Nigerian Content Creators Eye Facebook’s N150,000 Per 10,000 Views
Starting July 1, 2024, Nigerian social media creators on Meta platforms like Facebook will earn up to N150,000 for every…
Category: Business
UBA’s GMD appointed Chairman, CIBN Body of Banks’ CEOs
Oliver Alawuba, Group Managing Director and CEO of United Bank for Africa (UBA) Plc, has been appointed Chairman of the…
Zenith Bank Wins Best Commercial Bank and Best Corporate Governance Awards for 2024
Zenith Bank Plc has been named the Best Commercial Bank in Nigeria for the fourth consecutive year in the World…
GTCO To Raise N400.5bn Through Public Offer
Guaranty Trust Holding Company (GTCO) Plc is set to raise N400 billion in fresh capital as part of the Central…
CBN to auction N166bn T-bills as US, India await inflation data
July 10: OPEC Report and Nigerian Oil Output Decline The Organisation of the Petroleum Exporting Countries (OPEC) will release its…
IGP to prosecute ex-personnel who ‘hijacked’ truck carrying 40,000 litres of petrol in Enugu
The Nigeria Police Force has announced the impending prosecution of three former officers involved in hijacking a truck loaded with…
Pension funds crossed N20tn in May – PenCom
The value of pension funds in Nigeria rose by 2.23% month-on-month, reaching N20.23tn in May 2024. According to the National…
Budget: FG releases N1.2tn for capital projects
The Federal Government disbursed N1.23tn to 17 ministries for capital projects as of September 30, 2023, as per the Budget…
Why CBN insists on another recapitalisation — Cardoso
The Central Bank of Nigeria (CBN) emphasized that further bank capitalisation is crucial for the nation’s economic stability. CBN Governor…
Foreign investments in manufacturing down 57.4% to N192bn in Q1’24
The harsh business environment in Nigeria led to a 57.36% decline in foreign investments in the manufacturing sector, falling to…
Brewing industry choking over high cost of raw materials
The Nigerian brewery industry is grappling with severe cost pressures as prices for local raw materials such as sorghum and…
Only 1.3% Of Informal Businesses Make N2.5m Profit – Report
The 2024 Informal Economy Report, compiled by Moniepoint, reveals that a mere 1.3% of Nigerian informal businesses make over N2.5…
FG Exempts GenCos, DisCos, Others From Withholding Tax
The federal government has exempted all electricity companies, including Generation and Distribution Companies (GenCos and DisCos), from paying Withholding Tax,…
Tinubu targets production of 2million bpd oil, 6GW electricity, 135m tonnes food
On Thursday, President Tinubu announced a N2 trillion economic stabilization package alongside the National Construction and Household Support Programme. The…
NHIA increases health insurance capitation by 60%, implements 40% fee for service hike in Nigeria
The National Health Insurance Authority (NHIA) has announced substantial tariff adjustments, including a 60% increase in capitation and a 40%…
New UK Leader: British pound shows strength against naira and U.S dollar
Keir Starmer’s centre-left Labour Party secured a substantial majority in the UK general election, providing reassurance to the global currency…
Band A customers: NLC demands new tariff hike reversal
The Nigeria Labour Congress (NLC) has criticized the recent increase in electricity tariffs for Band A customers from N206.80 to…
NNPC disagrees as report puts petrol debt at $6bn
Nigeria’s state-owned Nigerian National Petroleum Company Limited (NNPC) is facing a mounting debt crisis in its petrol imports, which has…
SEC approves Chiemeka’s appointment as NGX CEO
Jude Chiemeka has been officially appointed as the Chief Executive Officer of the Nigerian Exchange Limited (NGX), effective from July…
China’s BYD opens EV factory in Thailand, first in Southeast Asia
China’s leading electric vehicle (EV) manufacturer, BYD (002594.SZ), has inaugurated its first Southeast Asian factory in Thailand. This is a…
Access Holdings Kicks Off N351bn Capital Raising
Access Holdings Plc is set to raise a whopping N351 billion through a Rights Issue for its existing shareholders. This…
Senate to receive ‘N6.6trn’ supplementary budget next week
The Senate Committee on Public Affairs, led by Yemi Adaramodu, is set to review a supplementary budget of around N6.6…
FG up to date on debt payments, $700m paid, says Edun
Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, announced that the federal government has paid $700…
Labour, private sector protest as Discos hike tariff again
The Nigeria Labour Congress, Trade Union Congress, and Organised Private Sector have criticized the recent hike in electricity tariffs for…
Vehicle importation down by 45% over forex crisis – CGC
Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, revealed a significant 45% decline in vehicle imports during the first…
Industrial and Medical Gases Nigeria Plc Appoints Aminu Ado Chairman
Industrial and Medical Gases Nigeria Plc (IMG) has appointed Aminu Ado as its new substantive chairman. This decision was made…
$1.5bn oil sector divestment deals completed – FG
The Federal Government of Nigeria has announced the successful completion of significant oil divestment deals totaling approximately $1.5 billion. These…
Equity market sustains rally with N131bn gain
The Nigerian equity market saw another day of gains on Wednesday, with investors pocketing N131 billion boosted by strong performances…
Zedcrest acquires RMB Nigeria stockbrokers
Financial solutions firm, Zedcrest, has announced its complete acquisition of RMB Nigeria Stockbrokers, a move aimed at expanding its service…
KuCoin Implements 7.5% VAT on Crypto Transactions in Nigeria
KuCoin, a prominent cryptocurrency exchange operating in Nigeria, has announced the implementation of a 7.5% Value-Added Tax (VAT) on transaction…