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Business
Reps summon Dangote, BUA, others over cement price hike
The Nigerian House of Representatives has decided to call upon major cement manufacturers like Dangote Cement and!-->…
Unity Bank, SkillPaddy train 1,000 female software engineers
Unity Bank Plc has collaborated with the tech platform, SkillPaddy, to launch the 'Count Her In' tech programme!-->…
Nigerians experience relief as prices of sugar, Indomie, others drop
The recent reduction in food prices, particularly for items like noodles, sugar, rice, beans, and others, comes as!-->…
Ecobank obtains $250m loan to boost liquidity
Ecobank Transnational Incorporated has announced securing a $250 million loan facility to bolster its liquidity!-->…
Wema Bank Earmarks N8.9bn For Women-Run Businesses
Moruf Oseni, the MD/CEO of Wema Bank, affirmed Wema Bank's commitment to actively support and promote women,!-->…
Exchange Disparity Narrows to 0.4%
Following recent market reforms and interventions by the Central Bank of Nigeria (CBN), there are indications of!-->…
‘AMCON’s New Leadership will Improve Debt recovery’
Raheem Ajayi, a public commentator, believes that the newly appointed Managing Director of the Asset Management!-->…
CBN Issues Warning to Mortgage Banks and Financial Institutions
The Central Bank of Nigeria (CBN) has issued a stern warning to primary mortgage banks (PMBs), development finance!-->…
MTN and Airtel Increase Investments Despite Economic Challenges
Despite Nigeria's economic challenges, two major telecommunication giants, MTN Nigeria Communications Plc and!-->…
SEC Introduces Guidelines for Digital Asset Service Providers
The Securities and Exchange Commission (SEC) has announced the development of new guidelines for licensing,!-->…
South Africa’s Current Account Deficit Widens Sharply in Fourth Quarter
South Africa's current account deficit significantly expanded in the fourth quarter of 2023, reaching 2.3% of!-->…
Transcorp Power, FBN Holdings lift Market Cap by N194bn
The Nigerian Exchange witnessed a significant N194 billion gain in market capitalization on Tuesday, largely!-->…
Nigerian Exchange Tops Africa with 33.70% Gain
"The Nigerian Exchange (NGX) has emerged as Africa's leading exchange in the first two months of 2024, boasting an!-->…
BIC Achieves Double-Digit Revenue Growth
BIC, a leading manufacturing corporation known for its stationeries, lighters, and shavers, has reported a!-->…
Dangote Plans Oil Trading Arm for Nigerian Refinery, Sources Say
Africa's wealthiest individual, Aliko Dangote, is reportedly considering establishing an oil trading arm, possibly!-->…
Binance Discontinues Naira Services Amid Government Scrutiny
Binance, a major crypto exchange, announced the discontinuation of its services supporting the Nigerian naira!-->…
Transcorp Power Starts First Day of Trading Gaining 10%
Transcorp Power Plc made its debut on the Nigerian Exchange on Monday, March 4th, experiencing a remarkable 10%!-->…
Qatar Airways and Access Bank to Offer Flight Discounts Across Africa
Qatar Airways has joined forces with Access Bank to provide discounts on flights to the bank's customers across!-->…
NICA Advocates for Inclusive Credit System for Students
The National Institute of Credit Administration (NICA) has urged for the establishment of a credit system that!-->…
Equity Market Investors Lose N1.55tn
In February, investors in the Nigerian equity market suffered significant losses amounting to approximately N1.55!-->…
African Share of Global Trade Remains Below 3%: Report”
According to a report assessing progress on regional integration in Africa by the Economic Commission for Africa!-->…
Forex Crisis: FG Slaps $10 Billion Fine on Binance
The Federal Government has imposed a $10 billion fine on cryptocurrency platform Binance, accusing it of!-->…
India’s Rice Output to Drop for the First Time in 8 Years- Govt
India anticipates a decline in rice production for the first time in eight years during the 2023/24 season due to!-->…
FRC to Enforce Stricter Codes for Accounting Professionals
The Financial Reporting Council (FRC) has issued a stern warning, indicating its intent to hold accounting!-->…
Nigeria’s Crackdown on Binance Sparks Concerns for Cryptocurrency Future
Nigeria's recent crackdown on Binance, a prominent cryptocurrency platform, has ignited concerns regarding the!-->…
Delta State Government Partners with UK Firm for Mangrove Restoration Project
The Delta State Government recently finalized an agreement with a United Kingdom firm and other partners to!-->…
Naira Records First Gain at Official Market After Rate Hike
The Nigerian naira has experienced a slight appreciation of 0.39 percent in the official foreign exchange (FX)!-->…
Oil falls on US demand worries, interest rate fears
Oil prices experienced a decline on Thursday following a larger-than-expected build in U.S. crude stockpiles,!-->…
JUST IN: MPC Raises Interest Rate To 22.5%
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has announced a significant increase in!-->…
Civil Society Leaders Urge Halt to Shell Petroleum Sale in Nigeria
A coalition of civil society leaders has united in a call for the cessation of the sale of Shell Petroleum!-->…