“Tough Time Never Last”- Tinubu Addresses Nigeria’s Socio-economic Issues
During the New Year address delivered by the president, Bola Ahmed Tinubu, he identified six socio-economic challenges in Nigeria, reassuring…
Author: ayotilewa
Dangote Refinery Recieves Fourth Supply of Crude Oil
To enhance the commencement of Dangote Petroleum Refinery and petrochemicals, NNPC supplied one million barrels of crude to the refinery.…
President Tinubu Signs N28.78 Trillion Budget: Charting Priorities for 2024
On January 1, 2024, President Bola Tinubu signed the N28.78 trillion budget for the year, marking a pivotal moment in…
Nigerian Banking Stocks Maintain Positive Trend Amidst Market Dip
On the first trading day post-Christmas, the Nigerian Exchange Limited witnessed a decline of N139 billion in market capitalization. Despite…
World Bank Disburses $1.45 Billion to Nigeria from States Fiscal Transparency Program”
In a significant financial development, the World Bank has announced the disbursement of $1.45 billion to Nigeria as part of…
NAFDAC Director-General Highlights Challenges in the Fight Against Fake Products
Moji Adeyeye, the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), has revealed that inadequate…
Bismarck Rewane Forecasts 3.3% Economic Growth for Nigeria in 2024
Bismarck Rewane, the Chief Executive Officer at Financial Derivatives Company, has made a projection that Nigeria’s economy is set to…
Manchester City Fined £120,000 for Player Misconduct Toward Referee in Tottenham Draw
Manchester City has been fined £120,000 ($152,000) by the Football Association after their players surrounded referee Simon Hooper in protest…
Peter Obi Advocates Attracting Foreign Investors Over Chasing Them: A Counter Perspective to Nigeria’s Investment Approach
The presidential candidate of the Labour Party, Peter Obi, has expressed his view that Nigeria should focus on attracting foreign…
Joint National Assembly Committee Fast-Tracks 2024 Budget Passage: N27.5 Trillion Set for Approval
The Joint National Assembly Committee on Appropriation has announced its commitment to passing the 2024 appropriation bill before the week…
President Tinubu Mediates Political Crisis in Rivers State: Stakeholders Sign Peace Agreement
President Bola Tinubu took proactive steps to address the political crisis in Rivers State by convening a meeting with key…
SEC Charges Tingo Group CEO for Fabricating Financial Statements and Insider Trading
The Securities and Exchange Commission (SEC) in the United States is set to bring charges against Dozy Mmobuosi, the CEO…
President Tinubu Pledges to Enhance Nigeria’s Investment Climate: Total Energies Plans $6bn Investment in Oil and Gas Sector
President Bola Tinubu has assured the international investment community of his administration’s commitment to position Nigeria as a top-level destination…
President Tinubu Inaugurates NNPCL Board with Emphasis on Performance and Corporate Social Responsibility
President Bola Tinubu has officially inaugurated the 11-man Board of the Nigerian National Petroleum Company Limited (NNPCL) with a stern…
Power Sector Challenges Persist: Nigerian Discos Achieve 79% Billing Efficiency in Q3, but ATC&C Losses Remain a Concern
The Nigerian Electricity Regulatory Commission (NERC) has released its Q3 quarterly report, revealing that Electricity Distribution Companies (Discos) collected N267.6…
Standard Chartered Streamlines Operations: Sells Consumer Banking Business in Côte d’Ivoire to Coris Group
Standard Chartered has finalized an agreement with Coris Group for the sale of its consumer banking business in Côte d’Ivoire,…
MTN Nigeria Successfully Raises N72.1 Billion in Series 10 Commercial Paper Issuance
MTN Nigeria Communications Plc has announced the successful completion of its Series 10 Commercial Paper issuance, surpassing its initial target…
NGX Targets Younger Investors: Financial Literacy Campaign Aims to Empower Gen Zs and Millennials
The Nigerian Exchange (NGX) is proactively reaching out to younger investors, unveiling plans to engage and attract Gen Zs and…
Mark Zuckerberg Surpasses Warren Buffett and Bill Gates in Wealth Rankings
Mark Zuckerberg, the Founder of Meta, has surpassed Warren Buffett in riches by $7 billion, according to the Forbes Billionaire…
Oando Clean Energy (OCEL) Boosts Nigerian Electric Vehicle Efforts with Purchase of 100 EVs
Oando Clean Energy (OCEL), the renewable energy subsidiary of Oando Energy Resources, is supporting the Nigerian government’s electric vehicle (EV)…
Naira Hits Record Low, PIA Implementation Challenges, and Economic Indicators to Watch
The Nigerian Naira faces a record low in official trading, weakening by 23% to N1,099 per dollar. Meanwhile, challenges in…
Banks with International Authorization Show Capital Adequacy Ratio Below Regulatory Threshold – Banking Regulator
According to the second-quarter report on financial soundness indicators released by the banking regulator, some banks with international authorization are…
Ghana Revenue Authority Denies Acquiring US$75 Million Loan Amidst Parliamentary Inquiry Calls
The Ghana Revenue Authority (GRA) has strongly refuted claims made by MP Isaac Adongo that it accessed a US$75 million…
Sharp Surge in Dollar Inflow Through CBN: July 2023 Economic Report”
In July 2023, the Central Bank of Nigeria (CBN) witnessed a substantial surge in dollar inflow, marking a notable increase…
OpenAI Rehires Sam Altman as CEO Following Initial Sacking
Introduction:OpenAI, the artificial intelligence research laboratory, has announced an agreement to rehire Sam Altman as CEO, just three days after…
Goodwell Investments Leads $8.5M Series B Round for Zambian Social Enterprise Good Nature Agro
Impact investor Goodwell Investments, in collaboration with Oikocredit and Global Partnerships/Eleos Social Venture Fund (GP SVF), has invested $8.5 million…
Naira Plummets to ₦1,290/$1, Sparks Concerns
The Nigerian Naira has experienced a sharp decline, reaching ₦1,290 to $1 in key markets, including Abuja. This significant drop…
Oasis Capital Ghana Announces Successful Exit from Legacy Girls College
Oasis Capital Ghana, an SME growth equity investor in West Africa, has announced its successful exit from Legacy Girls College…
Export Expansion Grant Backlogs and Bureaucracy Hamper Nigeria’s Revenue Diversification Efforts
The Export Expansion Grant (EEG), Nigeria’s primary incentive scheme for exporters, has faced challenges including corruption allegations and a lack…
Atiku Abubakar to Address President Tinubu’s Academic Records in Press Conference
Atiku Abubakar, the People’s Democratic Party’s presidential candidate, is scheduled to hold a press conference today, where he is expected…