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…
Category: Business
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 ended March 31,…
Cash deposit in banks increase by 66%
Customers’ deposits in Nigeria’s leading deposit money banks witnessed a remarkable 66 percent Year-on-Year increase, soaring to N76.04 trillion by…
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 (Q1’24),…
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 the Commission’s intention to…
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 Exchange Commission,…
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…
FMBN adopts performance management system for workers
The Federal Mortgage Bank of Nigeria (FMBN) has introduced a performance management system to assess the performance of its employees,…
Transcorp plans share capital reduction
Transnational Corporation Plc has announced plans to reduce its number of shares through a share capital reconstruction, aiming to enhance…
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 and straightforward partnerships with…
Paramount Global in talks with Sony, Apollo over acquisition
Paramount Global has initiated negotiations with Sony and Apollo Global Management for potential acquisition deals. This move follows significant setbacks…
Dependents from Nigeria to UK increased from 1,500 to 52,000 in 2 years — British High Commissioner
Richard Montgomery, the British High Commissioner to Nigeria in an interview with the News Agency of Nigeria (NAN) in Abuja,…
NDLEA smashes international drug syndicate, seizes suitcases of ‘loud’ in MMIA, Lagos
The National Drug Law Enforcement Agency (NDLEA) successfully dismantled an international drug syndicate operating in Nigeria, South Africa, and Thailand.…
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 globally affected by ransomware,…
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 537.15…
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 N21.286 billion…
DSTV Tariff Hike: Court Orders Lawyer To Paste Restraining Order At MultiChoice Office
The Competition and Consumer Protection Tribunal in Abuja has directed MultiChoice Nigeria Limited to halt its planned increase in DSTV…
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. The Independent…
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 charge…
Petrol Scarcity: 7 Vessels Stranded at Escravos Channel”
The current petrol supply crisis in Nigeria has been attributed to seven daughter vessels, collectively carrying 150 million litres of…
CBN worries over declining economic activities
The Central Bank of Nigeria (CBN) has expressed worry over the recent decline in economic activities in the country. According…
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 Thursday, concluding a…
Landmark Beach Management Addresses Customers Amid Demolition Plans
Landmark Beach management has deactivated its app and issued a statement addressing its customers regarding the current developments surrounding plans…
Tanzania, Kenya resolve poultry export dispute- EAC
Tanzania and Kenya have finally resolved a trade dispute regarding the export of poultry and poultry products between the two…
NLC labels FG’s 35% salary increase mischievous
The National President of the National Labour Congress (NLC), Joe Ajaero, has criticized the federal government’s increase of civil servants’…
FCMB Group records 186% profit growth
FCMB Group Plc has announced a remarkable increase in profit before tax, reaching N104.4 billion, marking a substantial 186 percent…
Pension Fund Managers Increase Stock Investments to N550 bn
In the first three months of 2024, pension fund managers in Nigeria purchased Nigerian stocks worth N550 billion, reaching a…
Coastal Highway: FG pays N2.75bn compensation for demolished properties
During a meeting at Eko Hotel and Suites in Lagos, David Umahi, the Minister of Works, announced that the Nigerian…
Musk dismisses two senior Tesla executives, plans further layoffs
Elon Musk, the CEO of Tesla, has removed two senior executives from their positions and intends to lay off hundreds…
Quinn, architect of HSBC’s sweeping overhaul, announces surprise exit
HSBC, a global banking giant, announced the retirement of its Chief Executive, Noel Quinn, after five years of leading the…