Browsing Category
Business
Disney’s surprise streaming entertainment profit offset by weaker TV…
Walt Disney's shares fell 8.5% in morning trading despite a surprise profit in its streaming entertainment…
Prices of rice, garri, beef rise 27.4% in March – NBS
According to data from the National Bureau of Statistics (NBS), the average prices of rice, garri, and beef…
List of financial transactions exempted from 0.5% cybersecurity levy
In a circular signed by Chibuzor Efobi, the director of payments system management, and Haruna Mustafa, the…
Access Holdings, Partners Move To Empower Women With Disabilities
International charity organization Sightsavers, in collaboration with Access Holdings, Unilever, UK Aid, and…
Naira appreciates to N1354/$ despite low dollar supply at official market
Despite facing low dollar liquidity, the Nigerian naira showed strength against the US dollar in Monday's trading…
Banks to Implement 0.5% Cybersecurity Levy on Electronic Transfers
In response to directives from the Central Bank of Nigeria (CBN), banks across the country will soon introduce a…
Seplat to deliver 13 new oil, gas wells in 2024
Seplat Energy Plc has revealed its drilling program for 2024, aiming to deliver 13 new oil and gas wells across…
Nestle Grows Sales By 43%, Earns N183.5bn In Q1
Nestle Nigeria Plc has recorded a significant 43.4 percent Year-on-Year increase in revenue for the first quarter…
Cash deposit in banks increase by 66%
Customers' deposits in Nigeria's leading deposit money banks witnessed a remarkable 66 percent Year-on-Year…
Cadbury Nigeria Reports 43% Revenue Increase in Q1’24
Cadbury Nigeria Plc has disclosed a notable revenue of N23.695 billion for the first quarter ended March 31, 2024…
SEC Plans to Delist Naira from P2P Crypto Trading to Curb Manipulation
Dr. Emomotimi Agama, the Acting Director General of the Securities and Exchange Commission (SEC), has announced…
Meeting between Blockchain industry and SEC Director General rescheduled
A meeting planned between key players in the blockchain industry and the Director General of the Securities and…
Naira in circulation reaches N3.87 trillion
The amount of money in circulation in Nigeria has reached N3.87 trillion by the end of March, as per data from the…
FMBN adopts performance management system for workers
The Federal Mortgage Bank of Nigeria (FMBN) has introduced a performance management system to assess the…
Transcorp plans share capital reduction
Transnational Corporation Plc has announced plans to reduce its number of shares through a share capital…
DRC President praises Russia and China for transparent partnerships
Democratic Republic of Congo (DRC) President Felix Tshisekedi has lauded Russia and China for their transparent…
Paramount Global in talks with Sony, Apollo over acquisition
Paramount Global has initiated negotiations with Sony and Apollo Global Management for potential acquisition…
Dependents from Nigeria to UK increased from 1,500 to 52,000 in 2 years — British…
Richard Montgomery, the British High Commissioner to Nigeria in an interview with the News Agency of Nigeria (NAN)…
NDLEA smashes international drug syndicate, seizes suitcases of ‘loud’ in MMIA,…
The National Drug Law Enforcement Agency (NDLEA) successfully dismantled an international drug syndicate operating…
Cyberattacks: Ransomware payments globally surge by 500% in 2023—Report
A recent report from cybersecurity firm Sophos revealed a significant increase in ransom payments by companies…
NGX Starts May Strong, Investors Gain N303 Billion
The Nigerian Exchange Limited (NGX) began May with a positive trend, as the All-Share Index rose by 0.55%, gaining…
BUA Cement continues with its profit decline streak in Q1 2024
BUA Cement Plc released its financial results for Q1 2024, revealing a pre-tax profit decrease of 39.97% to…
DSTV Tariff Hike: Court Orders Lawyer To Paste Restraining Order At MultiChoice…
The Competition and Consumer Protection Tribunal in Abuja has directed MultiChoice Nigeria Limited to halt its…
Fuel Scarcity: 9,000 oil marketers face license loss, IPMAN appeals for extension
As Nigerians grapple with fuel scarcity, over 9,000 oil marketers are at risk of losing their operating licenses.…
FG mandates stamp duty charge on mortgage
The Federal Government has instructed Deposit Money Banks to commence the deduction of a 0.375 per cent stamp duty…
Petrol Scarcity: 7 Vessels Stranded at Escravos Channel”
The current petrol supply crisis in Nigeria has been attributed to seven daughter vessels, collectively carrying…
CBN worries over declining economic activities
The Central Bank of Nigeria (CBN) has expressed worry over the recent decline in economic activities in the…
Google faces closing arguments in US market power trial
The U.S. government is set to present its antitrust case against Alphabet's Google in closing arguments on…
Landmark Beach Management Addresses Customers Amid Demolition Plans
Landmark Beach management has deactivated its app and issued a statement addressing its customers regarding the…
Tanzania, Kenya resolve poultry export dispute- EAC
Tanzania and Kenya have finally resolved a trade dispute regarding the export of poultry and poultry products…