Category: Local
Jaiz Bank Recorded N3.3 Billion Q3 Profit Before Tax
Jaiz Bank Plc has declared a N3.3 billion profit before tax of N3.3 billion in the third quarter of this…
New Cybersecurity Format Threatens Hybrid Workplace
Latest Security report, titled: Out of Sight and Out of Mind, a comprehensive global study highlighting how the rise of…
Meta (Facebook) Plans To Open It’s First Retail Store
Meta is in discussion and may soon open its first retail store as it looks to break into the metaverse…
Nigeria: Over 40 Million Unbanked Adult To Enjoy Mobile Money
Estimated at over 40 million, Nigeria’s unbanked adult population who are mostly in the hard-to-reach rural communities are expected to…
Robinhood Said Third Party Obtained Access To Customers Email
Robinhood Markets said on Monday a third party had obtained access to the email addresses of about five million of…
Nigeria Stock Market Investors Gain N643.1 Billion
The Nigerian stock market began the week on a positive note as investors gained N643.14bn at the end of trading…
CBN 100 For 100 PPP Maximum Is N5 Billion
The Central Bank of Nigeria has fixed the maximum loan amount that a participant in its newly introduced initiative, called…
Rainoil Acquires Majority Stake In Eterna Plc
Rainoil Limited, a leading player in the downstream oil and gas industry, has completed the acquisition of majority shares in…
Twitter Users Suggest Elon Musk Should Sell Part Of Tesla Stake To Pay Tax
Twitter users have voted that Elon Musk, the billionaire founder of Tesla Inc., should sell 10 percent of his stake…
Cryptocurrency Market Now Worth Over $3 Billion
The world cryptocurrency market is worth more than $3 trillion for the first time, according to calculations Monday, as mainstream investors…
EFCC Operatives Clash With Prison Officials Over Custody Of Maina
There was a commotion at the federal high court in Abuja on Monday after the sentencing of Abdulrasheed Maina, former…
FMDQ Securities Exchange Limited Partners With Luxembourg Stock Exchange
FMDQ Securities Exchange Limited has partnered with Luxembourg Stock Exchange (LuxSE) to facilitate the dual listing of securities issued by…
Customs Explores E-Naira For Duty Collection
The Nigeria Customs Service (NCS) has expressed readiness to begin collection of import duty with the e-naira that was recently…
Freight Forwarders Vowed To Resume Industrial Action
Freight forwarders have vowed to resume the suspended industrial action at the expiration of a new notice issued to international…
N4tr Power Liquidity Crisis: Stakeholders Urge CBN To Review Interventions
Stakeholders in the Nigerian power sector are unsettled on the need for the Central Bank of Nigeria (CBN) to continue…
CBN Confiscates 67,000 Counterfeit Naira Notes In 2020
Higher banknotes’ share of value of currency in circulation is 98% A total of 67,265 banknotes with a nominal value…
CBN’s Suspension Of Foreign Exchange Supply To BDCs Boosts Banks’ Income As 6 DMBs Rake In N145.6bn
With Central Bank of Nigeria (CBN) suspending Foreign Exchange (FX) supply to Bureau De Changes (BDCs), a total of six…
Still On Osinbajo’s Call To Float Naira
What other options do we have to increase the supply side of forex to the Nigerian economy, or do we…
Forex Scarcity: How We Help Manufacturers Get Dollars – Adebayo, Trade & Industry Minister
Otunba Richard Adeniyi Adebayo, Minister of Industry, Trade and Investment, giving his mid-term report, explains how his ministry supports manufacturers…
US-Based At One Ventures Leads Round For Electric Vehicle Manufacturer
Opibus, the first company in Kenya to commercially future-proof diesel and gasoline vehicles by converting them to electric, is set…
Chipper Cash Raised $150 Million In Series C Extension Round
Chipper Cash, an African cross-border payments company, has raised $150 million in a Series C extension round led by Sam…
Nigerian Stock Exchange Dropped By 0.06 Percent
The Nigerian stock market lost N12.58bn last week as investors took profits in oil and gas, banking and consumer goods…
MDA Bank Charges And Insurance Premiums Expected To Amount To N22.6 Billion
Deposit Money Banks and insurance companies are expected to rake in the sum of N22.6bn in bank charges and insurance…
FG: New Electricity Will Connect Nigeria To Three Other Countries
The Federal Government announced on Friday that the transmission line being constructed under the West Africa Power Pool North Core…
Magistrates Sign Blank Warrants For Police, EFCC To Raid Homes, Freeze Accounts – Adegboruwa
In this interview with ENIOLA AKINKUOTU, human rights lawyer, Mr Ebun-Olu Adegboruwa (SAN), speaks about the raid on the home…
Twitter Barn It’s Trend Section In Ethiopia Temporarily
Social network Twitter Inc has temporarily disabled its Trends section in Africa’s conflict-hit nation of Ethiopia over threats of physical…
N58.6Billion Spent To Print N1.06Trillion In 2020 – Central Bank Of Nigeria
The Central Bank of Nigeria (CBN) says it spent N58.618 billion to print 2.518 billion of naira notes, valued at…