Operators sue govt as PoS registration deadline ends
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has taken legal action against the Corporate Affairs Commission…
Category: Local
United Capital Trustees gets new CEO
United Capital Trustees, a subsidiary of United Capital Plc, has appointed Michael Thomas as its new Managing Director and Chief…
Tax expert cautions FG against implementing 10 per cent VAT
Former Ogun State Commissioner for Finance, Mrs. Morenike Babington-Ashaye, has cautioned the Federal Government against implementing the newly proposed 10%…
PFAs diversify assets as equity stake jumps 40%
Nigeria’s Pension Fund Administrators (PFAs) have increased their equity investments by 40% in just one year, reflecting the growing confidence…
Why We Approved Crypto Exchanges- SEC
The Securities and Exchange Commission (SEC) of Nigeria recently approved two cryptocurrency exchanges, Busha Digital and Quidax Technologies, as part…
Delisting: Shareholders’ stance unchanged amid PZ Cussons’ N28bn negative equity
Shareholders of PZ Cussons Nigeria are pushing back against the company’s plan to delist from the Nigerian Exchange (NGX), despite…
Yield-hungry investors subscribe Nigerian Treasury Bills with N1.13 trillion
Investor interest in Nigerian Treasury Bills (NTBs) surged at the recent auction held on September 4, 2024, as total subscriptions…
Shettima inaugurates $115m upgrade of APM terminals west Africa container terminal
Vice President Kashim Shettima officially inaugurated a $115 million upgrade project at the West Africa Container Terminal (WACT) in Onne,…
Nigerian PMI Report: August Sees First Economic Expansion in Over a Year
In August 2024, Nigeria’s Purchasing Managers’ Index (PMI) showed its first economic expansion in 13 months. The Central Bank of…
Nigeria’s exchange rate weakens to N1,625.88/$1, worst in six months
On August 4, 2024, the naira fell to a six-month low of N1,625.88 per dollar in the official NAFEM market,…
$500m domestic dollar bond result expected Friday
The Federal Government of Nigeria is set to announce the results of its $500 million domestic US dollar bond by…
Petrol price hike: NLC cries foul, threatens strike
The Nigeria Labour Congress (NLC) has called on the federal government to immediately reverse the recent increase in the price…
Sovereign Trust Insurance pays N1.9bn claims in H1
Sovereign Trust Insurance Plc has reported disbursing N1.9 billion in claims during the first half of 2024. The payouts, covering…
Power generation hits 5,313MW, first time in three years
Nigeria’s power generation surged to a three-year high of 5,313 megawatts on Monday, according to the Federal Ministry of Power.…
Air cargo demand rises by 13.6% – IATA
The International Air Transport Association (IATA) reported a 13.6% increase in global air cargo tonne-kilometres in July 2024 compared to…
Virgin Atlantic begins Accra-London flight
Virgin Atlantic has announced the re-launch of its daily flights between Accra, Ghana, and London Heathrow, starting May 1, 2025.…
Oando director resigns
Oando Plc has announced the resignation of Mr. Tanimu Yakubu as a non-executive director, following his decision to undertake a…
EV firm Polestar taps former Stellantis finance executive as CFO
Polestar announced the appointment of Jean-Francois Mady, a former Stellantis finance executive, as its new CFO, following the recent replacement…
‘It’s falsehood,’ FG denies ordering NNPC to raise fuel price
The Federal Government has refuted claims suggesting that the Ministry of Petroleum Resources ordered the Nigerian National Petroleum Company Limited…
NGX, UNIMAID Sign Strategic Partnership to Promote Capital Market Education
The Nigerian Exchange (NGX) and the University of Maiduguri (Unimaid) have signed a Memorandum of Understanding (MoU) aimed at bridging…
PremiumTrust Bank posts N47.8b gross earnings
PremiumTrust Bank achieved gross earnings of N47.80 billion and a profit before tax of N14.10 billion in 2023, as announced…
Nigeria’s manufacturing sector plunges as GDP contribution declines by 20.95% in 6 months
Nigeria’s manufacturing sector has seen a significant decline in its contribution to the nation’s GDP, dropping by 20.95% in the…
Equities market resumes September bullish, investors gain N123bn
The Nigerian equities market kicked off September on a bullish note, with investors’ wealth growing by N123.45 billion due to…
NCAA Clarifies Misconception Of U.S. Flight Ban For Nigerian Airlines
The Nigeria Civil Aviation Authority (NCAA) has addressed recent reports claiming a U.S. ban on Nigerian airlines, clarifying that there…
DMO opens September bonds offer with 18.2% interest
The Federal Government of Nigeria, through the Debt Management Office (DMO), has launched its September 2024 Federal Government of Nigeria…
Petrol scarcity: No respite as marketers run out of stock amid slump in imports
Nigeria’s petrol scarcity crisis has deepened, with fuel marketers struggling to replenish their dwindling stock as the Nigerian National Petroleum…
Equity market reverses loss with N117bn gain
The Nigerian Stock Exchange (NSE) rebounded on Thursday, recovering from the previous day’s losses as investors gained N117 billion. The…
Manufacturing grows by 1.28%
In the second quarter of 2024, Nigeria’s manufacturing sector recorded a year-on-year growth of 1.28%, according to the latest Gross…
CBN lifts suspension on bank borrowing, sets 31.75% lending rate
The Central Bank of Nigeria (CBN) has reinstated access to its Standing Lending Facility (SLF) following the recent 296th Monetary…
Reps Uncover Over N500b In Unused TETFund For Nigerian Universities
The House of Representatives has pledged to address the challenges preventing Nigerian tertiary institutions from accessing over N500 billion in…