Stock Global stock markets plunge on US recession fears Aug 6, 2024 0 Global stock markets experienced severe declines on Monday, with Wall Street and Tokyo’s Nikkei seeing significant!-->…
Currency Naira depreciates to N1,600/$ in parallel market Aug 6, 2024 0 On Monday, the Naira weakened in the parallel market, falling to N1,600 per dollar from N1,590 last weekend. !-->!-->!-->…
Business Oil/gas communities send memo to FG, IOCs, NDDC Aug 6, 2024 0 Oil and gas communities in the Niger-Delta have presented a comprehensive agenda to the Federal Government,!-->…
Trade BUA Cement’s pre-tax profit drops by 54% in Q1 Aug 6, 2024 0 BUA Cement’s second-quarter results for 2024 show a significant decline in pre-tax profit, falling by 54%!-->…
Business MTN, Airtel Cut Foreign Debt as Naira Falls Aug 6, 2024 0 Telecommunication giants MTN Nigeria and Airtel Africa have significantly reduced their foreign exchange (FX)!-->…
Business Nigerians experience blackout as national grid collapses again Aug 6, 2024 0 Nigeria's electricity grid collapsed once more on Monday, causing a nationwide blackout. The system failure, which!-->…
Business Businesses reopen as states contain simmering protests Aug 6, 2024 0 On Monday, many businesses in Lagos, including popular markets like Mile 2 and government offices in Alausa and!-->…
Crypto Cryptocurrency Market Faces $900M Loss as Bitcoin Prices Drop Aug 6, 2024 0 In the past 24 hours, the cryptocurrency market experienced $900 million loss, primarily due to the liquidation of!-->…
Local CBN introduces Dutch auction system to tackle forex shortages Aug 5, 2024 0 The Central Bank of Nigeria (CBN) has introduced a Retail Dutch Auction System (DAS) to address the fluctuations!-->…
investment African caucus calls for investments, energy access, to boost AfCFTA Aug 5, 2024 0 The African Caucus, which includes over 50 African Ministers of Finance and Central Bank governors, has urged for!-->…
Business NCC Extends NIN-SIM Verification Deadline Beyond July 31, 2024 Aug 5, 2024 0 The Nigerian Communications Commission (NCC) has instructed telecom operators to extend the NIN-SIM verification!-->…
Finance Bank directors disagree with Otedola, Elumelu on FX windfall tax Aug 5, 2024 0 The Bank Directors Association of Nigeria (BDAN) has expressed disagreement with the views of FBN Holdings!-->…
Business BUA Foods Reports N672.39 Billion Revenue in First Half of 2024 Aug 5, 2024 0 BUA Foods Plc reported N672.39 billion in revenue for the first half of the financial year ending June 30, 2024,!-->…
Agriculture Civil servants will receive first batch sale of 50kg rice for N40,000, says FG Aug 5, 2024 0 The Federal Government announced that the initial sale of 50 kg bags of rice at N40,000 will first be directed to!-->…
Local Exchange rate for customs duties collection rises to N1,618/$ Aug 5, 2024 0 The exchange rate for the Nigeria Customs Service (NCS) duties collection has increased to N1618.73/$, up from the!-->…
Business Dangote Refinery: Civil Societies to Monitor Crude Sales Compliance by NNPCL Aug 5, 2024 0 A coalition of 28 Civil Society Organizations (CSOs) announced plans to set up a situation room to monitor the!-->…
Energy Dangote diesel sulphur triggers concern, marketers fault rejection report Aug 5, 2024 0 Reports allege that diesel produced by the $20bn Dangote Petroleum Refinery contains high levels of sulphur. !-->!-->!-->…
Business Public debt stock may hit N130tn by Dec – Report Aug 5, 2024 0 Nigeria's public debt is projected to reach N130tn by the end of 2024, with a debt-to-GDP ratio of 55% and!-->…
Opinion Effective Communication, a Necessity in Addressing National Protests – 8… Aug 3, 2024 0 The ongoing protests in Nigeria have highlighted a significant issue: the lack of coordinated communication from!-->…
Energy Dangote refinery to gulp N1.7tn crude monthly – Report Aug 2, 2024 0 President Bola Tinubu has mandated the Nigerian National Petroleum Company (NNPC) to sell crude oil to the Dangote!-->…
Banking UBA emerges most visited Nigerian banking website Aug 2, 2024 0 United Bank for Africa (UBA) has been named the most visited banking website in Nigeria, with 2.36 million visits!-->…
Business FG non-oil savings rise by N4tn – NBS Aug 2, 2024 0 The Federal Government’s savings in its non-oil excess account increased by 304.1% in the first year of President!-->…
Business AfDB okays $500m fresh loan for Nigeria Aug 2, 2024 0 The African Development Bank Group has approved a $500 million loan to the Federal Government of Nigeria to!-->…
Business Nigerian shipowner names ICS board director Aug 2, 2024 0 The International Chamber of Shipping (ICS) has appointed Mr. Aminu Umar, President of the Nigerian Chamber of!-->…
Commodities FCCPC accuses Coca Cola Nigeria of misleading trade description, unfair marketing… Aug 2, 2024 0 The Federal Competition and Consumer Protection Commission (FCCPC) has accused Coca-Cola Nigeria Ltd and the!-->…
Business Protests: Max Air temporarily suspends operations Aug 2, 2024 0 Max Air has temporarily suspended its operations on August 2, 2024, due to nationwide protests. In a!-->!-->!-->!-->!-->!-->!-->…
Business Karu LG enforces 6 p.m. to 6 a.m. curfew amid protests Aug 2, 2024 0 In response to escalating violence during the nationwide protests, the Karu Local Government Council in Nasarawa!-->…
Business Access Bank revamps digital loan platform, disburses N740bn in seven years Aug 2, 2024 0 Access Bank has updated its digital loan platform, QuickBucks, to enhance lending services for Nigerian consumers.!-->…
Business Nigeria’s foreign investments rising on proposed bank recapitalisation -Cardoso Aug 2, 2024 0 Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), attributes the recent rise in foreign investments!-->…
Business FG to spend $7.2bn on two deep seaport projects Aug 1, 2024 0 The Federal Government is planning to spend $7.2 billion to complete two deep seaports in Ibom and Badagry. !-->!-->!-->…