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Electricity Tariff Surge By 58% After N500bn Subsidy Suspension –Report
Findings have shown that electricity tariffs increased by 58% after the Federal Government yanked off a yearly…
Nigeria’s PZ Cussons Fights Off Inflation To Post 277% Rise In Profits.
Leading conglomerate, PZ Cussons Nig Plc, released its Q4 2021/22 unaudited results for the period ended May 31,…
Fuel Scarcity: FG To Sanction Fuel Stations Selling Fuel Above N165.
The Nigerian Government has decided to clamp down on filling stations selling Premium Motor Spirit (PMS); above…
Investors In MTN Public Offer Gain N35 Billion In 6 Months
Investors in MTN’s Public Offer for Sale conducted in December 2021 have gained an estimated N35 billion; since…
FG spends N1.243tn Monthly As Fuel Subsidy Hits N600/Litre – Operators
The amount spent as subsidy by the Federal Government on every litre of Premium Motor Spirit; popularly called…
Firm Invests N24bn In Edo Integrated Farm
Saro Group of Companies has invested not less than N24bn in an integrated farm in Edo State; in a concerted effort…
Nigeria’s Bitcoin P2P Surge By 25% In 180 Days Amid Falling Naira
Despite government rules limiting crypto trades within financial institutions to protect citizens and monitor the…
Naira Falls At Official Market Despite Slight Improvement In FX Supply
The exchange rate between the naira and the US dollar closed at N420.25/$1 at the Investors and Exporters…
Wema Bank Launches Innovation Challenge For Kids
Wema Bank Plc has unveiled its Kids’ innovation challenge aimed at encouraging children. This, however, It teaches…
Analysis: Food Export Bans, From India To Argentina, Risk Fueling Inflation.
It only took 24 hours last month for Prime Minister Narendra Modi's government in India. The world's…
Banking Body Urges Decisive Wave Of Global Rate Hikes To Stem Inflation.
The world's central bank umbrella body, the Bank for International Settlements (BIS), has bawl for interest rates…
Telecom Firms’ Operating Costs Rise by N265bn – Nigerian Communications…
The operating costs of telecommunication companies in Nigeria rose from N1.4tn in 2020 to N1.66tn in 2021. This…
China Approves ICBC-Goldman Joint Venture To Offer Wealth Services
Industrial and Commercial Bank of China (601398.SS), (1398.HK) (ICBC) said its wealth management joint venture…
Customs, Firm Sign $3.2bn Digitisation Deal, FG Targets $176bn Revenue
The Nigeria Customs Service and a consortium, Trade Modernisation Project Limited, signed a concession agreement…
Seven Communities Benefit From Ogun Resettlement Scheme-Nigeria.
The Ogun State government has said that seven communities in Agbara/Igbesa, Ado-Odo/Ota Local Government Area of…
U.S. Stocks Rise As Yields Hit Two-Week Low; Copper Falls
Stocks on Wall Street rose on Thursday as U.S. Treasury yields fell to a two-week low, while copper was at…
15.64 Million Litres Of petrol Smuggled Out Of Nigeria Daily – Report
About 15.64 million litres of petrol are smuggled out of Nigeria daily. Nigerian petroleum products retail at an…
MTNN, OANDO Lead Giners By Value, With NGX Market Cap Up By N130 Billion.
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…
Drinksdirect.ng And Cane Integrated Investment Ltd On Empowering Women And Young…
Empowerment program by Cane and drinksdirect.ng
Crypto Focus: Why SNX Is Up Over 100% Despite Market Crash
SNX, the native token that powers the Synthetix Decentralized Finance protocol, has surged in value in what is a…
Tesla Under Pressure To Boost Wages To Attract Workers To German Plant
Electric carmaker Tesla (TSLA.O) is having to raise wages to attract employees to its new manufacturing plant…
Crypto Fears Now Materialising, Central Bank Body BIS Says
Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital…
CardinalStone Securities Limited Executes The Largest Block Deal In The Nigerian…
CardinalStone Securities Limited is pleased to announce the execution of the sale of 27,336,952,296 ordinary…
Nigeria’s Sovereign Investment Authority (NSIA) Plans Takeover Of Power Plants
Reports indicate that Nigeria’s Sovereign Investment Authority (NSIA) is planning a takeover of underperforming…
FG Inaugurates Committee To End Agro Exports Rejection- Nigeria.
Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo,inaugurated a committee to examine and end…
Debt Management Office Says Subscriptions For FGN Bonds Rose From N100 Million To…
The Debt Management Office (DMO) stated that subscription to FGN savings bonds has increased from about N100…
Domestic Foreign Transactions On Nigerian Exchange Hits N1.506trillion In 5 Months
The total value of domestic and foreign transactions on Nigerian Exchange Limited (NGX) for the first five months…
Odu’a Investment Company Declares N418.4 Million Dividend Payment To Shareholders
Odu’a Investment Company Limited has approved to pay its shareholders N418.4 million as final dividends for the…
Investors Lose N247.62 Billion In Two Top Nigerian Banks Year-To-Date As Sell…
Sell pressure witnessed on shares of the top two Nigerian banks in market capitalisation Zenith Bank Plc and GTCO…
The NGX Continues Bullish Run As Market Cap Grows By Over N150 Billion
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…