Prices of basic food items rise 140% — NBS
Nigerians are facing a significant rise in food prices, according to the latest report by the National Bureau of Statistics…
Author: ayotilewa
Dangote Calls for More Investment in Africa’s Industries, Not Just Resources
Aliko Dangote, president of Dangote Industries Limited, is urging increased investment in African industries. Speaking at the Africa CEO Forum…
Kerosene Prices Jump to N1,439.64/ltr: North Central Hit Hardest
The cost of kerosene, a vital fuel for many Nigerian households, has risen significantly. According to the National Bureau of…
Manufacturer’s Confidence on the Rise in Nigeria
Nigeria’s manufacturing sector is showing signs of optimism for the first time in nearly two years. A survey by the…
Ajaokuta steel revival attracts $10 billion investment, says Minister Audu
There’s good news for Nigeria’s steel industry! The government has reportedly secured potential investments totaling $10 billion to revitalize the…
Google Eyes HubSpot Acquisition to Challenge Microsoft in Cloud Software
Google’s parent company, Alphabet, is reportedly considering acquiring HubSpot, a marketing software company valued at $31 billion. This move would…
Boeing faces ‘long road’ on safety issues, US FAA says
The head of the Federal Aviation Administration (FAA) has cast doubt on Boeing’s ability to quickly resolve safety concerns. This…
BHP Determined to Seal Anglo American Deal Despite Concerns
BHP, the world’s largest mining company, remains committed to its proposed takeover of Anglo American. Despite concerns raised by Anglo…
Tier-1 Nigerian banks earn N392 billion from electronic business
Nigeria’s top tier-1 banks are reaping significant rewards from the growing popularity of electronic transactions. These banks, including UBA, Access…
International Breweries Gets SEC Nod for N588 Billion Rights Issue to Ease Debt Burden
International Breweries has secured approval from the Nigerian Securities Exchange Commission (SEC) to proceed with its planned rights issue. This…
Nigerian businesses need single-digit interest rate to grow economy – CPPE
Nigeria’s central bank (CBN) has raised interest rates for the third time in 2024, in a bid to control high…
Techstars CEO Maëlle Gavet Steps Down Due to Health Reasons
Techstars CEO Maëlle Gavet announced her resignation from the company, effective at the end of May, citing health concerns. Gavet’s…
BoI Disburses N496bn To MSMEs, Creates 2m Jobs
Nigeria’s Bank of Industry (BoI) defied economic downturn by disbursing N496 billion to bolster Micro, Small and Medium Enterprises (MSMEs).…
Jaiz Bank Posts N11bn Profit Before Tax
Jaiz Bank Plc announced impressive financial results for 2023 and the first quarter of 2024. Their profit before tax reached…
Azura Power Launches 20kW Solar System To Commemorate Children’s Day
Azura Power West Africa is bringing the light of education to the Knosk Charity School in Kuje with a 20…
AIMAN Seeks Review Of 50% IGR Deduction From Aviation Agencies
The Aeronautical Information Management Association of Nigeria (AIMAN) is lobbying for the Nigerian Airspace Management Agency (NAMA) to be exempt…
Turkish Airlines sacks 7 Nigerian staff over $600,000 ticket racketeering
Turkish Airlines fired seven Nigerian staff members for allegedly costing the airline over $600,000 through ticketing reservation violations. This dismissal…
Nigerian Treasury Bill Rates Unresponsive to CBN Interest Hike
Despite a recent hike in interest rates by Nigeria’s Central Bank, rates on one-year treasury bills remained nearly unchanged at…
Nigeria’s $1trn transactions to get new AI-based defence
Nigeria is stepping up its fight against financial fraud as the volume of electronic transactions explodes. With over N1.55 quadrillion…
Naira Holds Steady Against Dollar Despite CBN Rate Hike
The Nigerian Naira remained stable against the dollar at the official foreign exchange market on Wednesday, even after the Central…
Diesel price rises 68% to N1,415.06/ltr
The cost of diesel fuel in Nigeria has jumped dramatically, with a year-on-year increase of 68% to N1,415.06 per litre…
Microsoft’s AI Deal with UAE Raises Security Concerns, Lawmakers Seek More Oversight
Microsoft’s deal with G42, a UAE-backed AI company, is raising eyebrows over potential national security risks. The agreement might involve…
Stocks catch a ride higher with Nvidia; investors cautious over rates
Global stock markets saw a modest rise on Thursday, fueled by a strong performance from tech giant Nvidia. However, investor…
Japan’s Factory Activity Shows Signs of Life After Months of Slump
Positive news for Japan’s economy as factory activity finally expanded for the first time in a year. The au Jibun…
Quadrant MSL COO Retires
Quadrant MSL, a strategic communications firm, is saying goodbye to their COO and Head of Business, Oluwarantimi Olaniyan. After nearly…
ACMPN to Induct new members at the 2024 Mental Health Awareness Week
The Association for Counsellors Matchmaking & Psychotherapy of Nigeria (ACMPN) is holding a special event from May 20th to 25th,…
Fidelity Bank chair to earn N60m per annum
Big Pay Day for Fidelity Bank BossesFidelity Bank shareholders just voted to give their chairman a big raise! The chairman…
Operators kick as FRSC plans prosecution of reckless drivers
Taxi drivers in Nigeria are unhappy about a new government plan to punish reckless drivers with jail time. They worry…
World Bank Approves $750 Million for Mini-Grids
Great news for Nigerians living in rural areas! The World Bank just approved a $750 million loan to build 1,200…
Naira slide pushes Dangote diesel to N1,100/litre
The price of diesel from the Dangote Refinery has jumped! It went from N940 per litre in April to N1,100…