Nigeria’s Tier-1 banks plan $3.03 billion in fresh capital
Four of Nigeria’s tier-1 banks, including FBN Holdings, Access Holdings, Guaranty Trust Holding Company Plc, and United Bank for Africa…
Author: ayotilewa
Attacks on Russian refineries may disrupt global oil markets
The International Energy Agency (IEA) has voiced support for the United States’ stance, indicating that Ukrainian drone strikes on Russian…
Zenith bank takes steps to meet CBN’s N500bn capital requirement
Zenith Bank Plc has announced its proactive measures to comply with the Central Bank of Nigeria’s (CBN) new capitalization requirement…
Air Peace faces tough competition on London Route as currency rebounds
Air Peace recently launched flights on the Nigeria-London route, sparking intense competition with established foreign airlines. The airline’s inaugural flight…
Six banks shareholders get N366bn dividends –Report
In 2023, investors in six Nigerian financial institutions reaped significant rewards, with final dividends totaling approximately N366.93 billion, as reported…
FG targets 6,000 megawatts of electricity in 6 months
Nigeria’s Minister of Power, Adebayo Adelabu, has provided assurance that the country is set to generate 6,000 megawatts (MW) of…
NNPC Chief pledges increased gas supply to stabilise naira
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Kyari, has vowed to escalate the supply of Nigeria’s…
Former CBN Governor Godwin Emefiele Granted N50 Million Bail
A high court in Ikeja, Lagos, has approved a N50 million bail for the former Central Bank of Nigeria (CBN)…
20hrs Supply: DisCos post 37 apologies to Band A customers In 1 week
Following the Nigerian Electricity Regulatory Commission’s (NERC) recent increase in electricity tariffs for Band A customers, electricity distribution companies (DisCos)…
China’s exports likely swung back to contraction in March
A Reuters poll conducted on Thursday suggests that China’s exports likely declined in March, following a period of better-than-expected growth…
Nike pins hopes on Olympics to win back market share
The company will outfit athletes from various countries, including the United States, Canada, China, Kenya, Germany, Uganda, and more, across…
US bets on climate friendly farming, plan raises doubts
President Joe Biden’s administration is incentivizing farmers to adopt practices that store carbon in the soil to combat climate change.…
Amazon CEO eyes cost reductions in fulfillment network
Amazon’s CEO, Andy Jassy, revealed plans to further reduce costs in the company’s fulfillment network, following recent staff reductions across…
Government expects 1.5trn savings, more meters with electricity tariff hike
The Federal Government has announced that it expects to save a significant amount of money this year following the recent…
Dredgers Association threatens legal action over Tilapia Fish mortality
As the controversy surrounding the death of tilapia fish in Epe persists, the Dredgers Association of Nigeria (DAN) has issued…
New CEO of Africa Prudential eyes capital market opportunities
Catherine Nwosu, the recently appointed Managing Director/Chief Executive Officer of Africa Prudential Public, has outlined plans for the firm to…
IBEDC MD urges customers to halt attacks on workers
Kingsley Achife, the Managing Director of Ibadan Electricity Distribution Company (IBEDC), has issued an appeal to customers, urging them to…
Forex policies affecting transborder trade, say traders
The Transborder Traders Association has raised concerns over the impact of the Central Bank of Nigeria’s foreign exchange policies on…
All On invests £1m in mobile power for renewable energy solutions
The investment will support Mobile Power’s expansion efforts, particularly the roll-out of the MOPOMax, a high-capacity generator replacement battery designed…
US inflation surges to 3.5%, raises concerns for emerging markets
In a surprising turn, US inflation accelerated beyond expectations in March, reaching 3.5 percent, signaling a setback in efforts to…
Wigwe: Family of Ogunbajo files lawsuit over helicopter crash
The family of Abimbola Ogunbanjo, former Chairman of the Nigerian Exchange Group (NGX Group), has initiated a wrongful death lawsuit…
Dangote says diesel price reduction to cut Nigeria’s inflation
Aliko Dangote, the chairman of Dangote Group, has revealed that his refinery’s initiative to sell diesel at discounted prices is…
Champion Breweries Plc reports 73% drop in profit
Champion Breweries Plc, a prominent Nigerian brewing company, witnessed a significant decline in profit, plummeting by 73.6 percent according to…
Biden and Kishida likely to discuss Texas bullet train project
President Joe Biden is working to bring attention back to a plan to create America’s first high-speed rail system by…
Hong Kong considers expanding investment links with China
The Hong Kong Monetary Authority (HKMA) is exploring the possibility of enhancing investment connections between Hong Kong and mainland China,…
South Korea to invest billions in AI to strengthen industry
South Korean President Yoon Suk Yeol has announced a major investment of 9.4 trillion won ($6.94 billion) in artificial intelligence…
Global stocks steady, metals fly
On Tuesday, global shares showed a mixed performance as investors awaited this week’s U.S. inflation report and an important European…
Nigerian startups raise $160 million in 3 months
Despite a slowdown in funding across the African continent, Nigerian startups have raised an impressive $160 million in the first…
From Pharmacy Student to NAFDAC Director: Moji Adeyeye’s Journey
Moji Adeyeye, the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), has overcome numerous challenges…
Tony Elumelu eyes purchase of Nigerian Premier Football League Club
Renowned Nigerian billionaire Tony Elumelu has shown interest in acquiring a club in the Nigeria Premier Football League (NPFL) following…