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  • Page 99

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Business

DMO announces results of January 2025 FGN bond auction, raises N669.94 billion 

Jan 30, 2025 0
The Debt Management Office (DMO) of Nigeria announced the successful completion of its January 2025 Federal…
Business

Aradel reports N321.6 billion pre-tax profits, up 187% YoY

Jan 30, 2025 0
Aradel Holdings Plc posted an impressive N321.6 billion profit before tax for the 2024 financial year, marking a…
Business

FG launches framework to attract direct investment

Jan 30, 2025 0
The Federal Government of Nigeria has launched the Regulatory Impact Analysis (RIA) Framework to enhance the…
Business

Nigeria’s Electronic Transactions Surge to N1.08 Quadrillion in 2024, Up 79%

Jan 30, 2025 0
Nigeria’s electronic payment ecosystem experienced remarkable growth in 2024, with transactions reaching an…
Business

Unilever posts N4.9bn profit

Jan 30, 2025 0
Unilever Nigeria Plc posted a profit of N4.9bn for the fourth quarter of 2024, reflecting a 29% decline from the…
Business

TotalEnergies records N1.04tn revenue

Jan 30, 2025 0
TotalEnergies Marketing Nigeria Plc has posted impressive financial results for the year ending December 31, 2024,…
Business

Nigeria Joins International Port Community System Association to Enhance Maritime…

Jan 30, 2025 0
The Nigerian Ports Authority (NPA) has announced that Nigeria has been admitted as a member of the International…
Business

Sustainable Capital Acquires 9.96% Stake in Seplat Energy, Strengthening Influence

Jan 30, 2025 0
Sustainable Capital Ltd, a Mauritius-based investment firm, has secured a 9.96% stake in Seplat Energy Plc,…
Business

Zuck shrugs off DeepSeek, vows to spend hundreds of billions on AI

Jan 30, 2025 0
Meta's stock may have remained unaffected by speculation surrounding DeepSeek’s AI models, which sent Nvidia’s…
Technology

Crypto exchange Crypto.com to delist Tether’s USDT,9 others in Europe by Jan. 3

Jan 30, 2025 0
Cryptocurrency exchange Crypto.com has announced plans to delist Tether’s USDT and nine other tokens in Europe by…
Business

ABCON Calls For BDCs’ Merger Ahead Of June Recapitalisation Deadline

Jan 30, 2025 0
The Association of Bureau De Change Operators of Nigeria (ABCON) has called on Bureau de Change (BDC) operators to…
Business

FG secures $1.1bn AfDB loan to power 5m people by 2026 — Tinubu

Jan 30, 2025 0
The Federal Government of Nigeria has secured a $1.1 billion loan from the African Development Bank (AfDB) to…
Business

Market integrity: NGX RegCo, EFCC deepen collaboration

Jan 30, 2025 0
NGX Regulation Limited (NGX RegCo) and the Economic and Financial Crimes Commission (EFCC) have agreed to enhance…
Business

Naira Sustains Gain On Parallel Market, Weakens To N1,534/$1 On NEFM

Jan 30, 2025 0
The naira saw a continued appreciation in the parallel market for the second consecutive day, rising by N10 to…
Business

Demand for Aradel Holdings, 25 Others Lift Stock Market by N365bn

Jan 30, 2025 0
Aggressive investor demand for Aradel Holdings Plc and 25 other companies boosted the Nigerian stock market by…
Business

US Stock Market Faces Uncertainty Amid Tech Struggles and Fed Policy Concerns

Jan 30, 2025 0
The U.S. stock market is facing increasing risks, with cracks appearing in the technology sector and uncertainty…
Business

Rising Imports and Trade Deficit Slow U.S. Economic Growth in Q4

Jan 30, 2025 0
The U.S. economy likely grew at a slower pace in the fourth quarter of 2024, with GDP estimated to have risen at…
Business

Nigerian Banks Lead Investment Drive Towards $1 Trillion Economy Goal

Jan 30, 2025 0
President Bola Tinubu has reaffirmed his administration’s commitment to achieving a $1 trillion economy by 2026,…
Business

Microsoft shares slide as cloud forecast, AI spending disappoint

Jan 30, 2025 0
Microsoft's stock fell 4.5% in after-hours trading after the company forecasted lower-than-expected growth for its…
Business

Microsoft shares slide on cloud outlook; Meta up after Q4 beat

Jan 30, 2025 0
Microsoft's shares dropped by 4.5% in Europe, following a weak forecast for its cloud business. This decline…
Business

CBN nears completion of $2.4bn FX backlog verification, payments to begin soon

Jan 30, 2025 0
The Central Bank of Nigeria (CBN) is finalizing the verification process for the remaining $2.4 billion foreign…
Business

Cashless economy deepens as electronic transactions hit N1.08qd

Jan 30, 2025 0
Nigeria’s electronic transactions surged by 79% in 2024, reaching a record N1.08 quadrillion, according to data…
Business

Equity market reverses loss, investors gain N364bn

Jan 30, 2025 0
The Nigerian Stock Exchange saw a reversal in market losses on Tuesday, with investors gaining N364bn as the…
Business

NECA Applauds CBN’s FX Code, Calls for Effective Implementation

Jan 30, 2025 0
The Nigeria Employers’ Consultative Association (NECA) has commended the Central Bank of Nigeria (CBN) for…
Business

Four FCMB customers win N1m each

Jan 30, 2025 0
First City Monument Bank (FCMB) has rewarded four customers with N1 million each in the first draw of its…
Business

Outstanding $7bn FX cleared, says Cardoso

Jan 30, 2025 0
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, announced that the government has successfully…
Business

FG Partners with Portsmouth University to Boost Oil & Gas Capacity in Nigeria

Jan 29, 2025 0
The Nigerian government has signed a Memorandum of Understanding (MoU) with the University of Portsmouth (UoP) to…
Business

Three Key Strategies for Improving Nigeria’s Business Environment in 2025

Jan 29, 2025 0
As Nigeria seeks to attract more investments and improve its business environment in 2025, achieving monetary and…
Technology

Gartner Predicts AI Will Drive 15% of Daily Work Decisions by 2028, Transforming…

Jan 29, 2025 0
Gartner has projected that by 2028, AI systems will autonomously make 15% of daily work decisions, with…
Business

CBN Waives N250,000 BDCs’ Annual Licence Renewal Fee for 2025

Jan 29, 2025 0
In a bid to streamline operations and foster stability in Nigeria's foreign exchange market, the Central Bank of…
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NIGERIA

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World Bank Downgrades Nigeria’s 2026 Economic Growth to 4.1% Amid Global Uncertainty

Apr 9, 2026
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World

UN Warns Trump Against Iran Strikes as Deadline Nears:…

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