Lagos government sanctions 21 money lending firms for violations
The Lagos State government has penalized 21 money lending companies for breaching various regulatory guidelines. This was disclosed by the…
Category: Business
Nigerian Breweries Appoints Emmanuel Oriakhi as Sales Director to Lead Growth and Innovation
Nigerian Breweries Plc has officially appointed Emmanuel Oriakhi as its new sales director, effective March 24, 2025. This announcement was…
Nigerian Tech Startups Defy Economic Storms to Post Seven-Fold Growth
Despite facing one of the toughest economic periods in recent Nigerian history, seven tech companies have recorded a remarkable 621.53%…
“U.S. Economic Woes Rattle Consumers, But Nestlé Gains Ground, CEO Says”
Nestlé CEO Laurent Freixe has acknowledged that American consumers are feeling the strain of an economic slowdown, a situation intensified…
Cardoso: Stronger Naira Set to Boost Nigeria’s Non-Oil Exports and Attract Investment
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has stated that recent monetary reforms have made the…
Nigerians Spend ₦5.3 Trillion on Telecom Services in 2023
In 2023, Nigerians spent an estimated ₦5.3 trillion on telecommunications services, covering voice calls, data usage, SMS, and other related…
Google Unveils Bold AI Vision with Smart Glasses, AI Mode, and Premium Plans at I/O 2025
At its annual I/O conference in Mountain View, California, Google introduced major advancements in artificial intelligence, including a new “AI…
UK-EU Post-Brexit Reset Shakes Markets: Gilt Yields Surge, Sterling Rallies
The United Kingdom and the European Union have reached a landmark agreement to reset their post-Brexit relationship, prompting a swift…
Resilient Revenue: Seplat, MTN, and 19 Other Firms Generate N6.4 Trillion in Q1 2025 Despite Economic Turmoil
Despite ongoing economic headwinds in Nigeria, 21 major companies listed on the Nigerian Exchange (NGX) – including Seplat Energy Plc…
Lagos Partners with Marketing Analytics Africa to Host Landmark 2025 AMTEC Conference
Lagos State has announced a strategic partnership with Marketing Analytics Africa (MAA) to host the 2025 African Marketing Technology &…
Dangote Refinery Vows to Keep Petrol Prices Stable Amid Global Oil Volatility
Dangote Petroleum Refinery has reiterated its commitment to reducing and stabilizing petrol prices in Nigeria, despite ongoing fluctuations in global…
Youth Innovators Call for Digital Inclusion to Bridge Development Gap
At the recent Global Accessibility Awareness Day (GAAD) event in Abuja, young innovators advocated for improved digital connectivity as a…
Ghana Cedi’s Strong Recovery Marks Economic Turnaround – Ato Forson
Ghana’s Finance Minister, Dr. Cassiel Ato Forson, has highlighted the recent appreciation of the Ghana cedi as a key sign…
CBN Reassures Nigerians of Banking Sector Stability Amid False Reports
The Central Bank of Nigeria (CBN) has moved to calm public fears about the safety of the country’s banking sector,…
MTN Sues 20 Banks to Recover N6bn Interconnect Debt from SleekChip Technologies
MTN Nigeria has taken legal action against over 20 banks in an attempt to recover a debt of approximately N6…
Intel Considers Sale of Networking and Edge Business to Refocus Core Strategy
Intel is reportedly exploring the sale of its networking and edge (NEX) business as part of a broader strategic shift…
FX Market Turnover Rises to $1.76bn Amid Sharp Decline in Derivatives Activity
The Nigerian foreign exchange (FX) market recorded a slight uptick in trading activity last week, with total turnover across the…
Nigeria Eyes $1 Trillion Economy Through Capital Market Reforms and Innovation
The Federal Government of Nigeria has reiterated its ambition to achieve a $1 trillion economy by leveraging private sector innovation…
Nigeria’s exit from FATF grey list will increase investor confidence, says SEC
Nigeria’s anticipated removal from the Financial Action Task Force (FATF) grey list is expected to significantly enhance investor confidence and…
JPMorgan Signals Bitcoin Shift as Ukraine, Corporations, and ETFs Drive Institutional Surge
In a significant move for institutional cryptocurrency adoption, JPMorgan Chase CEO Jamie Dimon announced that while the bank will not…
Market cap sheds N8bn amid mixed trading
The Nigerian Stock Exchange (NGX) began the trading week on May 20, 2025, on a slightly negative note, shedding N8…
Nigeria’s SEC Launches New Digital Platform to Boost Market Transparency and Investor Confidence
The Nigerian Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has officially launched the redesigned website of…
BREAKING: Fidelity Bank confirms Supreme Court ruling on GCappa and Sagecom, computes N14 billion as settlement
Fidelity Bank has officially acknowledged a Supreme Court ruling involving a legacy dispute between GCappa and Sagecom Concepts Limited. The…
Tech Entrepreneurs Champion Digital Inclusion on Global Accessibility Awareness Day
As part of the global observance of Global Accessibility Awareness Day (GAAD), tech entrepreneurs and industry leaders have reaffirmed their…
Microsoft Developer Conference Highlights AI Focus, Strategy Shift with OpenAI and Cloud Investments
Microsoft kicked off its annual software developer conference in Seattle, drawing thousands of developers eager to capitalize on the company’s…
FX Market on Edge as BDCs Scramble to Meet CBN’s Recapitalisation Deadline
The Nigerian foreign exchange market is witnessing growing tension as Bureau De Change (BDC) operators rush to meet the Central…
Unilever Nigeria Reports 65% Profit Surge in Q1 2025 Amid Strong Consumer Focus
Unilever Nigeria Plc has announced a substantial 65% increase in its net profit for the first quarter of 2025, as…
Kaduna Targets Foreign Investment to Tackle Illegal Mining and Drive Green Growth
Kaduna State is actively seeking foreign investment to transform its solid minerals sector, combat illegal mining, and generate jobs. At…
Federal Lawsuit Accuses Diageo’s Casamigos and Don Julio Tequilas of Adulteration with Cane Spirit
A class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York, accusing…
Dyna.Ai Launches in Nigeria to Revolutionize Financial Services with AI Innovations
Dyna.Ai, a global Artificial Intelligence-as-a-Service (AIaaS) firm headquartered in Singapore, officially launched its operations in Nigeria with a high-profile event…