Exclusive: Chinese firms stockpile high-end Samsung chips as they await new US…
Chinese tech giants like Huawei and Baidu, along with various startups, are stockpiling high bandwidth memory…
SoftBank seen posting modest profit in Q1, buyback potential in focus
Japan's SoftBank Group is anticipated to report a modest profit for the first quarter on Wednesday, but investor…
NNPC Announces Launch of New Crude Oil Grade, Targets 50,000bpd
NNPC Ltd has launched a new crude oil grade called Utapate into the international market. The oil is produced from…
Overland Begins Lagos-Abuja Direct Flights
Starting August 9, 2024, Overland Airways will begin daily direct flights between Lagos and Abuja.
The airline…
NCC orders telcos to simplify tariff plans
The Nigerian Communications Commission (NCC) has directed telecom operators to make their tariff plans, bundles,…
Global stock markets plunge on US recession fears
Global stock markets experienced severe declines on Monday, with Wall Street and Tokyo’s Nikkei seeing significant…
Naira depreciates to N1,600/$ in parallel market
On Monday, the Naira weakened in the parallel market, falling to N1,600 per dollar from N1,590 last weekend.
…
Oil/gas communities send memo to FG, IOCs, NDDC
Oil and gas communities in the Niger-Delta have presented a comprehensive agenda to the Federal Government,…
BUA Cement’s pre-tax profit drops by 54% in Q1
BUA Cement’s second-quarter results for 2024 show a significant decline in pre-tax profit, falling by 54%…
MTN, Airtel Cut Foreign Debt as Naira Falls
Telecommunication giants MTN Nigeria and Airtel Africa have significantly reduced their foreign exchange (FX)…
Nigerians experience blackout as national grid collapses again
Nigeria's electricity grid collapsed once more on Monday, causing a nationwide blackout. The system failure, which…
Businesses reopen as states contain simmering protests
On Monday, many businesses in Lagos, including popular markets like Mile 2 and government offices in Alausa and…
Cryptocurrency Market Faces $900M Loss as Bitcoin Prices Drop
In the past 24 hours, the cryptocurrency market experienced $900 million loss, primarily due to the liquidation of…
CBN introduces Dutch auction system to tackle forex shortages
The Central Bank of Nigeria (CBN) has introduced a Retail Dutch Auction System (DAS) to address the fluctuations…
African caucus calls for investments, energy access, to boost AfCFTA
The African Caucus, which includes over 50 African Ministers of Finance and Central Bank governors, has urged for…
NCC Extends NIN-SIM Verification Deadline Beyond July 31, 2024
The Nigerian Communications Commission (NCC) has instructed telecom operators to extend the NIN-SIM verification…
Bank directors disagree with Otedola, Elumelu on FX windfall tax
The Bank Directors Association of Nigeria (BDAN) has expressed disagreement with the views of FBN Holdings…
BUA Foods Reports N672.39 Billion Revenue in First Half of 2024
BUA Foods Plc reported N672.39 billion in revenue for the first half of the financial year ending June 30, 2024,…
Civil servants will receive first batch sale of 50kg rice for N40,000, says FG
The Federal Government announced that the initial sale of 50 kg bags of rice at N40,000 will first be directed to…
Exchange rate for customs duties collection rises to N1,618/$
The exchange rate for the Nigeria Customs Service (NCS) duties collection has increased to N1618.73/$, up from the…
Dangote Refinery: Civil Societies to Monitor Crude Sales Compliance by NNPCL
A coalition of 28 Civil Society Organizations (CSOs) announced plans to set up a situation room to monitor the…
Dangote diesel sulphur triggers concern, marketers fault rejection report
Reports allege that diesel produced by the $20bn Dangote Petroleum Refinery contains high levels of sulphur.
…
Public debt stock may hit N130tn by Dec – Report
Nigeria's public debt is projected to reach N130tn by the end of 2024, with a debt-to-GDP ratio of 55% and…
Effective Communication, a Necessity in Addressing National Protests – 8…
The ongoing protests in Nigeria have highlighted a significant issue: the lack of coordinated communication from…
Dangote refinery to gulp N1.7tn crude monthly – Report
President Bola Tinubu has mandated the Nigerian National Petroleum Company (NNPC) to sell crude oil to the Dangote…
UBA emerges most visited Nigerian banking website
United Bank for Africa (UBA) has been named the most visited banking website in Nigeria, with 2.36 million visits…
FG non-oil savings rise by N4tn – NBS
The Federal Government’s savings in its non-oil excess account increased by 304.1% in the first year of President…
AfDB okays $500m fresh loan for Nigeria
The African Development Bank Group has approved a $500 million loan to the Federal Government of Nigeria to…
Nigerian shipowner names ICS board director
The International Chamber of Shipping (ICS) has appointed Mr. Aminu Umar, President of the Nigerian Chamber of…
FCCPC accuses Coca Cola Nigeria of misleading trade description, unfair marketing…
The Federal Competition and Consumer Protection Commission (FCCPC) has accused Coca-Cola Nigeria Ltd and the…