Business Glo @ 21: Braving the odds to grow Nigeria’s economy Aug 21, 2024 0 Globacom, the Nigerian telecommunications giant founded by Chief Mike Adenuga, is celebrating 21 years of!-->…
Business Nigeria opens subscription for five-year domestic dollar bond at 9.75% Aug 20, 2024 0 The Nigerian government is set to raise $500 million through a domestic dollar bond at a 9.75% annual yield. This!-->…
Business Equites Opens Week With N750bn Dip Aug 20, 2024 0 The Nigerian equities market experienced a significant loss of N750 billion due to sell pressures on major stocks!-->…
Market European stocks dip lower as market uncertainty lingers; Sweden’s Riksbank cuts… Aug 20, 2024 0 European stocks declined on Tuesday afternoon, with the Stoxx 600 index down 0.29% as market uncertainty over!-->…
Local Nigeria-Germany trade volume hit $3bn in 2023 – Official Aug 20, 2024 0 The Consulate-General of Germany in Lagos, Weert Borner, announced that trade between Nigeria and Germany reached!-->…
Trade FX turnover crashes by 21% in first two weeks of August amid CBN’s Retail Dutch… Aug 20, 2024 0 The Nigerian official foreign exchange (FX) market saw a significant decline in turnover during the first two!-->…
Currency CBN unveils new exchange rates for pound, euro as naira settles at N1,579.22/$1 Aug 20, 2024 0 The Central Bank of Nigeria (CBN) announced revised foreign exchange rates, showing slight declines in the naira's!-->…
Business Why govt is still subsidising electricity, by Adelabu Aug 20, 2024 0 Minister of Power, Chief Adebayo Adelabu, revealed that the Nigerian government heavily subsidizes electricity, as!-->…
Business NNPC Pledges 221,000bpd To Repay $5.5bn Loans Aug 20, 2024 0 The Nigerian National Petroleum Company (NNPC) Limited has pledged 221,000 barrels per day (bpd) of crude oil to!-->…
Business FG to commence naira crude oil sales to Dangote refinery October 1 Aug 20, 2024 0 The Nigerian Federal Government will begin selling crude oil to the Dangote Refinery in naira starting October 1,!-->…
Business Amidst fuel crisis, NNPC Retail cedes total control to OVH Aug 20, 2024 0 The ownership of NNPC Retail, the downstream arm of the Nigerian National Petroleum Company Limited (NNPC), has!-->…
Business NNPC battles deepening fuel scarcity, black market booms Aug 19, 2024 0 The Nigerian National Petroleum Company Limited (NNPC) promised to resolve the ongoing petrol scarcity by!-->…
Energy MTN, others get permits to generate electricity Aug 19, 2024 0 The Nigerian Electricity Regulatory Commission (NERC) has issued nine new off-grid generation licenses in the!-->…
Business FG shifts N150bn loan disbursement for manufacturers to September Aug 19, 2024 0 The Federal Government has delayed the start of a N150 billion loan disbursement for manufacturers and MSMEs to!-->…
Business NAHCO denies N778m fraud allegations Aug 19, 2024 0 The Nigerian Aviation Handling Company (NAHCO) has strongly denied allegations of fraudulent activities related to!-->…
Market N847bn lost as equity market extends downtrend Aug 19, 2024 0 The Nigerian equity market continued its decline for the second week, shedding N847.03 billion as the All-Share!-->…
Business External reserves shed $343m in nine days, says CBN Aug 19, 2024 0 Nigeria’s foreign exchange reserves fell by $342.97 million in just nine days, reducing the total to $36.53!-->…
Banking FCMB appoints new board members Aug 19, 2024 0 First City Monument Bank Limited has appointed Ademola Adebise and Mrs. Olufunmilayo Adedibu to its board of!-->…
Banking Union Bank begins recapitalisation Aug 19, 2024 0 Union Bank of Nigeria is kicking off a recapitalisation effort to boost its financial stability. This move!-->!-->!-->…
Business NSITF Targets One Million Annual Registration, Settles Over 100,000 Claims Aug 16, 2024 0 The Managing Director and CEO of the Nigeria Social Insurance Trust Fund (NSITF), Mr. Oluwaseun Faleye, announced!-->…
Business Dwindling Telecom investments: NIGCOMSAT proposes strategic partnerships to… Aug 16, 2024 0 Nigeria’s telecommunications industry is facing a downturn due to the devaluation of the naira, which has!-->…
Market Delay In Crude Supply To Dangote Refinery Poses Risk To Nigeria’s Economy — EIU… Aug 16, 2024 0 The Economist Intelligence Unit (EIU) has raised concerns that further delays in securing crude oil feedstock for!-->…
Business SEC to set up special units as unclaimed dividends hit N215bn Aug 16, 2024 0 The Securities and Exchange Commission (SEC) is launching a special unit and developing a mobile application to!-->…
Business Consumer Goods Companies report reduced margins in the first half of 2024, blame… Aug 16, 2024 0 In the first half of 2024, consumer goods companies listed on the Nigerian Stock Exchange (NGX) reported a!-->…
Africa Nigeria, Equatorial Guinea sign gas pipeline agreement Aug 16, 2024 0 On Wednesday in Malabo, Nigeria's President Bola Tinubu and Equatorial Guinea's President Teodoro Mbasogo signed!-->…
Energy 5,000MW power generation shameful, says minister Aug 16, 2024 0 Minister of Power, Adebayo Adelabu, expressed strong discontent with Nigeria's current electricity generation!-->…
Business NUPRC sued in 70 cases this year – Official Aug 16, 2024 0 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been involved in over 70 legal cases this year!-->…
Banking GTB confirms hackers attempt to compromise website Aug 16, 2024 0 Guaranty Trust Bank Plc (GTBank) has confirmed an isolated incident involving an attempt to compromise its website!-->…
Market Equity market extends loss to fourth consecutive day Aug 16, 2024 0 The Nigerian equity market continued its downward trend on Thursday, marking the fourth consecutive session of!-->…
investment Multi-billion naira Jauri Inland Dry Port to come on mainstream soon – Zulum Aug 15, 2024 0 Governor Babagana Zulum of Borno State has reaffirmed the government's dedication to advancing the Jauri Inland!-->…