Nigeria Equity Market Investors Gain N340.29 Billion
Investors in the Nigerian equities market earned N340.29bn as trading ended on the floor of the Nigerian Exchange Limited on…
Category: Local
MTN Nigeria: Service Meltdown Just As It Gets Approval To Issue Debt
The Punch gathered that customers were unable to use the mobile network operator’s call, data and SMS services. As a result,…
MTN Nigeria Get SEC Approval To Launch Its series II Bond
The Securities and Exchange Commission (SEC) has granted MTN Nigeria Communications approval to launch its series II 10-year Fixed Rate…
Federal Government Of Nigeria Allocated N5.93 Trillion To Critical Sectors
The Federal Government has allocated the sum of N5.93tn to critical sectors of the economy including defence, health, education and…
Nigeria Fintech Provider Attracted Over $1 Billion Investment In Six Years
The Nigerian financial technology providers, fintechs, have attracted at least $1 billion (about N410.82 billion) investments in six years. This…
Co-Impact To Give Grant For Promotion Of Gender Equality
Co-Impact has reiterated its commitment to raising and deploying $1 billion, through its Gender Fund, to initiatives working to advance…
Nigeria Lose N103.92 Million From 2976 Hour Twitter Ban
The Nigerian government had on June 4 ordered the suspension of Twitter. Recently, the President, Major-General Muhammadu Buhari (retd.) said,…
We Haven’t Borrowed Beyond Sustainable Limit: Nigeria’s President
President Muhammadu has justified his quest for more financial borrowings, saying that the debt of the federal government was within…
Nigeria Total Pension Assets Have Risen To Over N13 Trillion: PenCom
National Pension Commission (PenCom) says the nation’s total pension assets have risen to over N13 trillion. Director-general of the pension…
International Airlines Plan Airfare Hike Of At Least $2.3bn (N950bn)
Airfare hikes by international airlines operating flights into Nigeria and other countries may be imminent as airport and air navigation…
Nigeria E-Payment Rose By 6.37% In September
The value of e-payment transactions in Nigeria rose by 6.37 per cent to N24.08tn in September. This was according to…
World Bank Growth Projection Of Nigeria Economy Change From 1.8% To 2.4%
The World Bank has said Nigeria’s economy is projected to grow by2.4 per cent in 2021. This is an increase…
Rise In Global Oil Prices And Naira Depreciation Leads To Rise In Price Of Diesel
Fuel marketers have increased the price of Automotive Gas Oil, also known as diesel, to N320 per litre as the…
Nigeria Banks Begin Application Of E-Naira Features
Banks have started to onboard the e-Naira feature on their applications. In its latest update, the Guaranty Trust World app…
Consumption Of Premium Motor Spirit (PMS) Dipped By 132,301,071 Litres In August 2021
The Petroleum Products Pricing Regulatory Agency (PPPRA) report on Petroleum Products Supply in August yesterday indicated that the consumption of…
PMB: Nigeria’s President Writes Lawmakers Requesting 17.67% Increase Of Federal Government’s 2022 Projected Expenditure
Nigerian President Muhammadu Buhari has written to lawmakers seeking a 17.67 percent increase of the Federal Government’s projected expenditure in…
United Kingdom And Lagos State Government Formalise Partnership Programme
The Foreign, Commonwealth, and Development Office has partnered with the Lagos State Employment Trust Fund to launch a program targeted…
Nigeria Broadband Penetration Experienced Significant Increase In August
Broadband penetration in Nigeria increased by 1.21 percent from July to August. Data from the Nigerian Communications Commission (NCC) showed. Despite this…
Anyone Below 18 Years Cannot Register And Own A Sim Card In Nigeria : NCC
The Nigerian Communications Commission has disqualified anyone below the age of 18 from registering and owning a Subscriber Identity Module…
Nigeria Exchange Limited Stock Market Gain N247 Billion
The stock market of the Nigerian Exchange Limited (NGX) yesterday ended trading activities for the second day of the week…
Interstellar Partner With Interswitch Group To Develop Blockchain-Powered Infrastructure
Interstellar Inc. has partnered with Interswitch Group to develop blockchain-powered infrastructure services and solutions. Both firms have been working over…
Airtel Africa New Managing Director and Chief Executive Officer Begin Role Officially
Airtel Africa Plc has announced the resumption of duties of its new Managing Director and Chief Executive Officer, Olusegun Ogunsanya,…
PenCom And EFCC To Work Together In Eradicating Fraud
The National Pension Commission has said it is working with the Economic and Financial Crimes Commission to eradicate fraud in…
Nigeria Government Approves Payment Of Stipend To Student In The Department Of Education
The Federal Government has approved the sum of N75,000 as a stipend per semester for students undergoing degree programmes in…
EFCC Probes Central Bank Of Nigeria Over Multi-Billion Naira Agric Loan Fraud
The Economic and Financial Crimes Commission (EFCC) has begun an investigation into an alleged multi-billion naira fraud at the Central…
BluePeak Private Capital Raise Capital For Flagship Private Credit And Mezzanine Fund
BluePeak Private Capital, an alternative investment firm with a strong focus on Africa, announced that it has raised capital of…
Crypto Exchange “Yellow Card” Raises $15 Million In Series A Funding
Cryptocurrency exchange, Yellow Card, has announced a $15M Series A, the largest ever by an African cryptocurrency exchange, to ramp…
Development Partners International (DPI) Sells Stake In Food Concepts To ACA
Private equity firm Development Partners International (DPI) said on Thursday it has sold about a third of its stake in…