US-based Low-skilled Nigerians Increase Income by 1,500%.
According to data from the World Bank, low-skilled Nigerians who immigrated to the US had a 1,500% rise in their…
Category: Business
Q1 2023: Foreign Investment in the Stock Market Declines to N53.71 billion.
According to a study by the Nigerian Exchange Limited (NGX), foreign investors’ inflow into the stock market of the Nigerian…
Ex-CEO of South Africa’s Eskom: Conservative Estimate of $55 million in Monthly Theft.
Andre de Ruyter, the former CEO of South Africa’s state-owned power company Eskom, claimed on that his earlier estimate that…
MultiChoice Raises DSTv and GOTv Subscription Rates by 17%.
MultiChoice Nigeria announced an increase of 17% in the cost of its DStv and GOtv packages. The new charges will…
NSIB Praises the FG for the Airport Fire Tenders.
The Federal Government’s efforts to improve aviation safety in the nation by purchasing fire tenders for airports have been praised…
FG and US Company Ink MoU on $15 billion Rail Project.
Atlanta Global Resources Inc. of the United States and the Federal Government, acting through the Ministry of the Niger Delta,…
Banks and Telcos Meet as USSD Debt Reaches N100 billion.
Deposit Money Banks’ total debt to telecom companies for Unstructured Supplementary Service Data has exceeded N100 billion. As a result,…
NNPCL: AKK Pipeline Construction Gulped $1.1bn.
According to Mele Kyari, group chief executive officer of NNPC Ltd., the Nigerian National Petroleum Company Limited has already invested…
Criterion Africa Partners Completes Investment in Merensky Timber.
Merensky Timber, one of the top integrated timber product companies in Africa and a fully owned subsidiary of Hans Merensky…
AFC Equity Investment to Buy Ghana-focused Aker Energy.
Aker Energy, the owner of the Pecan oilfield off the coast of Ghana, will be purchased through a deal mediated…
Raxio Secures $170m Funding for Data Center Rollout in Africa.
To aid in its expansion throughout the continent, pan-African data center developer Raxio Data Centres has obtained a debt arrangement…
DPI Acquires ex-Louis Dreyfus Company Solevo.
Development Partners International (“DPI”), an investment business with a focus on Africa, has acquired Solevo Group (“Solevo”). It’s a major…
Leadway Assurance: Implements Security Measures Against Hackers.
According to Leadway Assurance Company Ltd, it has taken “mitigation steps” after discovering a hacker intrusion in its system that…
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…
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 appreciated by 11.54 base…
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 of…
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 from various…
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 federal…
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 shareholders for maintaining strong…
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 with the Edmond…
Dangote Sugar Pays a Dividend of N18 billion.
Despite the economic difficulties that characterized the 2022 financial quarter, Dangote Sugar Refinery Plc said it will pay N18.22bn in…
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 installed for customers…
Dangote Guarantees Greater Profits for Shareholders.
Aliko Dangote, the chairman of Dangote Cement Plc, has pledged to shareholders and other stakeholders that the company will increase…
Five Fintech Companies Received SEC Approval to Operate as Capital Market Operators.
The Securities and Exchange Commission has recognized five financial technology companies as legitimate capital market operators. This information was made…
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 in 2022, a…
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 cooperation…
Russia Increases Gasoline Exports in Q1 and Replaces European Consumers With African Countries.
Following the European Union’s boycott on Russian goods on February 5, Russia increased exports of the motor fuel to African…
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 led by Mr. Tony Elumelu,’s…
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 thanks to a Memorandum…