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Business
DPI Acquires ex-Louis Dreyfus Company Solevo.
Development Partners International ("DPI"), an investment business with a focus on Africa, has acquired Solevo…
Leadway Assurance: Implements Security Measures Against Hackers.
According to Leadway Assurance Company Ltd, it has taken "mitigation steps" after discovering a hacker intrusion…
Netflix Hits 232 million subscribers.
Netflix on Tuesday said that its number of subscribers hit 232.5 million in the first quarter of this year and its…
The Nigerian Exchange Limited Recorded N2bn Gain for Investors.
The Nigerian Exchange Limited rebounded on Tuesday, recording N2bn gain for investors.
The All-Share Index also…
Nigeria Produces 75% of Budget Target in Q1 Despite Low Oil Production.
Despite its difficulties, Nigeria was still able to produce 115 million barrels of crude oil in the first quarter…
Exxon Announces a Force Majeure for Lifting Crude.
Following a strike by the company's internal workers union, Exxon Mobil has declared force majeure on oil lifting…
Strike: Aviation Workers Threaten Total Shutdown.
As the second day of their strike begins, aviation workers have threatened to close the nation's airports if the…
Custodian Investment’s Dividend Payment has Received Shareholder Approval.
The board of directors and management of Custodian Investment Plc have received praise from the company's…
Amethis Collaborates with Diot-Siaci in a Deal for a Moroccan Insurance Broker.
Amethis, one of the top investment funds focused on the African continent that was established in collaboration…
Dangote Sugar Pays a Dividend of N18 billion.
Despite the economic difficulties that characterized the 2022 financial quarter, Dangote Sugar Refinery Plc said…
Ryse Energy’s Capital Raise Funds to Support Africa Energy Expansion Plans.
Ryse Energy, a market leader in decentralized renewable energy systems with more than 4,000 units supplied or…
Dangote Guarantees Greater Profits for Shareholders.
Aliko Dangote, the chairman of Dangote Cement Plc, has pledged to shareholders and other stakeholders that the…
Five Fintech Companies Received SEC Approval to Operate as Capital Market…
The Securities and Exchange Commission has recognized five financial technology companies as legitimate capital…
NSIA Assets Reach $1 trillion and Draw $500 million in FDI.
The Nigeria Sovereign Investment Authority increased its net assets from N919.73 billion in 2021 to N1.02 trillion…
NBCC Seeks Trade Cooperation with the UK.
When the Nigerian British Chamber of Commerce leaves on its trade mission to the UK next month, a commercial…
Russia Increases Gasoline Exports in Q1 and Replaces European Consumers With…
Following the European Union's boycott on Russian goods on February 5, Russia increased exports of the motor fuel…
CBN Moves to Invest Unclaimed Funds in Dormant Accounts in T-bills.
According to a proposal made by the Central Bank of Nigeria, banks should move money from accounts that have been…
Femi Otedola becomes Transcorp’s Largest Individual Shareholder, with 5.5% Stake.
A multibillionaire businessman named Mr. Femi Otedola has become Transcorp, a publicly traded, diversified company…
Nigeria Signs an MoU to Upgrade the Aviation College.
The Nigerian College of Aviation Technology, Zaria's profile as a top-tier training facility will be enhanced…
FG Seeks to Eliminate Multiple Road Taxes and Promote Road Safety.
According to the Federal Government, it is attempting to do away with different road taxes in order to encourage…
A loss at Airtel Africa Sent the Stock Market Down N569 billion.
Profit-taking by investors in Airtel Africa Plc continued to rule the Nigerian stock market at the start of the…
SEC Moves to Prioritize the Updated Capital Market Master Plan.
The First Capital Market Committee meeting in 2023 will be dominated by the implementation of the updated master…
According to NPA, Port Renovation will Cost $800 million.
Mohammed Bello-Koko, the managing director of the Nigerian Ports Authority, has provided an explanation for why…
Notwithstanding its 2060 Carbon Emission Pledge, Nigeria Resumes Coal Exploration.
The federal government has indicated that coal mining would resume in the nation despite its goal to achieve…
Russia Declares a 700,000 Bpd Reduction in Oil Production in March.
According to Bloomberg, Russia claims to have reduced oil production by 700,000 barrels per day in March,…
NCAN: Cashew Production in Nigeria can Generate Over $2.7 billion Annually.
According to Mr. Joseph Ajanaku, President of the National Cashew Association of Nigeria (NCAN), Nigeria could…
UBA, Zenith Bank, and Four Other Institutions Announce N389.8 Billion Dividend in…
Six out of the 13 listed banks on the Nigerian Exchange Limited (NGX) declared a combined N389.8 billion in…
Senate: Budget Office Paid Four MDAs N19 billion Without Authorization.
The Minister of Finance, Budget, and National Planning's consent was not obtained before the Budget Office of the…
Investors Demand Insurance and Pension Growth.
The necessity to expand the insurance and pension sectors has been discussed by financial sector stakeholders.…
Sterling Bank Relists on the NGX as HoldingCo.
The continuing conversion of Sterling Bank Plc into a financial holdings business has reached a critical…