EFCC Operatives Arrest Bureau De Change Operators, Encounter Resistance in Wuse Zone 4 Market
Economic and Financial Crimes Commission (EFCC) operatives conducted arrests of Bureau De Change (BDC) operators at Wuse Zone 4 market…
Category: Local
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 N570.2 billion…
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 2024, scheduled…
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 International…
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 experienced a…
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 (Q1’24),…
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 the…
FMBN adopts performance management system for workers
The Federal Mortgage Bank of Nigeria (FMBN) has introduced a performance management system to assess the performance of its employees,…
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, amounting to…
Transcorp plans share capital reduction
Transnational Corporation Plc has announced plans to reduce its number of shares through a share capital reconstruction, aiming to enhance…
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 to N19.669 trillion for the…
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 globally affected by ransomware,…
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 billion for…
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 N1,402.67…
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 N21.286 billion…
DSTV Tariff Hike: Court Orders Lawyer To Paste Restraining Order At MultiChoice Office
The Competition and Consumer Protection Tribunal in Abuja has directed MultiChoice Nigeria Limited to halt its planned increase in DSTV…
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 charge…
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 N41 trillion…
U.S. Stock Futures Rise, Eyes on Earnings and Jobs Data
U.S. stock index futures rose on Thursday following the Federal Reserve’s decision to leave interest rates unchanged, easing concerns of…
Landmark Beach Management Addresses Customers Amid Demolition Plans
Landmark Beach management has deactivated its app and issued a statement addressing its customers regarding the current developments surrounding plans…
Tinubu Pledges Fair Wages and Improved Welfare for workers
President Bola Tinubu has affirmed that hardworking Nigerians deserve fair wages and better welfare. This message was conveyed in his…
NLC labels FG’s 35% salary increase mischievous
The National President of the National Labour Congress (NLC), Joe Ajaero, has criticized the federal government’s increase of civil servants’…
FG approves 25%-35% salary increase for civil servants in Nigeria
The Federal Government has approved a salary increase ranging from 25% to 35% across various salary structures, aiming to enhance…
Extradition papers for escaped Binance executive ready – Interpol
The International Criminal Police Organization for Africa (INTERPOL Africa) has finalized the extradition papers for Nadeem Anjarwalla, a Binance executive…
Lagos State Uncovers 86 rooms under Ikoyi bridge where tenants pay N250,000 rent
The Lagos State government has uncovered a network of makeshift apartments beneath the Dolphin Estate Bridge in Ikoyi, where tenants…
FCMB Group records 186% profit growth
FCMB Group Plc has announced a remarkable increase in profit before tax, reaching N104.4 billion, marking a substantial 186 percent…
Banks close 2m accounts over BVN, NIN, others
Commercial banks in Nigeria closed more than 2 million bank accounts in the first quarter of 2024 to adhere to…
Pension Fund Managers Increase Stock Investments to N550 bn
In the first three months of 2024, pension fund managers in Nigeria purchased Nigerian stocks worth N550 billion, reaching a…
Coastal Highway: FG pays N2.75bn compensation for demolished properties
During a meeting at Eko Hotel and Suites in Lagos, David Umahi, the Minister of Works, announced that the Nigerian…
Uganda secures $295m loan from Islamic Development Bank for projects
Uganda has recently finalized a deal with the Islamic Development Bank (IDB) in Saudi Arabia, obtaining a loan of $295…