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Airtel incurs $1.7 billion in foreign exchange loss over currency devaluation in…
Airtel Africa's fiscal year 2024 financial report reflects a $1.7 billion loss attributed to currency devaluations…
Nigeria Plans Full Operation of Two Refineries by End of 2024
Senator Ifeanyi Ubah, Chairman of the Senate Committee on Petroleum (Downstream), announced plans for two…
Naira Depreciates by 4.60% at Official Market, Trades at N1,416.57 to Dollar
The Nigerian naira experienced depreciation at the official market, with the exchange rate reaching N1,416.57 to…
Lagos Attracts $3 Billion Investment in Three Years Says Commissioner
Tunbosun Alake, the Commissioner for Innovation, Science, and Technology of Lagos State, announced at the 2024…
African Steel Denies Reports of Ikorodu Factory Shutdown by SON
African Steel Limited has issued a statement debunking media reports alleging the shutdown of its Ikorodu Steel…
‘Automation Capable Of Transforming Governance In Nigeria’
Melanie Ayoola, the Group Executive Director of Tranter IT, highlighted the potential of technology to…
Amazon breaks into Europe 5G networks with Telefonica cloud deal
Telefonica Germany, a subsidiary of Spanish group Telefonica, plans to migrate one million 5G customers to Amazon…
Naira depreciates to N1,415/$ in parallel market
The Naira experienced depreciation against the US Dollar in both the parallel and Nigerian Foreign Exchange Market…
CBN Updates List of Deposit Money Banks, Grants International Authorization to…
The Central Bank of Nigeria (CBN) has released an updated list of deposit money banks and other financial…
Petrol Scarcity in Lagos Sparks Frustration
The petrol scarcity in Lagos is causing frustration among motorists, who face long commutes and struggle to find…
Binance Accuses Nigerian Govt Of Demanding $150m Bribe
The Nigerian government has pledged to continue its pursuit of a criminal case against cryptocurrency platform…
NLC Rejects CBN’s Cybersecurity Levy on Electronic Transfers
The Nigeria Labour Congress (NLC) has vehemently rejected the recent directive by the Central Bank of Nigeria…
EFCC Operatives Arrest Bureau De Change Operators, Encounter Resistance in Wuse…
Economic and Financial Crimes Commission (EFCC) operatives conducted arrests of Bureau De Change (BDC) operators…
UBA Records 110% Rise in Gross Earnings to N570.2bn
United Bank for Africa Plc (UBA) has reported a remarkable 110% Year-on-Year (YoY) increase in gross earnings to…
NOG Energy Week 2024 to Address Sub-Saharan Africa’s Energy Challenges
Stakeholders in the energy sector across Sub-Saharan Africa are gearing up to convene at the NOG Energy Week…
CBN Relaxes Restrictions on Repatriation of Oil and Gas Export Proceeds
The Central Bank of Nigeria (CBN) has eased restrictions on the repatriation of oil and gas export proceeds by…
Prices of rice, garri, beef rise 27.4% in March – NBS
According to data from the National Bureau of Statistics (NBS), the average prices of rice, garri, and beef…
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…
Zenith Bank’s total assets increases to N24.28 trillion in Q4
Zenith Bank Plc has experienced a significant increase in its total assets, rising by 19.21% to N24.28 trillion in…
FMBN adopts performance management system for workers
The Federal Mortgage Bank of Nigeria (FMBN) has introduced a performance management system to assess the…
Equity market bounces back with weekly gain of N812 Billion
After experiencing a downturn of N3.54 trillion in April, the Nigerian equity market saw its first weekly gain,…
Transcorp plans share capital reduction
Transnational Corporation Plc has announced plans to reduce its number of shares through a share capital…
Pension fund assets marginally decrease to N19.669 Trillion in March
Data from the National Pension Commission (PenCom) revealed that Nigeria's pension fund assets dropped marginally…
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…
FCMB Group to pay N9.901 billion dividend to shareholders for FY 2023
FCMB Group Plc, a financial institution in Nigeria, announced that its shareholders will get a dividend of N9.901…
Naira closes 1,402/$ at official market as dollar demand persists
In the initial trading session of May at the NAFEM window, the Naira experienced a small decline, settling at…
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…
DSTV Tariff Hike: Court Orders Lawyer To Paste Restraining Order At MultiChoice…
The Competition and Consumer Protection Tribunal in Abuja has directed MultiChoice Nigeria Limited to halt its…
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…
Lagos GDP Hits N41trn, Ranks 7th In Africa
The Lagos State Government has announced that its Gross Domestic Product (GDP) has increased from N27 trillion to…