Business Equity market begins week with N404bn loss Aug 13, 2024 0 The Nigerian equity market ended the first trading day of the week with a decline, as the All Share Index fell by!-->…
Business Nigeria’s fiscal deficit drops 29% to N2.82trn Aug 13, 2024 0 Nigeria’s budget deficit decreased by 29% in the first quarter of 2024, falling to N2.83 trillion from N3.96!-->…
Banking Providus Bank pays Unity price for national dreams Aug 13, 2024 0 Providus Bank is set to acquire Unity Bank, a financially troubled but strategically important bank, following!-->…
Energy Q2: Demand for crude oil by local refineries rises to 597,700 bpd Aug 13, 2024 0 However, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has only managed to secure 177,777 bpd from!-->…
Business Air Peace: FG writes UK, threatens to bar British carriers from Lagos, Abuja… Aug 13, 2024 0 Nigeria's Minister of Aviation and Aerospace Development, Festus Keyamo, has escalated the issue of Air Peace's!-->…
Business Inflation: 67% of MSMEs report decline in demand for their products and services –… Aug 13, 2024 0 A new report by Price Waterhouse Coopers shows that 67% of Nigerian Micro, Small, and Medium Enterprises (MSMEs)!-->…
Local We’re raising capital for expansion, SME support –Umeoji, Zenith Bank CEO Aug 13, 2024 0 Zenith Bank Plc plans to raise N290 billion through its current offer to boost its operations across Africa and!-->…
Business Nigeria’s crude oil production now 1.3mbpd – OPEC Aug 13, 2024 0 Nigeria's average daily crude oil production saw a minor increase to 1.307 million barrels per day in July, as per!-->…
Business Zenith Bank, Access, FBN Holdings, 7 others receive highest FX from CBN Aug 12, 2024 0 The Central Bank of Nigeria (CBN) recently held a Retail Dutch Auction System (RDAS) to address the growing demand!-->…
Stock Equities market records 0.87% growth in 1 week, investors gain N481bn Aug 12, 2024 0 The Nigerian equities market experienced a positive turnaround, with the All-Share Index (ASI) rising by 0.87%!-->…
Business Popoola commends FCMB’s digital approach in N110.9bn public offer Aug 12, 2024 0 The Group CEO of Nigeria Exchange Group (NGX), Temi Popoola, commended FCMB Group for its digital innovation in!-->…
Business Currency devaluation threatens NGX’s leadership as Africa’s top stock market Aug 12, 2024 0 The Nigerian Exchange Limited (NGX) started 2024 with strong performance, recording a 26.43% year-to-date return!-->…
Business Arthur Eze’s Oranto Petroleum signs oil deal in Venezuela Aug 12, 2024 0 Atlas Oranto Petroleum International Limited (AOPI) has expanded its global footprint by signing an oil!-->…
Energy Nigeria’s financial struggle persists as Niger, Togo, others fail to defray… Aug 12, 2024 0 Nigeria is facing increasing financial strain as international customers failed to pay $14.19 million for!-->…
Banking Lack of BVN stalls 18% Heritage Bank’s depositors from reimbursement – NDIC Aug 12, 2024 0 The Nigeria Deposit Insurance Corporation (NDIC) has announced that 82.36% of insured deposits belonging to!-->…
Business Minister writes UK over Heathrow slot for Air Peace to avoid diplomatic row Aug 12, 2024 0 Festus Keyamo, Nigeria's Minister of Aviation and Aerospace Development, has lodged a formal complaint with his!-->…
Business Barbican Capital sues First Bank for wrongly stating shareholding Aug 12, 2024 0 Barbican Capital Limited, the largest shareholder of FBN Holdings, has filed a lawsuit against the bank to address!-->…
Finance Nigeria’s debt service-to-revenue may return to 98% in 2 years, economist warns Aug 12, 2024 0 Economist Paul Alaje criticized the Nigerian government’s simultaneous removal of petroleum subsidies and!-->…
Banking NDIC pays N5m to Heritage Bank’s depositors Aug 12, 2024 0 The Nigeria Deposit Insurance Corporation (NDIC) has successfully disbursed N5 million each to 82.36% of Heritage!-->…
Technology NASENI launches app for CNG conversion Aug 12, 2024 0 The National Agency for Science and Engineering Infrastructure (NASENI) has introduced the MY-CNG App to!-->…
Business NiMet’s air quality monitoring network in deplorable state Aug 12, 2024 0 A recent audit conducted by the Nigerian Meteorological Agency (NiMet) has found its air quality monitoring!-->…
Market Retail investors still buyers of US equities through rollercoaster markets –… Aug 9, 2024 0 Despite a recent sharp drop in U.S. stock markets, retail investors continued buying shares, particularly in tech!-->…
Market Wall St Week Ahead Rollercoaster week in US stocks leaves investors braced for… Aug 9, 2024 0 U.S. stock markets have experienced significant volatility recently, spurred by alarming economic data and the!-->…
Business Futures rise on dovish Fed comments after jobs data Aug 9, 2024 0 U.S. stock futures advanced on Friday, buoyed by dovish comments from Federal Reserve officials and robust labor!-->…
Business Global oil demand needs to rise faster to absorb OPEC+ hike Aug 9, 2024 0 Global oil demand growth needs to accelerate in the coming months to absorb the increased supply that OPEC+ plans!-->…
Business New CBN circular clarifies existing rule on certificate of capital importation for… Aug 9, 2024 0 The Central Bank of Nigeria (CBN) has issued a new circular detailing the documentation required for foreign!-->…
Business FG To Pay Julius Berger N280bn To Complete Abuja- Kano Highway Aug 9, 2024 0 The Federal Government has allocated N20 billion each month to Julius Berger Plc for the dualization of an!-->…
Business Egbin Power Gets 3 ISO Certifications Aug 9, 2024 0 Egbin Power Plc, Nigeria's largest power generation company, has been awarded three ISO certifications: ISO!-->…
Trade NGX’s Boss Backs FCMB’s N110.9bn Capital Raise Aug 9, 2024 0 Temi Popoola, Group CEO of the Nigerian Exchange Group (NGX), has commended FCMB Group for its successful capital!-->…
Banking Union Bank Graduates Management Trainees Aug 9, 2024 0 Union Bank of Nigeria has celebrated the graduation of its 2024 management trainees at a ceremony held at The!-->…