FBN Holdings Shares Surge as Rights Issue Launches to Bolster Capital Base
FBN Holdings’ share price rose by 1.65% on the Nigerian Exchange Limited (NGX) on Wednesday, closing at N27.65 its…
IMF Chief Highlights Four Steps In Managing Systematic Reforms
In a recent interview, IMF's Deputy Division Chief, Antonio David, outlined a strategic approach for African…
AIICO Insurance Urges Collaboration to Strengthen Nigeria’s Agricultural Sector
AIICO Insurance Plc has emphasized the importance of collaboration among stakeholders to advance Nigeria's…
Zenith Bank Completes Major IT Upgrade to Boost Customer Experience and Digital…
Zenith Bank Plc has announced the completion of a comprehensive IT infrastructure upgrade aimed at enhancing…
Nigeria’s Fiscal Deficit Hits N4.53 Trillion in Q2 2024 as Spending Outpaces…
Nigeria's fiscal deficit reached N4.53 trillion in the second quarter of 2024, up from N3.88 trillion in the first…
Africa Targets $58 Billion Investment to Boost Oil and Gas Sector
Nigeria, Libya, and Angola are set to spearhead a forecasted $58 billion investment influx into Africa's oil and…
Consumers protest as Discos hike meter price by 28%
Nigeria’s power distribution companies (Discos) have announced a significant increase in electricity meter prices,…
Regency Alliance Insurance Reports Record Profits and Growth Amid Economic Shifts
Regency Alliance Insurance Plc announced significant growth in its 2023 financial performance, with gross written…
Nigerian Consumer Rights Agency Urges Fairness in Electricity Metering Transition
The Federal Competition and Consumer Protection Commission (FCCPC) head, Tunji Bello, has urged electricity…
Sahara Group Foundation Launches MADAA Initiative to Empower African Entrepreneurs
Sahara Group Foundation has launched its "Making A Difference Around Africa" (MADAA) initiative to support…
Nigeria Calls for Investment in Mechanized Farming to Boost Agricultural Sector
The Nigerian government is encouraging local and international stakeholders to invest in large-scale mechanized…
NGX Halts Six-Day Losing Streak with N131 Billion Gain
The Nigerian Exchange Limited (NGX) saw a positive turnaround yesterday, with its market capitalization rising by…
Nigeria’s Oil Minister Pushes for Industry Commitment to Boost Production and…
Nigeria's Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, has called on industry players to…
MTN Nigeria Seeks to Raise N50 Billion Through Commercial Paper Issuance
MTN Nigeria Communications Plc is set to raise N50 billion through a commercial paper issuance as part of its…
Dangote Refinery Criticizes Pinnacle Oil’s Deregulation Claims and Defends…
Dangote Petroleum Refinery has responded to Pinnacle Oil and Gas Limited's CEO Robert Dickerman's remarks on…
APMT Apapa Says Port Delays Caused by Poor Policy Enforcement
Kayode Daniels, the Head of Commercial at APM Terminals Apapa, clarified that cargo delays at Nigerian ports are…
FG urged to stop tax reforms move
Tax consultant Adebisi Oderinde, CEO of AOC-Adebisi Oderinde & Co, has urged Nigerian President Bola Tinubu to…
AFEX Predicts Record Food Price Surge in Nigeria by 2025
The African Exchange (AFEX) projects an unprecedented rise in Nigerian food prices for the 2024/2025 season,…
Nigerian Banks Defy Predictions as Non-Performing Loans Remain Stable in 2024
Against Fitch's prediction that Nigerian banks’ Non-Performing Loan (NPL) ratios would rise in 2024, ten major…
Verve Hits 70 Million Payment Cards in Nigeria and Consolidates Market Leadership
Verve International, Africa’s largest domestic payment scheme, has reached a significant milestone with over 70…
Polaris Bank Named Best Bank for MSMEs
Polaris Bank has been recognized as the “Best Bank for MSMEs” for the third consecutive year at the Banks and…
FG Secures Indian Firm’s Commitment for Offtake of Natural Gas for $4bn Steel…
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, has successfully negotiated a major deal with…
Fiducia Harps on SMEs Supply Chain Finance to Drive Economic Growth
Fiducia Data Services Limited has unveiled its initiative to close the financing gap for Small and Medium…
Nigeria Achieves Milestone Shipment to Kenya Under AfCFTA
The Nigeria Customs Service (NCS) has successfully facilitated the first shipment from Nigeria to Kenya under the…
Nigerian Court Issues Arrest Warrant for Dana Air Managing Director Over Fraud…
A Federal High Court in Abuja has ordered the arrest of Hathiramani Ranesh, the Managing Director of Dana Air, due…
Cash Scarcity in Kano State Impacts on Residents and Businesses
Residents and Point of Sale (POS) operators in Kano State are expressing deep concern over a persistent cash…
Naira appreciates to N1,725/$ in parallel market
The Naira saw a slight appreciation in the parallel market on Monday, rising to N1,725 per dollar from N1,735 last…
Petrol Price: Marketers set to import cheaper products
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has emphasized its intention to…
Nigeria’s economy on new investments threshold
The Nigerian Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, expressed confidence…
Schneider Electric Achieves New Cybersecurity Milestone for Data Center Management
Schneider Electric, a leader in energy management, has achieved a significant cybersecurity milestone with its…