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SEC approves Chiemeka’s appointment as NGX CEO
Jude Chiemeka has been officially appointed as the Chief Executive Officer of the Nigerian Exchange Limited (NGX),…
Union Bank promotes 337 employees
Union Bank of Nigeria has announced the promotion of 337 employees across its various departments. The bank's…
Access Holdings Kicks Off N351bn Capital Raising
Access Holdings Plc is set to raise a whopping N351 billion through a Rights Issue for its existing shareholders.…
DisCos further raise Band A electricity tariff, blame operating costs
Electricity Distribution Companies (DisCos) in Nigeria have approved another tariff hike for Band A consumers due…
Senate to receive ‘N6.6trn’ supplementary budget next week
The Senate Committee on Public Affairs, led by Yemi Adaramodu, is set to review a supplementary budget of around…
FG up to date on debt payments, $700m paid, says Edun
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, announced that the federal…
NCDMB won’t register oil service providers without capacity – ES
The Nigerian Content Development and Monitoring Board (NCDMB) has announced stricter measures for approving oil…
Vehicle importation down by 45% over forex crisis – CGC
Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, revealed a significant 45% decline in vehicle…
Industrial and Medical Gases Nigeria Plc Appoints Aminu Ado Chairman
Industrial and Medical Gases Nigeria Plc (IMG) has appointed Aminu Ado as its new substantive chairman. This…
$1.5bn oil sector divestment deals completed – FG
The Federal Government of Nigeria has announced the successful completion of significant oil divestment deals…
Protests rocks UNIBEN as students shut down Benin-Ore highway over power outage
Students of the University of Benin (UNIBEN) staged a protest on Wednesday, blocking the Benin-Ore Highway to…
Sanwo-Olu to establish Lagos state sovereign investment fund, lobbies NSIA to…
Governor Babajide Sanwo-Olu of Lagos State announced plans to establish a Sovereign Investment Fund during a…
No economic growth will happen unless interest rate at 30% goes down – Aliko…
Aliko Dangote, Chairman of the Dangote Group, criticized the Central Bank of Nigeria's (CBN) decision to raise the…
Access Holdings commences N351bn ordinary shares offer to shareholders
Access Holdings has launched a rights issue of 17.7 billion ordinary shares at N19.75 per share, totaling N351…
FG Clears $850m Debt To EU Airlines
The Nigerian government has cleared a backlog of debts amounting to $850 million owed to European airlines, as…
FAKE NEWS ALERT: No Explosion At Zungeru Hydroelectric Dam, Say ED, Police
Siraj Abdullahi, executive director of the Zungeru hydroelectric dam in Niger state, refuted reports of an…
Adefeko Calls For Urgent Action To Address Food Insecurity
Ade Adefeko, director of corporate and regulatory affairs at Olam Agri, has called for urgent measures to address…
Senate Passes Bill To Allow Foreigners In Nigeria Obtain NIN
The Nigerian Senate has passed a bill for a second reading that proposes granting all persons, including…
Nigeria Air Project Remains Suspended Pending Presidential Decision
The Nigerian government's Nigeria Air project remains suspended as Minister of Aviation and Aerospace Development,…
Stanbic, Citibank, Rand lead $1bn capital importation
In the fourth quarter of 2023, Nigeria saw a 2.62% increase in capital importation, reaching $1.09 billion,…
Nigeria’s N121.6trn Debt Exceeds 50% GDP
PricewaterhouseCoopers International Limited (PWC) has reported that Nigeria's public debt soared to N121.67…
Credit to government rises by 42% to N28.4trn
Credit to the Nigerian government experienced a substantial month-on-month increase of N8.4 trillion, rising by 42…
Best performing stocks in the NGX in the first half of 2024
The Nigerian Exchange (NGX) achieved a significant growth of 33.81% in the first half of 2024, with the All-Share…
Coronation Insurance posts 192% profit growth in 2023
Coronation Insurance Plc has reported an impressive year-on-year profit growth of 192% for the fiscal year 2023.
…
Nigeria’s telecom sector attracts $191.5 million FDIs in Q1 2024 – NBS
Nigeria's telecommunications sector attracted $191.5 million in Foreign Direct Investments (FDIs) in Q1 2024.
…
Dangote refinery begins gasoil exports to West African countries, as imports from…
Nigeria’s new Dangote oil refinery is increasing gasoil exports to West Africa, capturing market share from…
Toyota to launch three electric vehicles in Nigeria
Toyota Nigeria Limited (TNL) announced plans to introduce three electric vehicles in Nigeria over the next three…
New Minimum wage may push states into bankruptcy — NGF report
The implementation of a new minimum wage in Nigeria is facing roadblocks. While President Tinubu has promised to…
NESG Backs CBN’s Stoppage Of Price Verification System On FX
The Nigerian Economic Summit Group (NESG) is praising the Central Bank of Nigeria's (CBN) decision to eliminate…
MRS Nigeria Delisted from the Nigerian Stock Exchange, Eyes OTC Market
MRS Nigeria Limited, an oil marketing firm, has received shareholder approval to voluntarily delist its shares…