Banking FCMB Group records 186% profit growth May 2, 2024 0 FCMB Group Plc has announced a remarkable increase in profit before tax, reaching N104.4 billion, marking a!-->…
Local Banks close 2m accounts over BVN, NIN, others May 2, 2024 0 Commercial banks in Nigeria closed more than 2 million bank accounts in the first quarter of 2024 to adhere to!-->…
Finance Pension Fund Managers Increase Stock Investments to N550 bn May 2, 2024 0 In the first three months of 2024, pension fund managers in Nigeria purchased Nigerian stocks worth N550 billion,!-->…
Business Coastal Highway: FG pays N2.75bn compensation for demolished properties May 2, 2024 0 During a meeting at Eko Hotel and Suites in Lagos, David Umahi, the Minister of Works, announced that the Nigerian!-->…
Local Uganda secures $295m loan from Islamic Development Bank for projects Apr 30, 2024 0 Uganda has recently finalized a deal with the Islamic Development Bank (IDB) in Saudi Arabia, obtaining a loan of!-->…
Business Musk dismisses two senior Tesla executives, plans further layoffs Apr 30, 2024 0 Elon Musk, the CEO of Tesla, has removed two senior executives from their positions and intends to lay off!-->…
Business Quinn, architect of HSBC’s sweeping overhaul, announces surprise exit Apr 30, 2024 0 HSBC, a global banking giant, announced the retirement of its Chief Executive, Noel Quinn, after five years of!-->…
World Mercedes-Benz stands firm against discounting, despite Q1 loss Apr 30, 2024 0 Despite the challenges, Mercedes-Benz expects improved sales volumes in the second quarter, with a focus on!-->…
Business IMF’s $1.1 bln tranche to help Pakistan’s economic stability, says PM… Apr 30, 2024 0 Sharif emphasized the importance of the standby arrangement in safeguarding Pakistan from defaulting on its!-->…
Local MTN records N575.69 Pre-Tax Loss in Q1 despite revenue growth Apr 30, 2024 0 MTN Nigeria Communications Plc has reported a loss after tax of N392.7 billion for the first quarter of 2024,!-->…
Local Court Grants EFCC Interim Order to Freeze 1,146 Bank Accounts Apr 30, 2024 0 The EFCC alleges that the frozen accounts are connected to individuals utilizing virtual cryptocurrency exchanges!-->…
Business FG initiates 2024 oil bid rounds, offers 12 oil blocks to investors Apr 30, 2024 0 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2024 oil bid!-->…
Business NERC deregulates meter prices, allows DisCos and manufacturers set prices Apr 30, 2024 0 The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of meter prices under the!-->…
Business FMDQ Group Appoints CBN Deputy Governor Muhammad Sani Abdullahi as New Chairman Apr 30, 2024 0 FMDQ Group has named Muhammad Sani Abdullahi, the Deputy Governor of the Economic Policy Directorate at the!-->…
Local FG recovers N57 Billion in tax Liabilities from MDAs Apr 26, 2024 0 At a sensitization workshop on the Federal Government Debt Recovery Drive through Project Lighthouse Programme in!-->…
Local Tanzania shuts down Hydroelectric stations to manage excess electricity Apr 26, 2024 0 Tanzania's Prime Minister, Kassim Majaliwa, announced the closure of five hydroelectric stations to address excess!-->…
Local Dana Air suspension raises controversy in Aviation industry Apr 26, 2024 0 The suspension of Dana Air's operations following a runway incident on its Abuja-Lagos flight has stirred!-->…
Local ARCON warns against security-threatening content Apr 26, 2024 0 The Advertising Regulatory Council of Nigeria (ARCON) has issued a caution to advertising agencies regarding the!-->…
Local Capital releases for 2024 fiscal year to commence in May Apr 26, 2024 0 The Accountant General of the Federation, Mrs. Oluwatoyin Madein, announced that capital releases for the 2024!-->…
Local SMEDAN to empower women-led businesses Apr 26, 2024 0 The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has introduced the "SMEDAN Speed Pitch", a!-->…
Local NAISU set to kick off, focused on reviving economy Apr 26, 2024 0 The inaugural Nigeria Auto Industry Summit (NAISU), organized by the Nigeria Auto Journalists Association (NAJA)!-->…
Technology Huawei unveils vision for tech growth in Africa Apr 26, 2024 0 Huawei has showcased its latest advancements towards ushering in the intelligent era with the theme "Unleash Data!-->…
Business US seeks 36 months’ jail for Binance founder Zhao Apr 24, 2024 0 U.S. prosecutors have recommended a 36-month prison sentence for Changpeng Zhao, the founder of Binance, the!-->…
Business UBA, Access, and FBN lead banks in electronic banking revenue increase Apr 24, 2024 0 United Bank for Africa (UBA) Plc, Access Holdings Plc, and FBN Holdings Plc emerged as the top earners in!-->…
Banking Wale Bolorunduro appointed as new Chairman of LivingTrust Mortgage bank Apr 24, 2024 0 LivingTrust Mortgage Bank, a Nigerian financial company, has named Wale Bolorunduro as its new chairman, starting!-->…
Local Transcorp Power welcomes Tuedor-Matthews, Odita as directors Apr 24, 2024 0 Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has named Faith!-->…
Business Leadway Pensure reposts 25% growth in revenue Apr 24, 2024 0 Leadway Pensure, a pension fund administrator in Nigeria, has wrapped up the 2023 financial year with impressive!-->…
World Taiwan happy with US aid package, China objects to arms sales Apr 24, 2024 0 Taiwan's President Tsai Ing-wen expressed happiness over the U.S. Congress passing a significant foreign aid!-->…
Business U.S. senate votes to ban TikTok if chinese owner doesn’t sell in 9 months Apr 24, 2024 0 The U.S. Senate has overwhelmingly passed a bill to ban TikTok in the United States if its Chinese owner,!-->…
World Indonesia cenbank says China’s Alipay+ yet to request permit Apr 24, 2024 0 Filianingsih Hendarta, deputy governor of Indonesia's central bank, announced on Wednesday that Chinese firm Ant!-->…