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Ekemini Uba 4451 posts 0 comments

Stock

NEM’s shareholders approve N3.0bn dividend

Jul 8, 2024 0
At the Annual General Meeting, shareholders of NEM Insurance Plc approved a N3 billion dividend for the fiscal…
Banking

Access Holdings’ N351bn Rights Issue opens for subscription

Jul 8, 2024 0
Access Holdings Plc has announced the commencement of its N351 billion Rights Issue, part of a larger Capital…
Business

Why CBN insists on another recapitalisation — Cardoso

Jul 8, 2024 0
The Central Bank of Nigeria (CBN) emphasized that further bank capitalisation is crucial for the nation's economic…
investment

Foreign investments in manufacturing down 57.4% to N192bn in Q1’24

Jul 8, 2024 0
The harsh business environment in Nigeria led to a 57.36% decline in foreign investments in the manufacturing…
Business

Brewing industry choking over high cost of raw materials

Jul 8, 2024 0
The Nigerian brewery industry is grappling with severe cost pressures as prices for local raw materials such as…
Business

Only 1.3% Of Informal Businesses Make N2.5m Profit – Report

Jul 8, 2024 0
The 2024 Informal Economy Report, compiled by Moniepoint, reveals that a mere 1.3% of Nigerian informal businesses…
Business

FG Exempts GenCos, DisCos, Others From Withholding Tax

Jul 8, 2024 0
The federal government has exempted all electricity companies, including Generation and Distribution Companies…
Banking

Banks’ weekly borrowing from CBN jumps to N5.38trn on liquidity demand

Jul 8, 2024 0
The recent data from the Central Bank of Nigeria (CBN) reveals a significant increase in borrowing by Deposit…
Local

Oil slips as Gaza talks ease supply disruption woes; Hurricane Beryl in focus

Jul 8, 2024 0
Oil prices dropped on Monday after four weeks of gains due to potential progress in Gaza ceasefire talks, reducing…
Local

US, Australia commit to better Pacific banking as China influence grows

Jul 8, 2024 0
U.S. and Australian officials reaffirmed their commitment to improving financial connectivity in the Pacific as…
Local

Boeing to plead guilty to fraud in US probe of fatal 737 MAX crashes

Jul 8, 2024 0
Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a $243.6 million fine to settle a…
Local

FG Increases Rate Of Mining Licences

Jul 5, 2024 0
The Ministry of Solid Minerals Development has introduced new rates for mining licenses to enhance ease of doing…
Local

MTN Renovates School In Lagos

Jul 5, 2024 0
MTN has renovated Iwerekun Community High School in Lagos, demonstrating its commitment to improving learning…
Currency

Exchange rate gap closes as dollar trades at N1,520.24 at official market

Jul 5, 2024 0
On Thursday, the naira/dollar exchange rate reached N1,520 in both the official and parallel markets. This rare…
Local

NCAA Suspends Permits of 10 Private Jet Operators Over Recertification Issues

Jul 5, 2024 0
The Nigeria Civil Aviation Authority (NCAA) has suspended the Permit for Non-Commercial Flights (PNCF) of 10…
Business

Tinubu targets production of 2million bpd oil, 6GW electricity, 135m tonnes food

Jul 5, 2024 0
On Thursday, President Tinubu announced a N2 trillion economic stabilization package alongside the National…
Business

NHIA increases health insurance capitation by 60%, implements 40% fee for service…

Jul 5, 2024 0
The National Health Insurance Authority (NHIA) has announced substantial tariff adjustments, including a 60%…
Business

New UK Leader: British pound shows strength against naira and U.S dollar

Jul 5, 2024 0
Keir Starmer’s centre-left Labour Party secured a substantial majority in the UK general election, providing…
Local

FG Inaugurates 12 New CNG Stations in Lagos, Abuja

Jul 5, 2024 0
The federal government and the Nigeria National Petroleum Corporation (NNPC) have inaugurated twelve new…
Business

Band A customers: NLC demands new tariff hike reversal

Jul 5, 2024 0
The Nigeria Labour Congress (NLC) has criticized the recent increase in electricity tariffs for Band A customers…
Business

NNPC disagrees as report puts petrol debt at $6bn

Jul 5, 2024 0
Nigeria's state-owned Nigerian National Petroleum Company Limited (NNPC) is facing a mounting debt crisis in its…
Business

SEC approves Chiemeka’s appointment as NGX CEO

Jul 5, 2024 0
Jude Chiemeka has been officially appointed as the Chief Executive Officer of the Nigerian Exchange Limited (NGX),…
Banking

Union Bank promotes 337 employees

Jul 5, 2024 0
Union Bank of Nigeria has announced the promotion of 337 employees across its various departments. The bank's…
Business

China’s BYD opens EV factory in Thailand, first in Southeast Asia

Jul 4, 2024 0
China's leading electric vehicle (EV) manufacturer, BYD (002594.SZ), has inaugurated its first Southeast Asian…
Business

Access Holdings Kicks Off N351bn Capital Raising

Jul 4, 2024 0
Access Holdings Plc is set to raise a whopping N351 billion through a Rights Issue for its existing shareholders.…
Energy

DisCos further raise Band A electricity tariff, blame operating costs

Jul 4, 2024 0
Electricity Distribution Companies (DisCos) in Nigeria have approved another tariff hike for Band A consumers due…
Business

Senate to receive ‘N6.6trn’ supplementary budget next week

Jul 4, 2024 0
The Senate Committee on Public Affairs, led by Yemi Adaramodu, is set to review a supplementary budget of around…
Business

FG up to date on debt payments, $700m paid, says Edun

Jul 4, 2024 0
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, announced that the federal…
Local

NCDMB won’t register oil service providers without capacity – ES

Jul 4, 2024 0
The Nigerian Content Development and Monitoring Board (NCDMB) has announced stricter measures for approving oil…
Business

Labour, private sector protest as Discos hike tariff again

Jul 4, 2024 0
The Nigeria Labour Congress, Trade Union Congress, and Organised Private Sector have criticized the recent hike in…
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NIGERIA

Business

Wale Edun Urges Mobilisation of Domestic Capital to Boost Nigeria’s Growth and Reduce Poverty

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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

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Oct 2, 2024
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