Nigeria: Phishing Attack On Business On The Rise Since The Start Of Pandemic
About 66 percent of Nigerian firms have reported an increase in phishing attacks since the pandemic started. Sophos, a cybersecurity…
Category: Local
Naira Depreciates Further In The parallel market; Exchanges At N557 To $1
Naira depreciates as the exchange rate at the parallel market depreciated again to another all-time low on Tuesday to close…
Double-Digit inflation Rate Drove Ten Nigeria Banks Operating Expenses By Seven Percent To N932.26billion
Despite the bountiful profits reported by deposit money banks in the country in their Q2 reports, it has emerged that…
ECO-Green Buses Get Introduced To Nigeria By Austrian Technologies
Austrian Technologies Nigeria, a natural gas-powered vehicle manufacturer, has disclosed details of its full range of ECO-Green buses, some of…
Nigeria Cryptocurrency Market Experience Over 1000% Growth In One Year
The cryptocurrency market in Nigeria and other African countries have grown by 1200 per cent in one year. This was…
Nigeria’s Inflation slides For Five Consecutive Month
The Consumer Price Index which measures inflation rate fell to 17.01 per cent in August, the National Bureau of Statistics…
Nigeria’s Attorney General Dragged To Court Over Non Remittance Of Stamp Duties
The Attorneys-General of the 36 states of the federation have dragged the Attorney-General of the Federation, Abubakar Malami, before the…
Intra-African Trade Slows, Raises Concern For Stakeholders
Stakeholders have highlighted the underlying issues hampering the growth of intra-African trade despite the ratification of the African Continental Free…
United Bank Of Africa Announced It’s Half Year Financial Result
Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has announced its audited half year financial results for the half…
Nigeria: MTN And Flutterwave In Mobile Money Partnership
MTN has announced a mobile money partnership with Africa’s leading payments technology company, Flutterwave. The partnership will allow businesses integrating Flutterwave in…
Nigeria: Apapa Customs Command Generates 87.8 Billion Naira In August
Apapa Comptroller, Malanta Yusuf, disclosed at a media briefing in Lagos, noted that the remarkable feat was the first in…
Shell Brings Amberjack Pipeline Machine Back Online
Shell Midstream Partners LP said on Friday its Amberjack pipeline system was back online after it was shut due to…
E-Naira To Strengthen The Banking System- Central Bank Of Nigeria
The Central Bank of Nigeria has said e-Naira will strengthen the banking system and make it easier to comply with…
Nigeria’s 36 States Generated 5.3 Trillion Naira Revenue And Got 10.19 Trillion FAAC Allocation In 5 Years
The 36 states in Nigeria earned N5.30tn as internally generated revenue from 2016 to 2020. The states got N10.19tn from…
Nigerian President Halts The Payment Of $418 Million To Paris Club Refund
President Muhammadu Buhari has placed the controversial payment of $418 million to consultants over the Paris Club refund on hold. He…
US Jobless Claim Falls To 310,000
Data from the Labor Department on Thursday showed the number of jobless claims filed the week ended Sept. 4 fell to 310,000,…
Nigeria: Investors Wealth Continues To Dip
Following sustained sell-off in the shares of most highly capitalised stocks, the Nigeria Exchange Limited (NGX), extended losses to three…
Service Fees Fetch Ten Nigeria Banks 266 Billion Naira
Ten Nigerian banks made N265.96bn from account maintenance and electronic banking fees in 2020. This is as shown by analysing…
Technology Startups And Others In Nigeria Raise $1.6bn Funding
Africa’s technology ecosystem has raised $1.6bn in 2021 so far, compared to $701.5m in 2020, according to a report by…
Nigeria Ranks Behind In Business Process Outsourcing
Nigeria currently controls $285.8 million of the combined African domestic and international global business services (GBS) sub-sector estimated to be…
Nigeria Exchange Lists Potentials As Green Bonds Market Hits $136m
The value of Nigeria’s green bonds market has hit $136 million within three years with four issuances recorded since the…
Nigeria Exchange Group’s structure Get ASHON Belief
The Association of Securities Dealing Houses of Nigeria has restated its confidence in the leadership and structure of the Nigerian…
FCMB Gets Recognition As Best SME Bank In Africa And Nigeria – Asian Banker, Middle East and Africa Regional Awards
First City Monument Bank (FCMB), has been recognised as Best SME Bank in Africa and Nigeria at the Asian Banker Middle East and Africa…
Ghana: SIM Card Registration To Resume In October
Ghana’s Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has announced that the delayed national SIM card re-registration exercise will begin…
Civil Society Organisations Knock Nigeria’s Tax Authority Over Planned Social Media Tax
Civil Society Organisations on Monday condemned the Federal Inland Revenue Service over its decision to impose taxes on social media…
Stanbic IBTC Bank Revenue Shrinks, Profit Drops By 53%
Stanbic IBTC Holdings Plc reported a 52.85 per cent drop in its profit before tax for the first half this…
Nigeria: Investors Lose N4.23bn As Consumer Goods Stocks Decline
The equities market of the Nigerian Exchange Limited declined by N4.23bn at the end of trading on Monday amid selloffs…
Nigeria: Lotus Bank Expands With New Locations
LOTUS Bank has announced the opening of three new locations in Lagos State in a bid to expand its footprint…
$75m Investment Injected Into Ecobank
Ecobank Transnational Incorporated has announced the receipt of a $75m perpetual non-cumulative additional tier-1 capital investment from Arise B.V ETI…
NNPC To Sell Equity Stake From 2024
The GMD of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said the earliest the corporation can issue its…