FBN Holdings Launches N150 Billion Rights Issue to Strengthen Lending and Digital…
FBN Holdings is set to raise N150 billion from its shareholders through a rights issue, offering nearly six…
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Foreign Inflows Surge in Nigeria’s Forex Market Amid Currency Challenges
In a significant turnaround, the Nigerian Autonomous Foreign Exchange Market (NAFEM) has reported total inflows…
Nigerian Shippers’ Council Saves N40 Billion and Aims for $10 Billion Investment
The Nigerian Shippers’ Council (NSC) announced significant economic savings of over N40 billion in the past year,…
United Nigeria Airline Partners with Cronos Aviation to Establish MRO Facility and…
United Nigeria Airlines (UNA) has signed a Memorandum of Understanding (MoU) with Cronos Aviation, an…
Nigeria’s Foreign Exchange Market Faces Ongoing Challenges Despite Recent…
Despite efforts by the Central Bank of Nigeria (CBN) to stabilize the foreign exchange (FX) market, Fitch Ratings…
Beiersdorf Clarifies Discontinuation of NIVEA Deodorant Amid NAFDAC Safety Alert
Beiersdorf, the German multinational known for its NIVEA Black & White Invisible Roll-on deodorant, has…
Access Holdings grows revenue by 114.5% to N3.4tr in Q3
Access Holdings Plc, the parent company of Access Bank Nigeria, reported a remarkable 114.5% year-on-year increase…
FCT Residents Demand Reduction in High Electricity Tariffs Amid Economic Hardship
Many residents in Nigeria's Federal Capital Territory (FCT) have urged the Federal Government to lower the…
Nigerian Manufacturers Urge Government Intervention Amid Economic Challenges
The Chemical and Non-Metallic Products Employers Federation (CANMPEF) has urged the Nigerian government to declare…
Africa Oil secures 20-year renewal for Nigeria’s Agbami oil field
Africa Oil Corp., a Canadian oil and gas firm, has obtained a 20-year renewal for its Petroleum Mining Lease 52…
Nigerians paid N40bn as road taxes to states in 2023
Nigerians contributed N40.14 billion in road taxes to state governments in 2023, reflecting a 63.36% increase from…
Nigerian Per Capita Income Drops 72.8% to 20-Year Low Amid Policy Missteps
Nigeria’s per capita income has plummeted by 72.8% since 2014, hitting its lowest point since 2004. This stark…
Government allocates N18bn compensation for Lagos-Calabar highway
The Nigerian Minister of Works, David Umahi, announced that N18 billion has been allocated to compensate property…
Legal attacks are slowing SEC rulemaking in a crucial election year
The U.S. Securities and Exchange Commission (SEC) has experienced a significant slowdown in rulemaking since…
Robinhood shares drop as growth push takes a toll on Q3 results
Robinhood Markets, Inc. saw its shares plummet nearly 11% before the market opened on October 31, following a…
NSITF Expands Employees Compensation Scheme to Include Informal Sector Workers
The Nigeria Social Insurance Trust Fund (NSITF) is enhancing the security and welfare of informal sector workers…
IPMAN Negotiates Petrol Supply with Dangote Refinery Amid Price Hikes
The Independent Petroleum Marketers Association of Nigeria (IPMAN) is in talks with Dangote Refinery to establish…
Minority shareholders laud NAICOM’s takeover of African Alliance Insurance
The National Insurance Commission (NAICOM) has dismissed the board and management of African Alliance Insurance…
Kia Motors Nigeria Supports AFC Africa Fighting Championship 2024
Kia Nigeria proudly supported the African Fighting Championship (AFC) 2024, held on October 26 at Abuja's National…
TCN restores power in parts of Northern states
The Transmission Company of Nigeria (TCN) has announced the restoration of bulk power supply to several states in…
NAICOM Sacks Board Management Of African Alliance
The National Insurance Commission (NAICOM) has dismissed the Board and Management of African Alliance Insurance…
Credit to government jumps 90% to N42trn amid rising money supply
In September 2024, Nigeria’s money supply reached an unprecedented N109 trillion, marking a 1.68% increase from…
Transcorp Power plans an additional 150MW of electricity generation
Transcorp Power has announced plans to boost Nigeria's electricity generation with an additional 150 megawatts…
FMDQ Group records significant achievements amid challenging economic conditions
In 2023, FMDQ Group Plc navigated significant economic challenges, including inflation, fluctuating exchange…
MTN Nigeria Reports Q3 Profit Amid Ongoing Inflation and Currency Challenges
MTN Nigeria Communications Plc returned to profitability in the third quarter of 2024, reporting a post-tax profit…
UBA Rewards 110 Customers with N42.8m in Legacy Promo Celebrating 75 Years
United Bank for Africa (UBA) recently rewarded 110 customers with a total of N42.8 million as part of its "75…
Nigerian Breweries Reports 75% Revenue Growth Amid Economic Challenges
Nigerian Breweries Plc has announced a remarkable 75% increase in revenue for the nine months ending September 30,…
Moniepoint gains unicorn status after raising $110m from Google and DIP
Nigerian fintech startup Moniepoint has reached unicorn status, now valued at over $1 billion following a $110…
NLC Mourns Loss Of Workers On Active Duty
The Nigeria Labour Congress (NLC) has voiced its sorrow and concern following the October 24 helicopter crash…
CBN, IFC to provide $1bn funding options to Nigerian businesses
The International Finance Corporation (IFC), the private sector arm of the World Bank, has signed an agreement…