Access Bank Disburses N740b To 18m Digital Borrowers
Access Bank has disbursed N740 billion to 18 million borrowers through its digital lending services since launching in 2017. This…
Author: ayotilewa
FG’s deficit spending falls 29% to N2.83trn in Q1’24
The Federal Government of Nigeria reduced its deficit spending by 29% in the first quarter of 2024, bringing the deficit…
DBN secures access to over $100b Green Climate Fund
The Development Bank of Nigeria Plc (DBN) has become the first Direct Access Entity (DAE) in Nigeria to receive accreditation…
NACCIMA, others kick as CBN hikes interest rate to 26.75%
The Central Bank of Nigeria (CBN) has raised its benchmark Monetary Policy Rate (MPR) to 26.75% from 26.25% in an…
Transcorp Hotels posts 188% profit growth in 2024 half year
Transcorp Hotels posted a profit before tax of N10.5 billion in the first half of 2024, a remarkable 188% increase…
FG allocates over N438 billion to 34 States, FCT under economic stimulus programme
The Federal Government has distributed more than N438 billion to 34 states and the Federal Capital Territory (FCT) as part…
Support for Dangote Refinery Swells, Kyari Denies Owning Blending Plant in Malta
Amid ongoing disagreements between Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), prominent Nigerians are voicing…
Gabon President Invites Aliko Dangote to Invest in Cement and Fertilizer
President Brice Oligui Nguema of Gabon has extended an invitation to Aliko Dangote, Africa’s wealthiest individual, to explore investment opportunities…
Sherwin-Williams raises 2024 profit forecast on upcoming residential demand
Sherwin-Williams increased its full-year earnings forecast and reported a second-quarter profit that exceeded Wall Street expectations, driven by higher prices…
Samsung Elec talks with union end without result, union says
Sherwin-Williams increased its full-year earnings forecast and reported a second-quarter profit that exceeded Wall Street expectations, driven by higher prices…
Italy seizes 121 mln euros from Amazon unit over alleged tax, labour offences
Italian tax police have seized €121 million from Amazon Italia Transport, a logistics unit of e-commerce giant Amazon, amid allegations…
Samsung Elec talks with union end without result, union says
Samsung Electronics and representatives of its largest workers’ union in South Korea, currently on strike over pay and benefits, held…
South African rand weakens, eyes on inflation data
The South African rand weakened by about 0.75% in early trading on Tuesday, trading at 18.38 against the dollar as…
Spotify reports record quarterly earnings, shares jump 14% in premarket trade
Spotify reported a record quarterly profit of 1.11 billion euros, slightly surpassing analyst expectations of 1.07 billion euros. Earnings per…
ATM transactions decline 13% to N28.2 trn
In 2023, the value of Automated Teller Machine (ATM) transactions in Nigeria decreased by 13.6 percent to N28.2 trillion, down…
We are working on postal reform bill — Postmaster General
The Postmaster General of Nigeria, Ms. Tola Odeyemi, emphasized the importance of passing the long-pending postal reform bill during the…
Electricity: FG targets 9,000MW from renewable energy
The Nigerian government plans for the renewable energy sector to contribute 9,000 megawatts of power by 2030 as part of…
Incoming CIIN president unveils agenda for insurance industry growth
Mrs. Yetunde Ilori, the incoming president of the Chartered Insurance Institute of Nigeria (CIIN), plans to leverage technology to advance…
Energy stakeholders brainstorm on midstream, downstream devpt at SPE-NAICE 2024
Professionals and key players in the energy sector will gather at the SPE-NAICE 2024 event to explore advancements in the…
AEDC Appoints 4th CEO In 11 Months
The Abuja Electricity Distribution Company (AEDC) has appointed Engr Chijioke Okwuokenye as the acting Managing Director, effective immediately. Adefisayo Akinsanya,…
Forex inflow via IMTOs hits $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators (IMTOs) increased by 38.86 percent to $1.07 billion in the first quarter…
Domestic workers must benefit from N70,000 minimum wage – Senate
The Senate and the National Council for Women Society (NCWS) have called for domestic servants to be included in the…
Agbakoba warns NNPC against taking over Dangote refinery
Senior Advocate of Nigeria Olisa Agbakoba has cautioned against the Nigerian National Petroleum Company Limited (NNPCL) taking over the Dangote…
Chapel Hill Denham named Nigeria’s best investment bank
Chapel Hill Denham has been awarded the title of Best Investment Bank in Nigeria at the 2024 Euromoney Awards for…
Forex inflow via IMTOs hits $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators (IMTOs) in Nigeria saw a significant increase of 38.86% to $1.07 billion…
Japan’s chief cabinet secretary calls for broad-based wage hikes
Japan’s Chief Cabinet Secretary, Yoshimasa Hayashi, has emphasized the importance of extending pay increases to smaller firms as part of…
India boosts spending on job creation, rural areas in first budget after election
India’s Finance Minister Nirmala Sitharaman unveiled a budget of $24 billion for the 2024/25 fiscal year, focusing on job creation…
Digital tax talks in G20 spotlight as US tariff threat looms
Negotiations for a global tax deal are ongoing past the June 30 deadline, with the G20 finance leaders meeting this…
Global aircraft leasing market to hit $315b by 2033
The global commercial aircraft leasing market is set to reach $315.9 billion by 2033, growing at a cumulative annual growth…
NGX delists three companies over poor standards
The Nigerian Exchange (NGX) has delisted three companies—Niger Insurance Plc, Resort Savings and Loans Plc, and RAK Unity Petroleum—citing failure…