Business U.S. Announces $176 Million in Additional Aid for West Africa May 30, 2024 0 The United States Agency for International Development (USAID) announced nearly $176 million in additional!-->…
Business Elon Musk reclaims title of world’s richest person with $209bn net worth May 30, 2024 0 Elon Musk reclaimed the title of the world's richest person thanks to his new AI startup, xAI. The company's $6!-->…
Business Shell, others pay NDDC $142m in one year May 30, 2024 0 Shell Petroleum Development of Nigeria (SPDC) and Shell Nigeria Exploration and Production Company (SNEPCo)!-->…
Business Airspace management agency seeks reversal of 50% revenue deduction May 30, 2024 0 The Nigerian Airspace Management Agency (NAMA) is facing financial difficulties due to a 50% reduction in their!-->…
Business Dash for debt sees 64% surge in naira loan apps May 30, 2024 0 The number of digital lenders in Nigeria has skyrocketed by 64% in the past year. This surge reflects Nigerians'!-->…
Business Aigboje Aig-Imoukhuede Wins African Banker Lifetime Achievement Award May 30, 2024 0 Nigerian banking leader Aigboje Aig-Imoukhuede has been awarded the prestigious African Banker Lifetime!-->…
Business Court gives GTB nod to seize Afex over N17.8b Anchor Borrowers’ Loan May 30, 2024 0 Guaranty Trust Bank (GTBank) has secured a court order to freeze the assets of Afex Commodities Exchange Limited!-->…
Currency Naira appreciates to N1,375/$ in parallel market May 30, 2024 0 Nigeria's Naira showed mixed performance on Wednesday, appreciating slightly on the black market but depreciating!-->…
Business Investment Tribunal Settles Over N1 Trillion in Capital Market Disputes May 30, 2024 0 The Investment and Securities Tribunal (IST) has played a key role in fostering investor confidence in the!-->…
Business Nigeria’s E-commerce Boom Expected to Hit $14.92 Billion by 2029 May 30, 2024 0 Nigeria's e-commerce market is expected to experience significant growth in the coming years, with a projected!-->…
Business New Export Policy Requires “Nigeria Export Proceeds” Form for NPA… May 30, 2024 0 The Nigerian Ports Authority (NPA) is implementing a new policy requiring exporters to fill out a "Nigeria Export!-->…
Business NGX retail transactions dip by 54.89% – Report May 28, 2024 0 Retail transactions on the Nigerian Exchange Limited (NGX) saw a significant drop of 54.89%, falling to N100.77!-->…
Business World Bank Disburses $250,000 US Dollars To 10 Vulnerable Nasarawa Communities May 28, 2024 0 The World Bank, through its Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) program, has disbursed a!-->…
Business FBN Holdings Shareholders To Share N14.3bn Dividend For FY 2023 May 28, 2024 0 FBN Holdings Plc. announced strong financial performance for the year ending December 2023. The company reported a!-->…
Business Transcorp Boss Calls for Full Power Sector Privatization, Debt Resolution May 28, 2024 0 Tony Elumelu, chairman of Transcorp Plc., urged the Nigerian government to fully privatize the power sector to!-->…
Banking Zenith Bank’s CEO Retains “Best Banking CEO in Africa” Title for… May 28, 2024 0 Dr. Ebenezer Onyeagwu, Group Managing Director/Chief Executive Officer of Zenith Bank Plc, has been recognized as!-->…
Banking BoI extends application for RAPID fund for MSMEs May 28, 2024 0 The Bank of Industry (BOI) has extended the application deadline for its Rural Area Program for Investment and!-->…
Business Sacked Turkish Airlines staff not involved in ticket racketeering — Union May 28, 2024 0 The National Union of Air Transport Employees (NUATE) has strongly contested the reasons given by Turkish Airlines!-->…
Business Naira Crisis Drives Nigerians to Locally-Used Cars May 28, 2024 0 Soaring prices of imported vehicles are pushing Nigerian car buyers towards locally-used alternatives. The!-->…
Commodities Oil GDP slows to 5.7% as production problems linger May 28, 2024 0 Nigeria's oil sector, a critical source of government revenue and foreign exchange, is experiencing a significant!-->…
Local Nigeria Labor Congress to Present Revised Minimum Wage Proposal May 28, 2024 0 The Nigeria Labour Congress (NLC) is expected to present a new proposal for a minimum wage increase at a meeting!-->…
Business Shares nudge higher as US, EU inflation data loom May 27, 2024 0 World stock markets edged higher on Monday as investors awaited key inflation data releases this week. This data!-->…
Business Dollar firm ahead of global inflation data May 27, 2024 0 The U.S. dollar remained stable on Monday but is poised for its first monthly decline this year. Investors are!-->…
Business Stellantis to announce Italy-produced hybrid version of 500 EV, sources say May 27, 2024 0 Fiat's owner, Stellantis, is set to unveil a hybrid version of its popular 500e electric car. Production of this!-->…
Technology Musk’s AI Company xAI Secures $6 Billion, Aims to Challenge OpenAI May 27, 2024 0 Elon Musk's artificial intelligence startup, xAI, has secured a massive $6 billion investment, propelling its!-->…
Banking UBA appoints Emmanuel Nnorom as non-executive director May 27, 2024 0 The United Bank for Africa (UBA) has appointed Emmanuel Nnorom as a new non-executive director to its board.!-->…
Commodities Brewers post N170bn loss on weaker naira, rate hikes May 27, 2024 0 Nigeria's major brewers face financial difficulties after a combined loss of N169.7 billion in the first quarter!-->…
Energy TotalEnergies Snubs Nigeria Again, Invests $600 Million in Congo’s Oil… May 27, 2024 0 French oil giant TotalEnergies has passed over Nigeria for a second time, opting to invest $600 million in the!-->…
Commodities Royal Electronics launches new products in Nigeria May 27, 2024 0 Royal Electronics is bringing a wave of innovation to Nigerian homes with the launch of five new product!-->…
Business Telecom Investments Pay Off: Data Revenues Soar in Nigeria May 27, 2024 0 Nigeria's telecommunications industry is reaping the rewards of significant investments in network infrastructure.!-->…