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Business
Cornerstone Insurance upbeat on recapitalisation
Cornerstone Insurance Plc is ready for any recapitalisation measures from the National Insurance Commission.
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Monthly power subsidy soars by 151% to N211bn
The Federal Government's electricity subsidy rose from N252.76bn to N633.30bn in the first quarter of 2024,!-->…
Banks, others shut as hunger protest holds
Banks and financial institutions in Nigeria will be closed on Thursday, August 1, 2024, due to a planned hunger!-->…
Controversy Surrounds Omolola Oloworaran’s Appointment as Acting PenCom DG
The National Pension Commission (PenCom) has announced Omolola Oloworaran as the new Acting Director-General,!-->…
Minister orders probe into $300 passport fee allegations at Nigerian Embassy in…
Minister of Interior, Olubunmi Tunji-Ojo, announced an investigation into complaints from Nigerians in London!-->…
African Central Bank Governors to Meet in Abuja, to Discuss Trade and Financial…
African Central Bank Governors are gathering in Abuja from August 1-3 to focus on increasing intra-African trade!-->…
Fitch revises Benue outlooks to positive
Fitch Ratings has upgraded Benue State’s Long-Term Issuer Default Rating (IDR) outlook from Stable to Positive,!-->…
Aminu Umar appointed 1st African director on the board of International Chamber of…
Aminu Umar, President of the Nigerian Chamber of Shipping, has been appointed as the first African director on the!-->…
Otedola announces support for windfall tax, urges banks to curb private jet…
Femi Otedola, Chairman of FBN Holdings, has announced his support for the windfall tax. He highlighted its role in!-->…
FCMB Group Plans N110 Billion Capital Raise with New Share Offer
FCMB Group announced plans to raise N110 billion by issuing new ordinary shares at N7.30 each on the Nigerian!-->…
African Airlines Record 11.8% Growth In Cargo
The International Air Transport Association (IATA) reported strong growth in global air cargo demand for June!-->…
Seplat Posts N244bn Half Year Pre-Tax Profit
Seplat Energy Plc announced a staggering 461% increase in pre-tax profit for the half-year ending June 30, 2024,!-->…
HSBC records $21.6 billion pre-tax profit in first half 2024
HSBC announced pre-tax profits of $21.6 billion for the first half of 2024, slightly down from last year's record.!-->…
UK’s gain, Nigeria’s pain as nurses migration hits 9-years high
Nigerian-trained nurses are increasingly passing their professional exams in Nigeria but submitting their results!-->…
Youths’ anger shows up in SIM-NIN validation
On Monday, Nigerians protested aggressively against telecom companies that blocked lines not linked to the!-->…
Airlines fly lucrative routes as plane shortage lingers
Nigerian airlines are adjusting their flight schedules to prioritize busy airports due to a shortage of aircraft.!-->…
MTN declares N519bn loss in H1 on inflation, weak naira
MTN Nigeria Communications Plc has reported a significant loss after tax of N519.1 billion for the first half of!-->…
Bitcoin dips as Mt. Gox moves $8.6 billion ahead of looming payouts to creditors
Mt. Gox, the defunct cryptocurrency exchange, recently executed a significant transaction involving over $2!-->…
Lagos State Partners with PMI to Boost Project Management Efficiency
The Lagos State Government has formalized a partnership with the U.S.-based Project Management Institute (PMI) to!-->…
9mobile customers groan as network is down for over 3 days
Customers of 9mobile are experiencing significant frustration due to a prolonged network outage that has affected!-->…
Customers besiege banks to reactivate dormant accounts
Bank customers have been visiting their banks to reactivate dormant accounts in response to new Central Bank of!-->…
Morning Bid: Microsoft and job openings to hit pre-Fed vigil
This week, U.S. and global markets are focused on several significant events, starting with Microsoft's quarterly!-->…
Zenith Bank Finalises Plans For N290bn Rights Issue, Public Offer
Zenith Bank Plc is set to raise a substantial N290 billion through a combined Rights Issue and Public Offer. This!-->…
Why CBN Wants To Take Over Dormant Account Balances From Banks
The Central Bank of Nigeria (CBN) has introduced new guidelines to manage dormant accounts and unclaimed funds in!-->…
Customs declares N2.74trn H1 revenue, surpasses target by 8%
The Nigeria Customs Service (NCS) collected N2.74 trillion in the first half of 2024, surpassing its target of!-->…
Nigeria’s spending on jet fuel importation falls 87% to N31bn
Nigeria's spending on jet fuel fell sharply by 87% in the first quarter of 2024, dropping to N31 billion from!-->…
SEC approves extension of Fidelity Bank offer by 14 days
The Securities and Exchange Commission (SEC) has allowed Fidelity Bank to extend its Public Offer and Rights Issue!-->…
Nigerians risk layoff as top UK aid supplier faces collapse
Crown Agents, a long-established UK development contractor, is facing collapse due to severe financial issues.!-->…
Naira crude sale ends 20-year-old opaque supply market
The Nigerian government will start selling crude oil in naira to local refineries like Dangote's, ending a!-->…
NAMA Suspends Planned 800% Hike In Navigation Charges For Airlines
The Nigerian Airspace Management Agency (NAMA) has suspended its planned 800% increase in aircraft navigational!-->…