 20% of!-->…
Business U.S. Factory Production Falls in April May 20, 2024 0 U.S. factory production saw an unexpected decline in April, primarily due to a drop in motor vehicle output.!-->…
Business China’s April industrial output rises 6.7% but Retail Sales Growth Slows May 20, 2024 0 China's industrial output grew by 6.7% year-on-year in April, showing a significant rise from the 4.5% growth in!-->…
Africa Nigeria Overtakes South Africa as Indonesia’s Top African Investment… May 20, 2024 0 Nigeria has become Indonesia's top investment destination in Africa, surpassing South Africa, with a trade balance!-->…
World Microsoft offers cloud customers AMD alternative to Nvidia AI processors May 17, 2024 0 Microsoft is giving cloud computing customers a new option for powering artificial intelligence (AI). They're!-->…
Business Electricity: Most DisCos are technically insolvent— NERC May 17, 2024 0 During the 8th Africa Energy Market Place 2024 in Abuja, the Chairman of the Nigerian Electricity Regulatory!-->…
Local Olukoyede: Some youths trading crypto unaware they’re being used to fund terrorism May 17, 2024 0 Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), raised concerns about the!-->…