Naira Holds Steady Against Dollar Despite CBN Rate Hike
The Nigerian Naira remained stable against the dollar at the official foreign exchange market on Wednesday, even…
Diesel price rises 68% to N1,415.06/ltr
The cost of diesel fuel in Nigeria has jumped dramatically, with a year-on-year increase of 68% to N1,415.06 per…
Microsoft’s AI Deal with UAE Raises Security Concerns, Lawmakers Seek More…
Microsoft's deal with G42, a UAE-backed AI company, is raising eyebrows over potential national security risks.…
Stocks catch a ride higher with Nvidia; investors cautious over rates
Global stock markets saw a modest rise on Thursday, fueled by a strong performance from tech giant Nvidia.…
Japan’s Factory Activity Shows Signs of Life After Months of Slump
Positive news for Japan's economy as factory activity finally expanded for the first time in a year. The au Jibun…
Quadrant MSL COO Retires
Quadrant MSL, a strategic communications firm, is saying goodbye to their COO and Head of Business, Oluwarantimi…
ACMPN to Induct new members at the 2024 Mental Health Awareness Week
The Association for Counsellors Matchmaking & Psychotherapy of Nigeria (ACMPN) is holding a special event from…
Fidelity Bank chair to earn N60m per annum
Big Pay Day for Fidelity Bank BossesFidelity Bank shareholders just voted to give their chairman a big raise! The…
Operators kick as FRSC plans prosecution of reckless drivers
Taxi drivers in Nigeria are unhappy about a new government plan to punish reckless drivers with jail time. They…
World Bank Approves $750 Million for Mini-Grids
Great news for Nigerians living in rural areas! The World Bank just approved a $750 million loan to build 1,200…
Naira slide pushes Dangote diesel to N1,100/litre
The price of diesel from the Dangote Refinery has jumped! It went from N940 per litre in April to N1,100 per litre…
Minimum wage: FG, Labour talks deadlocked, NLC defends N615,000 demand
There are several important stories making the news in Nigeria today. The biggest one is that talks between the…
CBN Raises Interest Rate to 26.25%
The Central Bank of Nigeria (CBN) just announced a rise in interest rates to 26.25%. This means it will be more…
Big Meeting Planned Between Korea and Africa!
There's a big meeting planned between Korea and Africa in early June! This summit is a chance for these two…
Ministry of Marine and Blue Economy set to Harness the Atlantic Ocean
Nigeria has a long coastline on the Atlantic Ocean, packed with resources and potential. To take full advantage of…
Stanbic IBTC Holdings Plans to Raise N550 Billion in New Capital
Shareholders of Stanbic IBTC Holdings Plc have approved a plan to raise N550 billion in new capital. The company…
CBN Faces Tough Choices On Interest Rate, Inflation, Others
The Central Bank of Nigeria (CBN) is at a crossroads, deciding whether to continue raising the benchmark interest…
Foreign Reserves Build Up Despite Naira Volatility
Nigeria's foreign exchange reserves have shown a steady recovery, adding $195.01 million to reach $32.64 billion…
Iranian President Ebrahim Raisi Dies in Helicopter Crash
Iranian President Ebrahim Raisi died in a helicopter crash, according to the Islamic Republic News Agency. The…
CBN Withdraws Circular on Cybersecurity Levy Collection
The Central Bank of Nigeria (CBN) has retracted its directive that mandated banks and payment service providers…
Afreximbank Reports Net Interest Income Up to 31.73% in Q1
The African Export-Import Bank (Afreximbank) has released its financial results for the first quarter of 2024. Net…
MTN Nigeria CEO Defends Board of Directors’ Remuneration
MTN Nigeria's CEO, Karl Toriola, has defended the remuneration of the company's Board of Directors despite the…
TAJBank Wins Best Islamic Bank in Nigeria Award for 2023
TAJBank Limited, known for its rapid growth in non-interest banking services, has been awarded the "Best Islamic…
Only 20% Registered Entities Pay Annual Returns – CAC RG
The Registrar General of the Corporate Affairs Commission (CAC), Hussaini Magaji (SAN), revealed that only 20% of…
U.S. Factory Production Falls in April
U.S. factory production saw an unexpected decline in April, primarily due to a drop in motor vehicle output.…
China’s April industrial output rises 6.7% but Retail Sales Growth Slows
China's industrial output grew by 6.7% year-on-year in April, showing a significant rise from the 4.5% growth in…
Nigeria Overtakes South Africa as Indonesia’s Top African Investment…
Nigeria has become Indonesia's top investment destination in Africa, surpassing South Africa, with a trade balance…
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
Microsoft is giving cloud computing customers a new option for powering artificial intelligence (AI). They're…
Electricity: Most DisCos are technically insolvent— NERC
During the 8th Africa Energy Market Place 2024 in Abuja, the Chairman of the Nigerian Electricity Regulatory…
Olukoyede: Some youths trading crypto unaware they’re being used to fund terrorism
Ola Olukoyede, Chairman of the Economic and Financial Crimes Commission (EFCC), raised concerns about the…