Browsing Category
Local
World Bank slashes global growth forecast and warns about growing inequality
World Bank slashed its global growth forecast for 2022 and 2023 and cautioned a rise in inflation, debt and income…
Stanbic, Standard Chartered, Citi Lead As Banks Record $38.2bn Foreign Inflows
Stanbic IBTC, Standard Chartered Nigeria, and Citibank Nigeria lead as capital importation from banks hit $38.18bn…
We Are Not Affiliated With Access Capital Investment Platform, Says Access Bank
Access Bank Plc says it has no business engagement or affiliation with Access Capital Investment Platform, an…
Dangote Cement To Buy Back 170m Shares From Shareholders
Dangote Cement Plc says it will repurchase 170 million ordinary shares from shareholders in the second tranche of…
FG Lifts Suspension On Twitter Operations
President Muhammadu Buhari has approved the lifting of the suspension on the Twitter operations in Nigeria.
The…
‘No Staff Will Be Affected In 2022’ — Standard Chartered Confirms Closure Of…
Standard Chartered Bank has confirmed the closure of 50 percent of its Nigerian branches.
Dayo Aderugbo, Head,…
Days After Listing, BUA Foods’ Shares Jump 46.25%, Market Cap Hits N1.053trn
The shares of BUA Foods Plc have appreciated by 46.25 percent on the Nigerian Exchange Limited (NGX) after its…
COVID-19: Nigeria Yet To Vaccinate 50% Of Target Population, Says FG
The federal government has said the country was yet to vaccinate 50 per cent of its eligible population since the…
WhatsApp co-founder Acton named Signal’s interim CEO
Messaging app Signal's founder Moxie Marlinspike will step down and WhatsApp co-founder Brian Acton will become the…
Nigeria President Cancels Restoration Of INTELS’ Pilotage Contract
INTELS Nigeria Limited set to retain its service boat contract in the pilotage district of Lagos, Warri, Bonny,…
UBA’s Leo clocks 4, set to further transform digital banking in Nigeria, Africa
Africa’s global bank, United Bank for Africa has said that it has concluded plans to commemorate the 4th year…
Globacom Lifts Nigeria’s Mobile Subscribers To 140 Million — Highest In Six Months
The Nigerian Communications Commission (NCC) says the country’s internet subscribers rose to 140.41 million in…
Higher Oil Prices’ll Drive Nigeria’s Economy By 2.5% In 2022 – World Bank
The World Bank has projected a 2.5 % economic growth for Nigeria in 2022, and 2.8% by 2023 as the price of oil…
Bolt Now Valued Above $8bn After Raising $712m To Expand Product Lines
Bolt, a ride-hailing company, says it has raised $712 million (€628 million) to expand its transportation and food…
Nigeria: NBET Pays GENCOs 50% Of Invoice On Power Supply
Power generation companies (GenCos) were paid just half of their total invoice to the Nigerian Bulk Electricity…
Tech Startup Raises $1.7m For Expansion
Bfree, a credit management fintech, has raised $1.7m in a pre-Series A round to embark on expansion in emerging…
Oil Market: Bonny Light Price Hits $81.81 Per Barrel
The price of Bonny Light, Nigeria’s premium oil grade, has risen to $81.81 per barrel in the global market, as the…
Standard Chartered To Shut Half Of Nigeria Branches
Standard Chartered Plc is closing about half its Nigerian branches in a pivot to digital banking, according to…
Foxconn India iPhone plans to reopen on Wednesday -legislator
Apple Inc supplier Foxconn will reopen an iPhone manufacturing facility in southern India on Wednesday.
Foxconn…
Nigeria’s Diaspora Remittances May Beat World Bank’s Projection, Rise 10% To…
Nigeria’s diaspora remittances inflow is set to beat the World Bank’s projection for 2021, as it rose to $14.2…
Gains In BUA Foods, 27 Stocks Lift Capitalisation Further By N28 Billion
Transactions on the equities sector of the Nigerian Exchange (NGX) market capitalisation increased by N28 billion…
Gmail Hits 10 Billion Installs On Android, Becomes Fourth To Surpass Milestone
Total number of Gmail app installations has surpassed 10 billion on android, emerging the fourth app on Google play…
Expert: CBN Policies Can’t Rescue Naira
The naira-dollar exchange rate gap widened from N80.67 per dollar at the beginning of 2021 to N152.83 per dollar…
Fed Govt Lists New Savings Bonds On NGX
The Federal Government at the weekend listed its latest monthly issuances of savings bonds on the Nigerian Exchange…
FG Loses N1.474tn To 222 Terminal Shutdowns In 10 Months
Nigeria’s crude oil earnings were depleted by about N1.474tn between January and October 2021 due to various…
Nigeria: NANS Rejects N10 Per Litre Tax On Soft Drinks
The National Association of Nigerian Students in the South-West zone has condemned the Federal Government’s plan to…
Political Selection Of Discos By Jonathan Administration Cause Of Sector Failure –…
President Buhari has berated the GEJ administration for the non-credible selection process of distribution…
EU plans law requiring tech firms to do more to combat child abuse
The European Union plans to pass a law requiring technology companies to do more to tackle child sexual abuse.…
Nigeria: Debt Servicing Gulps 76% Of Revenue, Experts, Buhari Disagree On…
The Federal Government on Wednesday disclosed that it spent N4.2tn on debt servicing between January and November…
Dangote, Adenuga, Rabiu Pocket N2.35tn In 2021
Nigeria’s three richest men, Aliko Dangote, Mike Adenuga, and Abdulsamad Rabiu saw their combined wealth jump by…