Business Money market funds grow by 14% in 5 months Jun 14, 2024 0 In the first five months of 2024, Nigeria's money market funds saw a significant increase of 14%, driven by!-->…
Africa Food & Beverage West Africa Show Declared a Huge Success with Over 5,000… Jun 14, 2024 0 The Food & Beverage West Africa Show, organized by BtoB Event, has been deemed a significant success with a!-->…
Business Shelter Afrique Set to Transform into Dynamic Development Bank at 43rd Annual… Jun 14, 2024 0 Shelter Afrique Development Bank is set to undergo a significant transformation during its 43rd Annual General!-->…
Business Aiteo-Nembe Dispute Threatens Nigeria’s Oil Production Jun 13, 2024 0 Nigeria's daily crude oil production, which currently stands at 1.5 million barrels per day, is at risk of!-->…
Business Company Income Tax Reduced By 12% In Q1 Jun 13, 2024 0 Nigeria's Company Income Tax (CIT) revenue fell to N984.6 billion in the first quarter of 2024, marking a 12.87!-->…
Business South African pay-TV group MultiChoice slides into annual loss Jun 13, 2024 0 South African pay television company, MultiChoice Group, reported a pre-tax loss of $38 million for the financial!-->…
Business Micro pension records mixed fortune as contributions decline Jun 13, 2024 0 Despite a rise in the number of contributors to the micro pension fund, informal sector workers are reducing their!-->…
Banking Sterling Bank partners SPPG for credential verification via blockchain tech Jun 13, 2024 0 Sterling Bank has partnered with the School of Politics, Policy, and Governance (SPPG) to transform the!-->…
Banking FG Seeks $500M World Bank Loan for Rural Roads and Agricultural Marketing… Jun 13, 2024 0 The Federal Government of Nigeria is pursuing a $500 million loan from the World Bank to enhance rural roads and!-->…
Technology Bitwise Predicts AI and Crypto Industries Could Add $20 Trillion to Global GDP by… Jun 13, 2024 0 Bitwise Asset Management, a prominent investor in Bitcoin Exchange Traded Funds (ETF), has projected that the!-->…
Commodities We secured about $5.5 billion in bank loans to build Dangote Refinery – Aliko… Jun 13, 2024 0 Africa’s richest individual, Aliko Dangote, disclosed that his company secured approximately $5.5 billion in bank!-->…
Business Banking sector remains safe, CIBN assures customers Jun 13, 2024 0 The Chartered Institute of Bankers of Nigeria (CIBN) has reassured bank customers of the stability and security of!-->…
Banking 16 Directors Exit After Ex-Governor’s Misconduct Probe Jun 13, 2024 0 Sixteen out of twenty-nine directors at the Central Bank of Nigeria (CBN) have been relieved of their duties,!-->…
Business Nigeria’s Oil Production Slumps To 1.25m Bpd In May Jun 12, 2024 0 Nigeria’s oil production saw a downturn in May, decreasing to 1.25 million barrels per day (mbpd) from 1.28 mbpd!-->…
Energy Court Stops DisCos, NERC From Hiking Electricity Tariff Jun 12, 2024 0 A high court in Lagos has issued an interim order preventing ten electricity distribution companies (DisCos) and!-->…
Business Company Income Tax Dips N135.4bn, VAT Grows N230bn In Q1 Jun 12, 2024 0 Nigeria's Company Income Tax (CIT) has seen a significant decline, dropping to N984.61 billion in the first!-->…
Business Uncertainty Clouds Nigeria’s Eurobond Plans Jun 12, 2024 0 Nigeria’s plans to issue Eurobonds this year, a key strategy to strengthen government finances, are facing!-->…
Local Full text of President Bola Tinubu’s Democracy Day speech, June 12, 2024 Jun 12, 2024 0 TEXT OF PRESIDENT BOLA TINUBU’S NATIONAL BROADCAST ON THE 25TH ANNIVERSARY OF UNBROKEN DEMOCRACY IN NIGERIA,!-->…
Business Tolaram Splashes Over N100bn For Diageo’s 58.02% Stake In Guinness Jun 12, 2024 0 Tolaram, a Singapore-based holding company, is set to acquire Diageo’s 58.02 percent stake in Guinness Nigeria for!-->…
Business Price war on London route takes off as foreign airlines slash fares Jun 12, 2024 0 Competition on the popular Lagos-London route has intensified, with foreign airlines significantly reducing fares.!-->…
Business I Was Warned Against Building Refinery — Dangote Jun 10, 2024 0 Aliko Dangote, the Nigerian billionaire behind the Dangote Group, recently spoke about the challenges of!-->…
Business Tinubu Approves New Leadership For National Council On Climate Change Jun 10, 2024 0 President Bola Tinubu has appointed Dr. Nkiruka Maduekwe as the interim Director-General/Chief Executive Officer!-->…
Business Dangote Inaugurates CKD Truck Assembly Plant In Lagos Jun 10, 2024 0 Dangote Sinotruk West Africa inaugurated a completely knocked down (CKD) truck assembly plant in Ikeja, Lagos!-->…
Business Sacked CBN Employees Seek Reinstatement Jun 10, 2024 0 A group of recently dismissed employees from the Central Bank of Nigeria (CBN) is challenging the manner of their!-->…
Local Zenith Bank Appoints Adaora Umeoji as First Female GMD/CEO Jun 10, 2024 0 Zenith Bank Plc, a leader in Nigeria's banking sector, has appointed Adaora Umeoji as its new Group Managing!-->…
investment Saudi Aramco Share Sale Attracts Strong Demand, Raises Over $11 Billion Jun 7, 2024 0 Saudi Arabia successfully sold shares in oil giant Aramco, raising over $11.2 billion. The sale, priced towards!-->…
Business Samsung Electronics union in South Korea stages first walkout Jun 7, 2024 0 Samsung Electronics' workers' union staged the company's first-ever strike on Friday, demanding higher wages.!-->…
Business Banks say growing reliance on Big Tech for AI carries new risks Jun 7, 2024 0 The rise of artificial intelligence (AI) in banking is a double-edged sword, according to European banking!-->…
Business Americans are getting pickier, but they are still spending on hot items Jun 7, 2024 0 Investors are analyzing US credit card spending data to understand which retailers are likely to perform well this!-->…
Business China’s exports rise solidly, but slower imports temper outlook Jun 7, 2024 0 China's exports grew for a second consecutive month in May, offering a glimmer of hope for the country's economic!-->…