Business Dangote to sell 12.5% refinery stake amid liquidity concern Aug 7, 2024 0 The Dangote Group is considering selling a 12.5% stake in its newly commissioned refinery due to liquidity!-->…
Business FG unveils comprehensive strategy for economic growth, citizens’ welfare Aug 7, 2024 0 Nigeria’s Finance Minister, Wale Edun, has outlined the federal government’s strategy to revitalize the economy!-->…
Local Heirs Insurance Group appoints Puri, Iroche as non-executive directors Aug 7, 2024 0 Heirs Insurance Group (HIG) has announced the appointment of Ibrahim Puri and Sonny Iroche as independent!-->…
Business NGX slumps as global tensions trim N371bn from investors’ wealth Aug 7, 2024 0 The Nigerian Exchange Limited (NGX) continued its slide on Tuesday, with the All-Share Index dropping by 0.67% to!-->…
Business US transport safety board to hold hearings on Boeing 737 MAX 9 mid-air emergency Aug 6, 2024 0 The U.S. National Transportation Safety Board (NTSB) is set to question witnesses from Boeing, Spirit AeroSystems,!-->…
Technology Google has an illegal monopoly on search, US judge finds Aug 6, 2024 0 A U.S. judge has ruled that Google violated antitrust laws by using billions of dollars to establish an illegal!-->…
Business Exclusive: Chinese firms stockpile high-end Samsung chips as they await new US… Aug 6, 2024 0 Chinese tech giants like Huawei and Baidu, along with various startups, are stockpiling high bandwidth memory!-->…
Business SoftBank seen posting modest profit in Q1, buyback potential in focus Aug 6, 2024 0 Japan's SoftBank Group is anticipated to report a modest profit for the first quarter on Wednesday, but investor!-->…
Business NNPC Announces Launch of New Crude Oil Grade, Targets 50,000bpd Aug 6, 2024 0 NNPC Ltd has launched a new crude oil grade called Utapate into the international market. The oil is produced from!-->…
Business Overland Begins Lagos-Abuja Direct Flights Aug 6, 2024 0 Starting August 9, 2024, Overland Airways will begin daily direct flights between Lagos and Abuja. The airline!-->!-->!-->…
Business NCC orders telcos to simplify tariff plans Aug 6, 2024 0 The Nigerian Communications Commission (NCC) has directed telecom operators to make their tariff plans, bundles,!-->…
Stock Global stock markets plunge on US recession fears Aug 6, 2024 0 Global stock markets experienced severe declines on Monday, with Wall Street and Tokyo’s Nikkei seeing significant!-->…
Currency Naira depreciates to N1,600/$ in parallel market Aug 6, 2024 0 On Monday, the Naira weakened in the parallel market, falling to N1,600 per dollar from N1,590 last weekend. !-->!-->!-->…
Business Oil/gas communities send memo to FG, IOCs, NDDC Aug 6, 2024 0 Oil and gas communities in the Niger-Delta have presented a comprehensive agenda to the Federal Government,!-->…
Trade BUA Cement’s pre-tax profit drops by 54% in Q1 Aug 6, 2024 0 BUA Cement’s second-quarter results for 2024 show a significant decline in pre-tax profit, falling by 54%!-->…
Business MTN, Airtel Cut Foreign Debt as Naira Falls Aug 6, 2024 0 Telecommunication giants MTN Nigeria and Airtel Africa have significantly reduced their foreign exchange (FX)!-->…
Business Nigerians experience blackout as national grid collapses again Aug 6, 2024 0 Nigeria's electricity grid collapsed once more on Monday, causing a nationwide blackout. The system failure, which!-->…
Business Businesses reopen as states contain simmering protests Aug 6, 2024 0 On Monday, many businesses in Lagos, including popular markets like Mile 2 and government offices in Alausa and!-->…
Crypto Cryptocurrency Market Faces $900M Loss as Bitcoin Prices Drop Aug 6, 2024 0 In the past 24 hours, the cryptocurrency market experienced $900 million loss, primarily due to the liquidation of!-->…
Local CBN introduces Dutch auction system to tackle forex shortages Aug 5, 2024 0 The Central Bank of Nigeria (CBN) has introduced a Retail Dutch Auction System (DAS) to address the fluctuations!-->…
investment African caucus calls for investments, energy access, to boost AfCFTA Aug 5, 2024 0 The African Caucus, which includes over 50 African Ministers of Finance and Central Bank governors, has urged for!-->…
Business NCC Extends NIN-SIM Verification Deadline Beyond July 31, 2024 Aug 5, 2024 0 The Nigerian Communications Commission (NCC) has instructed telecom operators to extend the NIN-SIM verification!-->…
Finance Bank directors disagree with Otedola, Elumelu on FX windfall tax Aug 5, 2024 0 The Bank Directors Association of Nigeria (BDAN) has expressed disagreement with the views of FBN Holdings!-->…
Business BUA Foods Reports N672.39 Billion Revenue in First Half of 2024 Aug 5, 2024 0 BUA Foods Plc reported N672.39 billion in revenue for the first half of the financial year ending June 30, 2024,!-->…
Agriculture Civil servants will receive first batch sale of 50kg rice for N40,000, says FG Aug 5, 2024 0 The Federal Government announced that the initial sale of 50 kg bags of rice at N40,000 will first be directed to!-->…
Local Exchange rate for customs duties collection rises to N1,618/$ Aug 5, 2024 0 The exchange rate for the Nigeria Customs Service (NCS) duties collection has increased to N1618.73/$, up from the!-->…
Business Dangote Refinery: Civil Societies to Monitor Crude Sales Compliance by NNPCL Aug 5, 2024 0 A coalition of 28 Civil Society Organizations (CSOs) announced plans to set up a situation room to monitor the!-->…
Energy Dangote diesel sulphur triggers concern, marketers fault rejection report Aug 5, 2024 0 Reports allege that diesel produced by the $20bn Dangote Petroleum Refinery contains high levels of sulphur. !-->!-->!-->…
Business Public debt stock may hit N130tn by Dec – Report Aug 5, 2024 0 Nigeria's public debt is projected to reach N130tn by the end of 2024, with a debt-to-GDP ratio of 55% and!-->…
Opinion Effective Communication, a Necessity in Addressing National Protests – 8… Aug 3, 2024 0 The ongoing protests in Nigeria have highlighted a significant issue: the lack of coordinated communication from!-->…