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Author: ayotilewa

Government to Privatize Port Harcourt Refinery as it Resumes Operations
Local

Government to Privatize Port Harcourt Refinery as it Resumes Operations

The Nigerian National Petroleum Company Limited (NNPCL) has revealed plans to transfer the operational reins of the recently revitalized Port…

byayotilewaJanuary 16, 2024January 16, 2024
Pantami Expresses Dissapointment over underutilization of NIN-SIM Data for Crime Prevention
Local

Pantami Expresses Dissapointment over underutilization of NIN-SIM Data for Crime Prevention

Isa Pantami, the former Minister of Communications and Digital Economy, has expressed disappointment with security agencies for not effectively using…

byayotilewaJanuary 16, 2024January 16, 2024
Oil Theft: President Tinubu Applauds Security Agencies for Effort
Local

Oil Theft: President Tinubu Applauds Security Agencies for Effort

President Bola Tinubu has praised Tantita Security Services Limited and other security agencies for their effective collaboration in combating oil…

byayotilewaJanuary 16, 2024January 16, 2024
Minister Bagudu Calls for $100bn Investment, Stresses Private Sector Role
Local

Minister Bagudu Calls for $100bn Investment, Stresses Private Sector Role

Senator Atiku Bagudu, the Minister of Budget and Economic Planning, has emphasized the need for a minimum of $100 billion…

byayotilewaJanuary 16, 2024January 16, 2024
Equity Market Increases by N874bn, Led by Chams Holdings, PZ Cussons, and 66 Others
Local

Equity Market Increases by N874bn, Led by Chams Holdings, PZ Cussons, and 66 Others

The equity market witnessed an upswing, gaining N874 billion at the close of trading on Monday, propelled by notable performances…

byayotilewaJanuary 16, 2024January 16, 2024
Analysts Advices  Investors on Rising Inflation
Local

Analysts Advices Investors on Rising Inflation

As inflation continues its upward trajectory, analysts are advising equity market investors to remain resilient by focusing on stocks with…

byayotilewaJanuary 16, 2024January 16, 2024
Transcorp Hotels Joins N1tn Market Cap Club
Local

Transcorp Hotels Joins N1tn Market Cap Club

Transcorp Hotels Plc, a key player in the hospitality industry, has achieved a significant milestone by entering the club of…

byayotilewaJanuary 16, 2024January 16, 2024
Access Holdings Acquires Megatech Insurance Brokers
Local

Access Holdings Acquires Megatech Insurance Brokers

In a statement filed with the Nigerian Exchange Limited on Monday, Access Holdings Plc has successfully acquired Megatech Insurance Brokers…

byayotilewaJanuary 16, 2024January 16, 2024
Gates Foundation Announces Annual Budget of $8.6bn, Focuses on Global Health Innovations
Local

Gates Foundation Announces Annual Budget of $8.6bn, Focuses on Global Health Innovations

The Bill & Melinda Gates Foundation has unveiled its annual budget of $8.6 billion for the year 2024, allocating a…

byayotilewaJanuary 16, 2024January 16, 2024
Afreximbank and UBA Disburse $2.25 Billion Oil-for-Cash Loan to NNPC
Local

Afreximbank and UBA Disburse $2.25 Billion Oil-for-Cash Loan to NNPC

The African Export-Import Bank and the United Bank for Africa have successfully disbursed $2.25 billion from the $3.3 billion oil-for-cash…

byayotilewaJanuary 15, 2024January 15, 2024
Nigeria is not an Import-dependent Country-Data
Local

Nigeria is not an Import-dependent Country-Data

According to World Bank data, Nigeria is not as import-dependent as perceived by many people. Nigeria, despite being an oil-producing…

byayotilewaJanuary 15, 2024January 15, 2024
Ajaokuta Steel Company: Struggle for Industrialization
Local

Ajaokuta Steel Company: Struggle for Industrialization

Despite being an emblem of Nigeria’s industrial aspirations since its initiation in 1979, the Ajaokuta Steel Mill continues to face…

byayotilewaJanuary 15, 2024January 15, 2024
Local

SERAP Advocates 70% Cut to National Assembly Budget, Deeming it Excessive

Nigeria’s Socio-Economic Rights and Accountability Project (SERAP) has called for a significant reduction of 70% to the National Assembly’s budget,…

byayotilewaJanuary 15, 2024January 15, 2024
EFCC Reignites High-Profile Corruption Cases
Local

EFCC Reignites High-Profile Corruption Cases

The Economic and Financial Crimes Commission (EFCC) has revived high-profile corruption cases involving former governors and ministers. The renewed investigations…

byayotilewaJanuary 15, 2024January 15, 2024
Expect Exchange Rate to Improve- Minister Bagudu
Local

Expect Exchange Rate to Improve- Minister Bagudu

The Minister of Budget and Economic Planning, Atiku Bagudu, anticipates an improvement in the exchange rate, citing the ongoing exchange…

byayotilewaJanuary 15, 2024January 15, 2024
Nigerian Exchange: YTD Gains, Investors profits 1.8tn
Local

Nigerian Exchange: YTD Gains, Investors profits 1.8tn

Less than a month into the New Year, the Nigerian Exchange Limited has achieved double-digit year-to-date gains, signaling a sustained…

byayotilewaJanuary 15, 2024January 15, 2024
FG to Boost internet Connectivity in Eight States
Local

FG to Boost internet Connectivity in Eight States

In the first quarter of 2024, Nigeria is set to launch the National Broadband Alliance for Nigeria, an initiative aimed…

byayotilewaJanuary 15, 2024January 15, 2024
Opportunities in 2024 Budget for Nigerian Economy-First Bank CEO
Local

Opportunities in 2024 Budget for Nigerian Economy-First Bank CEO

Adesola Adeduntan, the Chief Executive Officer of First Bank of Nigeria, emphasized the presence of opportunities in the 2024 budget…

byayotilewaJanuary 15, 2024January 15, 2024
Potential 400% Revenue Increase through Foreign Investment in Hospitality- Stakeholders
Local

Potential 400% Revenue Increase through Foreign Investment in Hospitality- Stakeholders

Stakeholders in the hospitality industry have highlighted the potential for a substantial 400% increase in revenue within six months through…

byayotilewaJanuary 15, 2024January 15, 2024
NOVA Merchant Bank Increases Employee’s Salary by 50% Salary
Local

NOVA Merchant Bank Increases Employee’s Salary by 50% Salary

NOVA Merchant Bank Limited has implemented a substantial 50% salary increase for its staff effective November 1, 2023. The bank,…

byayotilewaJanuary 15, 2024January 15, 2024
Ajaokuta Steel Company Faces Disconnect Over N33bn Electricity Debt, FG Begins Investigation
Local

Ajaokuta Steel Company Faces Disconnect Over N33bn Electricity Debt, FG Begins Investigation

The Federal Government has announced an investigation into the non-functioning Ajaokuta Steel Company Limited, which accumulated a staggering N33bn in…

byayotilewaJanuary 12, 2024January 12, 2024
FG Adopts N800 to Dollar Exchange Rate in 2024 Budget
Local

FG Adopts N800 to Dollar Exchange Rate in 2024 Budget

With the aim of ensuring stability in the 2024 Appropriation Act, the Federal Government disclosed on Thursday that it settled…

byayotilewaJanuary 12, 2024January 12, 2024
ILO Warns of Global Job Losses in 2024, Projects 5.2% Unemployment Rate
Local

ILO Warns of Global Job Losses in 2024, Projects 5.2% Unemployment Rate

The International Labour Organisation (ILO) has issued a projection, stating that approximately two million workers could lose their jobs in…

byayotilewaJanuary 12, 2024January 12, 2024
Multinationals May Exit Nigeria in 2024 Amid Economic Environment- Report
Local

Multinationals May Exit Nigeria in 2024 Amid Economic Environment- Report

A recent report by financial solutions firm Cardinal Stone suggests that multinational firms in the Fast Moving Consumer Goods (FMCG)…

byayotilewaJanuary 12, 2024January 12, 2024
Local

Wema Bank Reports Over 130% Growth in Profit

Wema Bank has showcased remarkable financial performance in the third quarter of 2023, as its Profit Before Tax surged by…

byayotilewaJanuary 12, 2024January 12, 2024
Emerging Africa Capital Redeems Series 3 Commercial Paper Worth N1.6Bn
Local

Emerging Africa Capital Redeems Series 3 Commercial Paper Worth N1.6Bn

Emerging Africa Capital Limited, an Investment Banking and Financial Services company, announced the successful redemption of its Series 3 commercial…

byayotilewaJanuary 12, 2024January 12, 2024
Nigerian Stock Market Bounces Back, Gains N313bn
Local

Nigerian Stock Market Bounces Back, Gains N313bn

The Nigerian Exchange Limited closed on a positive note on Thursday, with investors gaining approximately N313bn. The All-Share Index rebounded…

byayotilewaJanuary 12, 2024January 12, 2024
International Breweries Plc Board Considers Rights Issue and Share Capital Increase
Local

International Breweries Plc Board Considers Rights Issue and Share Capital Increase

International Breweries Plc’s Board of Directors is set to deliberate on a Rights Issue and an increase in its share…

byayotilewaJanuary 12, 2024January 12, 2024
cNGN Faces Challenges as CBN Plans Transition from eNaira
Local

cNGN Faces Challenges as CBN Plans Transition from eNaira

As the Central Bank of Nigeria (CBN) prepares to introduce cNGN, its stablecoin, through commercial banks and fintech companies, challenges…

byayotilewaJanuary 12, 2024January 12, 2024
EFCC: Ministers get Investigated, ICPC Recovers N50bn
Local

EFCC: Ministers get Investigated, ICPC Recovers N50bn

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) successfully recovered N50bn that was on the brink of embezzlement.…

byayotilewaJanuary 11, 2024January 11, 2024

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