Emefiele Woos Foreign Investors In France
The Governor, Central Bank of Nigeria, Godwin Emefiele, has invited foreign investors to consider Nigeria as their choice investment destination,…
Category: Local
‘You’ve Been Inconsistent’ — BudgIT Asks NBS To Publish Data On FAAC Disbursement
BudgIT Foundation, a civic-tech organisation, has called on the National Bureau of Statistics (NBS) to publish data on FAAC allocations…
Aviation Fuel Price Rises By 70%, International Airlines May Raise Fares
The International Air Transport Association has said the price of jet fuel has continued to increase in recent weeks, with…
Naira Gains 3.6% To Trade N540/$1 At Parallel Market
The Nigerian naira has appreciated by 3.6% to N540/$1 at the parallel market — almost four months after the Central…
Senate Approves Buhari’s $16 Billion, €1 Billion Loan Requests
The upper legislative chamber also approved grant components of $125 million. The president had requested the facilities in an addendum…
Billionaire Aliko Dangote’s Net Worth Rises To $19.2bn From $17.8bn In August
Africa’s richest man, Aliko Dangote, has significantly moved up in the Bloomberg Billionaires Index as his fortune increased to $19.2…
P&G Nigeria Gets New MD
Procter & Gamble has appointed Mokutima Ajileye as the Managing Director for the Nigeria market. According to a statement by…
UK Buy Now, Pay Later Start-Up Quadruples Valuation To $2 Billion, Plans U.S. Expansion
British start-up Zilch is riding the “buy now, pay later” wave to America. The London-based company said Wednesday it has…
Twitter Expands Subscription Service To U.S., New Zealand
Twitter Blue subscribers can read articles from publications like the Washington Post, USA Today and Reuters without ads. A portion…
Facebook Gives Estimate Of Bullying, Harassment On Its Platforms For First Time
Facebook for the first time on Tuesday disclosed the prevalence of bullying and harassment on its platform, saying such content…
Cititrust Holdings Sells 100% Stake In Nigerian Subsidiary
Cititrust Holdings Plc has announced its strategic decision to divest its 100 per cent holdings in Cititrust Financial Services Plc…
Visa, Kuda Partner To Issue Physical, Virtual Cards
Kuda Technologies says it has partnered Visa, a leading global digital payment company, to offer digital and physical Visa cards…
Revenue Formula: FG Proposes 3.13% Increase To LGAs
As the debate for the review of revenue allocation amongst the three tiers of government gain traction, the federal government…
Senate Passes Electoral Act Amendment Bill, Approves Electronic Transmission, Direct Primary
The Senate on Tuesday approved the conference committee report on the Electoral Act Amendment Bill. The report was approved after…
Nigerian Raw Sugar Imports Gulp N580.8bn
Nigerian firms backed by Federal Government’s Backward Integrated Programme (BIP) have taken delivery of raw sugar valued at N580.8 billion…
Africa’s 125.8bn Crude Oil Reserves Slump by 500m Barrels in 2021
The 125.8 billion crude oil reserves owned by 17 African countries have depleted by about 500 million barrels this year…
FAAN Plans Tough Punishments To Tackle Corrupt Practices At Airports
The Federal Airports Authority of Nigeria on Monday declared that henceforth any public or private sector official at the airport…
Mobile Money Service Approval Sends MTN Nigeria Shares Up 9.34% To All Time High
Shares of Nigeria’s second biggest listed company MTN Nigeria MTNN.LG rose 9.34% to an all time high on Monday after…
Transactions In Fixed Income, Currency Market Up 94.9%
Turnover in the fixed income and currency (FIC) market rose to N24.03 trillion in September, 2021, representing a 94.89 percent…
Meta Launches Facebook Business Coach For SMBs In Africa
Meta, an American multinational technology company, said it will be launching Facebook Business Coach, an innovative and easily accessible way…
Cooking Gas Price Jumps By 240%, Marketers Halt Imports
Importers of Liquefied Petroleum Gas, popularly called cooking gas, have stopped importing the commodity. Investigations also show that the cost…
Don’t Create Artificial Fuel Scarcity, NNPC Cautions Nigerians
The Nigerian National Petroleum Corporation (NNPC) has once cautioned members of the public against engaging in panic buying of petrol,…
Nigerians Are Safe With 5G Network – FG Clarifies
The Executive Vice Chairman of the National Communications Commission, Prof. Umar Danbatta on Monday in Abuja again clarified that Nigerians…
As Inflation Bites, Nigeria Small Businesses Struggle To Survive
Every morning, Esther George rises before dawn to prepare a cooler of rice and a large pot of beans, as…
Five Dealer Managers To Handle UBA Dollar-Denominated Bond
United Bank for Africa Plc has contracted five dealer managers to administer its five-year fixed rate benchmark Dollar- denominated regulation…
Uber Posts Net Loss Of $2.4 Billion In Q3, But Delivery Business Outperforms
On Thursday, November 4, 2021, Uber announced its third-quarter earnings. In after-hours trading, shares rose 1% after a dip.A drop…
Twitter Plans To Allow Space User Access Live Audio Session
Social media giant, Twitter is improving on its functionality to allow Spaces users access live audio sessions through the web, without necessarily logging into the platform—a development that will…
Africa Requires $2.8 Trillion Investment To Transition To Clean Energy By 2050 – PWC
Energy experts at PricewaterhouseCoopers (PwC) have said that African countries will need an estimated $2.8 trillion investment to transit from…