MTN, Airtel Win Big As 3,246 Subscribers Ported In May 2022
Data from the Nigerian Communications Commission (NCC) has revealed that a total of 3,246 subscribers. Who ported…
Naira Falls Across FX Markets As Dollar Supply Dips Significantly
Monday, 4th July 2022: The exchange rate between the naira and the US dollar closed at N425.75/$. This is at the…
Celsius Has Paid $143 Million In Debt Since The Start Of Q3
Crypto lending platform, Celsius, has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol…
TrustBanc Raises N5.85bn From Series 7 And 8 Commercial Papers; Issue Achieves…
TrustBanc Holdings Limited (TrustBanc), the parent company of three regulated financial services companies. They…
Emerging Asian Equities Post Biggest Foreign Outflows Since March 2020
Emerging Asian equities ex-China recorded massive outflows in June. This is as risk assets took a hit due to…
Bank Assets Rise By 21% To N64.32Tn – CBN
Nigerian banks’ total assets rose by N11.15tn in one year to N64.32tn as of the end of April. Figures obtained…
Oil Prices Slip As Recession Fears Rumble On, Tight Supply Stems Losses
Oil prices fell on Monday, paring gains from the previous session, as fears of a global recession weighed on the…
Japan’s KDDI Shares Slide Nearly 4% After Giant Mobile Network Outage.
KDDI Corp shares fell as much as 3.9%, the biggest system failure in the history of Japan's No.2 wireless carrier.…
Chinese Property Developer Shimao Misses Repayment On $1 Billion Bond
Chinese property developer Shimao Group (0813.HK) has missed the interest and principal payment of a $1 billion…
Fuel Scarcity: IPMAN Meets NMDPRA, Says Price To Remain N165 Per Litre At…
The Independent Petroleum Marketers Association of Nigeria (IPMAN), which recently warned of massive fuel scarcity…
Brazil’s Fertilizer Imports Jump As Farmers Prepare To Plant New Crop
Brazilian fertilizer imports in June jumped 18.6% and totaled 4.15 million tonnes, according to government data…
CAF To Launch $200 Million African Super League In August 2023.
The Confederation of African Football (CAF) has divulge that the long-promise African Super League which FIFA.…
Exxon Signals Operating Profits Could Double Over The First Quarter
Exxon Mobil Corp on Friday signaled that skyrocketing margins from fuel. So as, crude sales could generate a…
Despite Market Sell-off, These Crypto’s Have Positive YTD Return
It’s not news that the cryptocurrency market is having a very tough year. This is with the market capitalization…
KongaPay At House Of Lords, London, Signs Historic Partnership With Bibimoney.
KongaPay, a frontline mobile money platform and a member of the Konga Group, Nigeria’s leading composite…
Over 2,000 Retirees Can’t Get Monthly Pensions – PenCom
No fewer than 2,084 retirees cannot be on monthly pension payments. And have left the Contributory Pension Scheme…
Weekly Stock Update: Nigerian Exchange Group Record Gains, Up 0.24%.
The Nigerian equities market closed bullish during the week as the All-Share index gained; 0.24% in the week ended…
Nigerian adults with bank accounts hit 45% — World Bank
The number of Nigerians with accounts at regulated institutions such as a bank; credit union, microfinance…
Nigeria Lost $1 Billion In Revenue To Crude Oil Theft In Q1 2022
Due to crude oil theft, Nigeria lost a staggering $1 billion in revenue in the first quarter of 2022. Therefore,…
Lekki Gardens Signs N25bn Commercial Paper-Nigeria.
Lekki Gardens Estates Limited has signed the N25bn commercial paper approved for the company by the FMDQ Security…
Concerns For Nigerian Startups As 126 Global firms Laid Off 15,781 Employees In…
Amidst rising inflation and a gloomy economic outlook, tech startups across the globe bit the bullet in June. As a…
Lagos Pays N42bn Pension Entitlements To 11,349 Retirees- Nigeria.
Lagos State Government has paid N42bn accrued pension rights to 11,349 retirees in the state.The Commissioner for…
Heirs Underwriters Backs Africans With $30,000 Grant
Heirs Insurance and Heirs Life Assurance, the insurance subsidiaries of the pan-African investment group. Heirs…
Personnel: Health Sector Receives Only 50% Returns On Investment, Says NSSF
The Nigeria Solidarity Support Fund says Nigeria’s healthcare system is in crisis as it currently receives only…
FG’s Ship Financing Fund Rises By 79%, Hits N145bn- Nigeria.
The Cabotage Vessel Financing Fund has risen from $195m to $350m in 2022, representing 79.4 % increase.It will be…
OPEC Faces Critical Oil Production Decision As Nigeria Gets 1.826m Bpd August…
The Organisation of Petroleum Exporting Countries (OPEC) will in August decide whether to continue its current…
NSE Firms Face Costly Dollar Loans As Shilling Weakens- Kenya.
Listed firms are facing higher finance costs as a result of the weakening of the shilling against the dollar.…
Banks Guaranteed N3.6 Billion Loans To Farmers Under The ACGSF – CBN.
The Central Bank of Nigeria announced banks guaranteed 28,830 loans valued at N3.6 billion to farmers. This is…
$1bn Natural Gas Sold To Portugal In 2022, Says NNPC.
The Nigerian National Petroleum Company Limited said it had sold over $1bn worth of natural gas to Portugal this…
Duty Payment On Carbonated Drinks Takes Off.
The Nigeria Customs Service (NCS) yesterday began collection on carbonated and sweetened drinks as contained in…