NGX lists N4.08bn AVA Infrastructure Fund
The Nigerian Exchange Limited has recently added the AVA Infrastructure Series 1 Fund, worth N4.08 billion, to its…
FCMB Profit increases by 192.6% to N31.3bn in Q1
FCMB Group's profit before tax has seen a massive surge of 192.6% to N31.3 billion in the first quarter of 2024.…
Banks cut loans to govt by 73% in March
Commercial lenders significantly reduced loans to the three tiers of government by 73.18% to N19.59 trillion in…
Capital Market Declines by 1.36%
The Nigerian capital market experienced a 1.36% decline last week, attributed to losses by key equities including…
National, state assemblies to spend N724bn in 2024
An analysis of the 2024 budgets of the National Assembly, state assemblies, and their agencies reveals a total…
Labour Begins Nationwide Protests Against Electricity Tariff Hike
Organised labour is set to commence nationwide protests today over the recent electricity tariff hike and removal…
Cybersecurity levy mistimed, should be targeted at the rich, not the poor – NESG
The National Economic Summit Group (NESG) has raised concerns about the timing of the cybersecurity levy directive…
IMF asks CBN to stop waivers for banks
The International Monetary Fund (IMF) has advised the Nigerian government against proposed amendments to the Act…
NPA Introduces E-tags for Improved Cargo Delivery
The Nigerian Ports Authority (NPA), in partnership with Truck Transit Parks Limited (TTP), has initiated the…
IMF cautions FG against CBN Act amendment
The International Monetary Fund (IMF) has advised against proposed amendments to the Act establishing the Central…
Reps ask Shettima, NDPHC to revive Gbarain power plant in Bayelsa
The House of Representatives has called on Vice President Kashim Shettima, who chairs the Board of the Niger Delta…
Nigeria spends $1.12 billion on servicing foreign debts in Q1 2024
Data from the Central Bank of Nigeria (CBN) reveals that Nigeria spent approximately 70% of its dollar payments in…
SEC imposes N10m penalty for unauthorised security issuance
The Securities and Exchange Commission (SEC) has proposed new rules governing the issuance and allotment of…
GTCO shareholders approve $750m capital raising plan
At Guaranty Trust Holding Company (GTCO) Plc's third Annual General Meeting, shareholders approved the…
Tinubu Orders Completion of Inland Dry Ports Nationwide
President Bola Tinubu, represented by Sen. George Akume, has directed the swift completion of all unfinished…
Uganda Named Top Investment Destination in Africa, Wins Award at Abu Dhabi…
At the Annual Investment Meeting (AIM) in Abu Dhabi, Uganda was awarded the top investment destination in Africa,…
Nigeria Considers Reinstating Telecom Tax to Secure $750 Million World Bank Loan
Nigeria is contemplating reinstating a previously suspended telecom tax and other fiscal measures to secure a new…
Canada fines Binance $4.38 mln for money laundering violations
Canada's anti-money laundering agency, FINTRAC, has imposed a fine of almost C$6 million on cryptocurrency…
NCC Partners with Nokia to Train Nigerian Youths on 4G/5G Technologies
The Nigerian Communications Commission (NCC) has entered into a Memorandum of Understanding with Nokia Solutions…
SEC Unveils Stricter Rules on Private Companies’ Securities Issuance and…
The Securities and Exchange Commission (SEC) has introduced new regulations governing the issuance and allotment…
Olufowose replaces Hassan-Odukale as First Bank chairman
FBN Holdings has confirmed the departure of Mr. Tunde Hassan-Odukale as Chairman of First Bank of Nigeria Limited…
TikTok Adopts Technology to Label AI-Generated Content
TikTok announced plans to implement "Content Credentials," a technology developed by Adobe, to label images and…
Airbnb Shares Drop Over 8% Pre-market on Weak Q2 Forecasts
Airbnb shares (ABNB.O) plummeted more than 8% in pre-market trading on Thursday following disappointing…
U.S. Overtakes China as Germany’s Top Trading Partner in Q1 2024
According to Reuters' calculations based on official data from the German statistics office, the United States has…
Australian Tax Office Targets Crypto Traders for Tax Compliance
The Australian Tax Office (ATO) is making moves to ensure people trading cryptocurrencies pay their taxes. They've…
Nigerian biotech startup becomes first African lab to offer liquid biopsy to…
A Nigerian biotech startup called Syndicate Bio has teamed up with SophiaGenetics, a company specializing in…
West African CEOs Express Concerns Over Local Economic Decline
The PwC Annual Global CEO survey for West Africa reveals that over half of CEOs in the region expect their local…
Tinubu assures US of enhanced power supply through Nigeria’s abundant gas…
President Bola Tinubu, represented by Minister Yusuf Maitama Tuggar, has pledged improved power supply in Nigeria,…
African Diaspora Union Seeks Citizenship Rights, Visas on Arrival Support from…
The Africans in Diaspora Development Union (AFRIDU) has approached Nigeria's Ministry of Interior seeking…
Disney and Warner Bros. Discovery to Launch Streaming Bundle with Disney+, Hulu,…
Disney and Warner Bros. Discovery have announced plans to introduce a streaming bundle featuring Disney+, Hulu,…