Business Flour Mills declares N763bn revenue Aug 1, 2024 0 Flour Mills of Nigeria Plc reported a 67% increase in revenue, reaching N763.2bn for the first quarter ending June!-->…
Business Cornerstone Insurance upbeat on recapitalisation Aug 1, 2024 0 Cornerstone Insurance Plc is ready for any recapitalisation measures from the National Insurance Commission. !-->!-->!-->…
Business Monthly power subsidy soars by 151% to N211bn Aug 1, 2024 0 The Federal Government's electricity subsidy rose from N252.76bn to N633.30bn in the first quarter of 2024,!-->…
Banking Banks, others shut as hunger protest holds Aug 1, 2024 0 Banks and financial institutions in Nigeria will be closed on Thursday, August 1, 2024, due to a planned hunger!-->…
Business Controversy Surrounds Omolola Oloworaran’s Appointment as Acting PenCom DG Aug 1, 2024 0 The National Pension Commission (PenCom) has announced Omolola Oloworaran as the new Acting Director-General,!-->…
Business Minister orders probe into $300 passport fee allegations at Nigerian Embassy in… Aug 1, 2024 0 Minister of Interior, Olubunmi Tunji-Ojo, announced an investigation into complaints from Nigerians in London!-->…
Banking Banks’ Recapitalisation: Foreign investors moving in — Cardoso Aug 1, 2024 0 The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, announced an increase in foreign!-->…
Stock Stock investors lose N32bn amid selloffs Aug 1, 2024 0 The Nigerian stock market saw another decline on Wednesday, with investors losing N32 billion. The market!-->!-->!-->…
Business African Central Bank Governors to Meet in Abuja, to Discuss Trade and Financial… Aug 1, 2024 0 African Central Bank Governors are gathering in Abuja from August 1-3 to focus on increasing intra-African trade!-->…
Currency Naira Depreciates Further, Exceeds N1,600 to a Dollar Aug 1, 2024 0 The naira has fallen to over N1,600 per US dollar at the official rate, with the dollar closing at N1,608.73 on!-->…
Business Fitch revises Benue outlooks to positive Aug 1, 2024 0 Fitch Ratings has upgraded Benue State’s Long-Term Issuer Default Rating (IDR) outlook from Stable to Positive,!-->…
Business Aminu Umar appointed 1st African director on the board of International Chamber of… Aug 1, 2024 0 Aminu Umar, President of the Nigerian Chamber of Shipping, has been appointed as the first African director on the!-->…
Business Otedola announces support for windfall tax, urges banks to curb private jet… Aug 1, 2024 0 Femi Otedola, Chairman of FBN Holdings, has announced his support for the windfall tax. He highlighted its role in!-->…
Business FCMB Group Plans N110 Billion Capital Raise with New Share Offer Jul 31, 2024 0 FCMB Group announced plans to raise N110 billion by issuing new ordinary shares at N7.30 each on the Nigerian!-->…
Business African Airlines Record 11.8% Growth In Cargo Jul 31, 2024 0 The International Air Transport Association (IATA) reported strong growth in global air cargo demand for June!-->…
Business Seplat Posts N244bn Half Year Pre-Tax Profit Jul 31, 2024 0 Seplat Energy Plc announced a staggering 461% increase in pre-tax profit for the half-year ending June 30, 2024,!-->…
Local Tinubu approves N50,000 monthly stipend for Niger-Delta youths Jul 31, 2024 0 President Bola Tinubu has approved a N50,000 monthly stipend for 10,000 youths in the Niger Delta to ease economic!-->…
Business HSBC records $21.6 billion pre-tax profit in first half 2024 Jul 31, 2024 0 HSBC announced pre-tax profits of $21.6 billion for the first half of 2024, slightly down from last year's record.!-->…
Trade UK’s gain, Nigeria’s pain as nurses migration hits 9-years high Jul 31, 2024 0 Nigerian-trained nurses are increasingly passing their professional exams in Nigeria but submitting their results!-->…
Business Youths’ anger shows up in SIM-NIN validation Jul 31, 2024 0 On Monday, Nigerians protested aggressively against telecom companies that blocked lines not linked to the!-->…
Business Airlines fly lucrative routes as plane shortage lingers Jul 31, 2024 0 Nigerian airlines are adjusting their flight schedules to prioritize busy airports due to a shortage of aircraft.!-->…
Business MTN declares N519bn loss in H1 on inflation, weak naira Jul 31, 2024 0 MTN Nigeria Communications Plc has reported a significant loss after tax of N519.1 billion for the first half of!-->…
Business Bitcoin dips as Mt. Gox moves $8.6 billion ahead of looming payouts to creditors Jul 31, 2024 0 Mt. Gox, the defunct cryptocurrency exchange, recently executed a significant transaction involving over $2!-->…
investment Lagos State Partners with PMI to Boost Project Management Efficiency Jul 31, 2024 0 The Lagos State Government has formalized a partnership with the U.S.-based Project Management Institute (PMI) to!-->…
Business 9mobile customers groan as network is down for over 3 days Jul 31, 2024 0 Customers of 9mobile are experiencing significant frustration due to a prolonged network outage that has affected!-->…
Local Naira falls to 1,621/$ at official market Jul 31, 2024 0 The naira fell to a four-month low on Tuesday, trading at N1621.12/$ at the official window, down from N1611.40/$!-->…
Local FBN Holdings reports half year pre-tax profit of N411.9 billion Jul 31, 2024 0 FBN Holdings reported a record pre-tax profit of N177.79 billion for the second quarter of 2024, an 18.9% increase!-->…
Business Customers besiege banks to reactivate dormant accounts Jul 31, 2024 0 Bank customers have been visiting their banks to reactivate dormant accounts in response to new Central Bank of!-->…
Features The AfCFTA Protocols on Intellectual Property and Patent Protection for Businesses… Jul 30, 2024 0 The African Continental Free Trade Area (AfCFTA) is a landmark initiative aiming to establish a single market for!-->…
Business Morning Bid: Microsoft and job openings to hit pre-Fed vigil Jul 30, 2024 0 This week, U.S. and global markets are focused on several significant events, starting with Microsoft's quarterly!-->…