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Pension Fund Managers Increase Stock Investments to N550 bn
In the first three months of 2024, pension fund managers in Nigeria purchased Nigerian stocks worth N550 billion,!-->…
Coastal Highway: FG pays N2.75bn compensation for demolished properties
During a meeting at Eko Hotel and Suites in Lagos, David Umahi, the Minister of Works, announced that the Nigerian!-->…
Uganda secures $295m loan from Islamic Development Bank for projects
Uganda has recently finalized a deal with the Islamic Development Bank (IDB) in Saudi Arabia, obtaining a loan of!-->…
MTN records N575.69 Pre-Tax Loss in Q1 despite revenue growth
MTN Nigeria Communications Plc has reported a loss after tax of N392.7 billion for the first quarter of 2024,!-->…
Court Grants EFCC Interim Order to Freeze 1,146 Bank Accounts
The EFCC alleges that the frozen accounts are connected to individuals utilizing virtual cryptocurrency exchanges!-->…
FG initiates 2024 oil bid rounds, offers 12 oil blocks to investors
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of the 2024 oil bid!-->…
NERC deregulates meter prices, allows DisCos and manufacturers set prices
The Nigerian Electricity Regulatory Commission (NERC) has announced the deregulation of meter prices under the!-->…
FMDQ Group Appoints CBN Deputy Governor Muhammad Sani Abdullahi as New Chairman
FMDQ Group has named Muhammad Sani Abdullahi, the Deputy Governor of the Economic Policy Directorate at the!-->…
FG recovers N57 Billion in tax Liabilities from MDAs
At a sensitization workshop on the Federal Government Debt Recovery Drive through Project Lighthouse Programme in!-->…
Tanzania shuts down Hydroelectric stations to manage excess electricity
Tanzania's Prime Minister, Kassim Majaliwa, announced the closure of five hydroelectric stations to address excess!-->…
Dana Air suspension raises controversy in Aviation industry
The suspension of Dana Air's operations following a runway incident on its Abuja-Lagos flight has stirred!-->…
ARCON warns against security-threatening content
The Advertising Regulatory Council of Nigeria (ARCON) has issued a caution to advertising agencies regarding the!-->…
Capital releases for 2024 fiscal year to commence in May
The Accountant General of the Federation, Mrs. Oluwatoyin Madein, announced that capital releases for the 2024!-->…
SMEDAN to empower women-led businesses
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has introduced the "SMEDAN Speed Pitch", a!-->…
NAISU set to kick off, focused on reviving economy
The inaugural Nigeria Auto Industry Summit (NAISU), organized by the Nigeria Auto Journalists Association (NAJA)!-->…
US seeks 36 months’ jail for Binance founder Zhao
U.S. prosecutors have recommended a 36-month prison sentence for Changpeng Zhao, the founder of Binance, the!-->…
UBA, Access, and FBN lead banks in electronic banking revenue increase
United Bank for Africa (UBA) Plc, Access Holdings Plc, and FBN Holdings Plc emerged as the top earners in!-->…
Wale Bolorunduro appointed as new Chairman of LivingTrust Mortgage bank
LivingTrust Mortgage Bank, a Nigerian financial company, has named Wale Bolorunduro as its new chairman, starting!-->…
Transcorp Power welcomes Tuedor-Matthews, Odita as directors
Transcorp Power Plc, a subsidiary of Transnational Corporation Plc (Transcorp Group), has named Faith!-->…
$2.1bn reserve depletion: CBN sold only $581m to market — Report
Nigeria's external reserves have decreased by $2.16 billion over the past month, reaching a seven-year low of!-->…
Nestle Nigeria’s Fixed Assets Revalued At N305.4bn
Following foreign exchange losses in 2023 due to the naira depreciation, Nestlé Nigeria PLC has conducted a!-->…
Dangote Refinery slashes diesel, aviation fuel prices to N940 and N980…
Yesterday, the $20 billion Dangote Petroleum Refinery announced further reductions in the prices of diesel and!-->…
Naira depreciates against Dollar, hits N1,234 at official market
The value of the Nigerian naira dropped against the United States dollar, reaching N1,234 at the official foreign!-->…
International Breweries shareholders approve $379.9m loan-to-equity conversion
During an Extraordinary General Meeting, shareholders of International Breweries endorsed a $379.9 million loan!-->…
Naira rebound leads to drop in rice prices across Nigeria
The recent strengthening of the naira against the dollar has brought relief to consumers, with the price of a!-->…
Sportsbet.io welcomes three new ambassadors to Its team
Yolo Group's Sportsbet.io has expanded its team of ambassadors with three new additions, joining the likes of!-->…
Sterling, FCMB, Stanbic see biggest jump in FX gain
While big banks grabbed attention for foreign exchange gains last year, Sterling Financial Holdings Plc, FCMB!-->…
Diop to replace Chaudhuri as World Bank country director for Nigeria
Ndiame Diop, a Senegalese national, is set to assume the position of World Bank Country Director for Nigeria,!-->…
Naira gains to N1,250/$ after CBN sells fresh dollars to BDCs
The Central Bank of Nigeria (CBN) has initiated another round of discounted dollar sales directly to Bureau De!-->…
Nigeria sees 16% drop in POS transactions on bank transfers
Point-of-Sale (POS) transaction values in Nigeria experienced a notable downturn in the first quarter of 2024,!-->…