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Ekemini Uba 4404 posts 0 comments

World

Commodities fall, stocks nervy ahead of Fed, BOJ rate decisions

Jul 30, 2024 0
Oil prices fell to their lowest since early June, with Brent crude dropping to $79.34 per barrel as concerns about…
Local

Merck cuts annual profit forecast

Jul 30, 2024 0
Merck & Co has revised its full-year earnings forecast downward to $7.94 to $8.04 per share, from the previous…
Local

Zenith Bank Finalises Plans For N290bn Rights Issue, Public Offer

Jul 30, 2024 0
Zenith Bank Plc is set to raise a substantial N290 billion through a combined Rights Issue and Public Offer. This…
Business

Why CBN Wants To Take Over Dormant Account Balances From Banks

Jul 30, 2024 0
The Central Bank of Nigeria (CBN) has introduced new guidelines to manage dormant accounts and unclaimed funds in…
Business

Customs declares N2.74trn H1 revenue, surpasses target by 8%

Jul 30, 2024 0
The Nigeria Customs Service (NCS) collected N2.74 trillion in the first half of 2024, surpassing its target of…
Local

NAMA Halts Increase in Airline Fees to Ease Economic Strain

Jul 30, 2024 0
The Nigerian Airspace Management Agency (NAMA) has stopped its plan to raise navigational charges for airlines.…
Energy

Nigeria’s spending on jet fuel importation falls 87% to N31bn

Jul 30, 2024 0
Nigeria's spending on jet fuel fell sharply by 87% in the first quarter of 2024, dropping to N31 billion from…
Business

SEC approves extension of Fidelity Bank offer by 14 days

Jul 30, 2024 0
The Securities and Exchange Commission (SEC) has allowed Fidelity Bank to extend its Public Offer and Rights Issue…
Business

Nigerians risk layoff as top UK aid supplier faces collapse

Jul 30, 2024 0
Crown Agents, a long-established UK development contractor, is facing collapse due to severe financial issues.…
Business

Naira crude sale ends 20-year-old opaque supply market

Jul 30, 2024 0
The Nigerian government will start selling crude oil in naira to local refineries like Dangote's, ending a…
Local

Nestle’s woes continue as pre-tax loss hit N252.5 billion in 2024 half-year  

Jul 30, 2024 0
Nestle Nigeria reported a net loss of N176.9 billion for the first half of 2024, a sharp increase from the N49…
Business

NAMA Suspends Planned 800% Hike In Navigation Charges For Airlines

Jul 30, 2024 0
The Nigerian Airspace Management Agency (NAMA) has suspended its planned 800% increase in aircraft navigational…
Business

Power sector strained as Togo, Benin, others owe Nigeria $14.19m for electricity…

Jul 29, 2024 0
The Nigerian Electricity Regulatory Commission (NERC) reported that none of the four international bilateral…
Fintech

Competition toughens as 9Mobile gets new owner

Jul 29, 2024 0
9Mobile has faced significant challenges since Etisalat Abu Dhabi exited the Nigerian market in 2017 over a $1.2…
Local

Netflix, Google, Microsoft increase naira prices on inflation

Jul 29, 2024 0
Due to escalating inflation and the devaluation of the naira, major technology firms like Netflix, Google, DSTV,…
Business

Morocco, SA, Egypt dwarf Nigeria’s $210m auto industry

Jul 29, 2024 0
Nigeria's $210 million automotive industry lags behind peers such as Morocco, South Africa, and Egypt due to low…
Local

Ecobank Ordered to Pay Over N1 Billion to Former Oceanic Bank Employees

Jul 29, 2024 0
The National Industrial Court in Lagos has mandated Ecobank Nigeria Limited to pay N1,086,611,589.11 to 1,742…
Commodities

Fuel Rises To N1,300/Litre As Depots Run Dry

Jul 29, 2024 0
Fuel scarcity has hit Nigeria hard, causing long queues at petrol stations in major cities like Lagos, Ogun,…
Business

Oil Producing Communities Threaten To Shut Down All Pipeline Facilities Over…

Jul 29, 2024 0
The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has issued a warning that it will renew agitation…
Business

Fitch: Inflation Has Peaked in Nigeria, Will Moderate Below 25% By Year-end

Jul 29, 2024 0
Fitch Solutions has projected that Nigeria’s high inflation, which reached 34.19% in June, has peaked and will…
Business

BVN Enrolments Surge by 854,267 to 62.7m in Two Months

Jul 29, 2024 0
Bank Verification Number (BVN) registrations in Nigeria have risen to 62.7 million as of July 2024, up from 61.87…
Business

Stock Market Down N1.3tn WoW as Investors Migrate to Fixed Income Market

Jul 29, 2024 0
Following the Central Bank of Nigeria's (CBN) increase in the Monetary Policy Rate (MPR) to 26.75%, the Nigerian…
Business

It’s game, set and match — ALIKO DANGOTE

Jul 27, 2024 0
Dr. Reuben Abati has called for President Tinubu to intervene in the conflict between the Nigerian Midstream and…
Business

Dangote Refinery: Midstream, Downstream Regulatory Authority Giving Tinubu Bad…

Jul 27, 2024 0
Aliko Dangote, Africa’s richest man, is widely recognized and respected across the continent. Over the past three…
Currency

Naira Depreciates To N1,610/$ In Parallel Market

Jul 27, 2024 0
The Nigerian Naira experienced a significant depreciation on Friday, dropping to N1,610 per dollar in the parallel…
Local

Barry Diller says Paramount pursuit ‘might be over’ for IAC, CNBC…

Jul 26, 2024 0
Billionaire Barry Diller announced that his digital-media company, IAC, is no longer pursuing the acquisition of…
Local

Nasdaq futures jump as megacaps recover; inflation data in focus

Jul 26, 2024 0
Nasdaq futures jumped 1% on Friday, driven by a rebound in megacap tech and chip stocks. Major tech companies…
Business

Dangote/NNPC Rift: Nigeria’s Petrol Import From Malta Jumps 43 Times To $2.08bn

Jul 26, 2024 0
Nigeria's importation of petroleum from Malta soared to $2.08 billion in 2023, a 43-fold increase. According to a…
Banking

FCMB Lifts Female Entrepreneurs With Zero-Interest Loans

Jul 26, 2024 0
The First City Monument Bank (FCMB) is addressing gender inequality in Nigeria’s business sector with its…
Business

Expert faults NBS for omitting Marine, Blue economy data

Jul 26, 2024 0
Dr. Muda Yusuf, CEO of the Centre for the Promotion of Public Enterprise, criticized the National Bureau of…
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Nigeria Sees $6.44bn Capital Inflows in Q4 2025 as Investor…

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NIGERIA

Business

NNPC/Seplat JV Transforms Lives with ‘Eye Can See’ Free Eye Care Programme in Imo

Mar 27, 2026
Energy

Nigeria’s Power Sector Reforms Attract $2 Billion Investment, Liabilities Slashed to N146 Billion

Mar 27, 2026
Finance

CBN Cuts Treasury Bill Rates as Investors Flood Market with N2.7 Trillion Subscriptions

Mar 27, 2026
investment

Nigeria’s Capital Market Key to Closing $100 Billion Infrastructure Gap, Says SEC

Mar 27, 2026
Prev Next 1 of 3,039

World

Saudi warns of $50 oil if OPEC+ fails to honour cut deal

Oct 3, 2024

Walz, Vance clash at policy-heavy vice presidential debate

Oct 2, 2024

Refugees Contribute $124b To U.S. Economy

Oct 2, 2024
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