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Ekemini Uba 4868 posts 0 comments

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…
Business

Six banks shareholders get N366bn dividends –Report

Apr 12, 2024 0
In 2023, investors in six Nigerian financial institutions reaped significant rewards, with final dividends…
Energy

FG targets 6,000 megawatts of electricity in 6 months

Apr 12, 2024 0
Nigeria's Minister of Power, Adebayo Adelabu, has provided assurance that the country is set to generate 6,000…
Business

NNPC Chief pledges increased gas supply to stabilise naira

Apr 12, 2024 0
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Kyari, has vowed to escalate…
Breaking

Former CBN Governor Godwin Emefiele Granted N50 Million Bail

Apr 12, 2024 0
A high court in Ikeja, Lagos, has approved a N50 million bail for the former Central Bank of Nigeria (CBN)…
Energy

20hrs Supply: DisCos post 37 apologies to Band A customers In 1 week

Apr 12, 2024 0
Following the Nigerian Electricity Regulatory Commission's (NERC) recent increase in electricity tariffs for Band…
Trade

China’s exports likely swung back to contraction in March

Apr 11, 2024 0
A Reuters poll conducted on Thursday suggests that China's exports likely declined in March, following a period of…
Business

Nike pins hopes on Olympics to win back market share

Apr 11, 2024 0
The company will outfit athletes from various countries, including the United States, Canada, China, Kenya,…
Agriculture

US bets on climate friendly farming, plan raises doubts

Apr 11, 2024 0
President Joe Biden's administration is incentivizing farmers to adopt practices that store carbon in the soil to…
Technology

Amazon CEO eyes cost reductions in fulfillment network

Apr 11, 2024 0
Amazon's CEO, Andy Jassy, revealed plans to further reduce costs in the company's fulfillment network, following…
Energy

Government expects 1.5trn savings, more meters with electricity tariff hike

Apr 11, 2024 0
The Federal Government has announced that it expects to save a significant amount of money this year following the…
Local

Dredgers Association threatens legal action over Tilapia Fish mortality

Apr 11, 2024 0
As the controversy surrounding the death of tilapia fish in Epe persists, the Dredgers Association of Nigeria…
Business

New CEO of Africa Prudential eyes capital market opportunities

Apr 11, 2024 0
Catherine Nwosu, the recently appointed Managing Director/Chief Executive Officer of Africa Prudential Public, has…
Local

IBEDC MD urges customers to halt attacks on workers

Apr 11, 2024 0
Kingsley Achife, the Managing Director of Ibadan Electricity Distribution Company (IBEDC), has issued an appeal to…
Local

Forex policies affecting transborder trade, say traders

Apr 11, 2024 0
The Transborder Traders Association has raised concerns over the impact of the Central Bank of Nigeria's foreign…
investment

All On invests £1m in mobile power for renewable energy solutions

Apr 11, 2024 0
The investment will support Mobile Power's expansion efforts, particularly the roll-out of the MOPOMax, a…
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Business

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World

UN Warns Trump Against Iran Strikes as Deadline Nears:…

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Saudi warns of $50 oil if OPEC+ fails to honour cut deal

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Walz, Vance clash at policy-heavy vice presidential debate

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