Access Holdings Kicks Off N351bn Capital Raising
Access Holdings Plc is set to raise a whopping N351 billion through a Rights Issue for its existing shareholders.…
DisCos further raise Band A electricity tariff, blame operating costs
Electricity Distribution Companies (DisCos) in Nigeria have approved another tariff hike for Band A consumers due…
Senate to receive ‘N6.6trn’ supplementary budget next week
The Senate Committee on Public Affairs, led by Yemi Adaramodu, is set to review a supplementary budget of around…
FG up to date on debt payments, $700m paid, says Edun
Wale Edun, Nigeria's Minister of Finance and Coordinating Minister of the Economy, announced that the federal…
NCDMB won’t register oil service providers without capacity – ES
The Nigerian Content Development and Monitoring Board (NCDMB) has announced stricter measures for approving oil…
Labour, private sector protest as Discos hike tariff again
The Nigeria Labour Congress, Trade Union Congress, and Organised Private Sector have criticized the recent hike in…
Vehicle importation down by 45% over forex crisis – CGC
Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, revealed a significant 45% decline in vehicle…
Industrial and Medical Gases Nigeria Plc Appoints Aminu Ado Chairman
Industrial and Medical Gases Nigeria Plc (IMG) has appointed Aminu Ado as its new substantive chairman. This…
$1.5bn oil sector divestment deals completed – FG
The Federal Government of Nigeria has announced the successful completion of significant oil divestment deals…
Equity market sustains rally with N131bn gain
The Nigerian equity market saw another day of gains on Wednesday, with investors pocketing N131 billion boosted by…
Zedcrest acquires RMB Nigeria stockbrokers
Financial solutions firm, Zedcrest, has announced its complete acquisition of RMB Nigeria Stockbrokers, a move…
KuCoin Implements 7.5% VAT on Crypto Transactions in Nigeria
KuCoin, a prominent cryptocurrency exchange operating in Nigeria, has announced the implementation of a 7.5%…
Protests rocks UNIBEN as students shut down Benin-Ore highway over power outage
Students of the University of Benin (UNIBEN) staged a protest on Wednesday, blocking the Benin-Ore Highway to…
Sanwo-Olu to establish Lagos state sovereign investment fund, lobbies NSIA to…
Governor Babajide Sanwo-Olu of Lagos State announced plans to establish a Sovereign Investment Fund during a…
Bitcoin drops by 3% as 100,565 traders lose $262 million
In the early morning trading session, Bitcoin faced a 3% decline in its price before recovering to trade around…
Asia stocks rise on rate cut wagers, yen wallows at 38-year lows
Asian stocks rose on Wednesday following remarks by Federal Reserve Chair Jerome Powell, indicating potential…
UK Investors Pour Record £11.4 Billion into Equity Funds in First Half of 2024
British investors injected a record £11.4 billion into equity funds during the first six months of 2024, driven by…
Nippon Steel’s Mori to visit US again next week for talks on US Steel…
Nippon Steel's Vice Chairman, Takahiro Mori, will travel to the United States next week to discuss the proposed…
No economic growth will happen unless interest rate at 30% goes down – Aliko…
Aliko Dangote, Chairman of the Dangote Group, criticized the Central Bank of Nigeria's (CBN) decision to raise the…
Access Holdings commences N351bn ordinary shares offer to shareholders
Access Holdings has launched a rights issue of 17.7 billion ordinary shares at N19.75 per share, totaling N351…
FG Clears $850m Debt To EU Airlines
The Nigerian government has cleared a backlog of debts amounting to $850 million owed to European airlines, as…
FAKE NEWS ALERT: No Explosion At Zungeru Hydroelectric Dam, Say ED, Police
Siraj Abdullahi, executive director of the Zungeru hydroelectric dam in Niger state, refuted reports of an…
Adefeko Calls For Urgent Action To Address Food Insecurity
Ade Adefeko, director of corporate and regulatory affairs at Olam Agri, has called for urgent measures to address…
Senate Passes Bill To Allow Foreigners In Nigeria Obtain NIN
The Nigerian Senate has passed a bill for a second reading that proposes granting all persons, including…
Dangote Refinery Begins Gasoil Exports To West African Countries, As Imports From…
Aliko Dangote, Chairman of the Dangote Group, strongly criticized the Central Bank of Nigeria (CBN) for increasing…
China’s BYD posts 21% jump in quarterly EV sales, closes gap with Tesla
China's BYD reported a 21% increase in electric vehicle (EV) sales for the second quarter, bringing its total to…
Air Canada to Receive 8 Boeing 737 MAX 8 Jets from BOC Aviation
Air Canada announced on Tuesday an agreement to receive eight Boeing 737 MAX 8 jets from lessor BOC Aviation.
…
South African rand extends losses, focus on unity government’s reforms
The South African rand continued its decline on Tuesday, trading at 18.6325 against the dollar, a 1.5% drop from…
Biden revoked 8 licenses for China’s Huawei in 2024, document shows
In 2024, the Biden administration revoked eight more licenses that previously allowed U.S. companies to supply…
US job openings increase; trend still slowing
In May, U.S. job openings increased by 221,000 to 8.140 million, indicating a modest rebound following significant…