Protests: Max Air temporarily suspends operations
Max Air has temporarily suspended its operations on August 2, 2024, due to nationwide protests.
In a…
Karu LG enforces 6 p.m. to 6 a.m. curfew amid protests
In response to escalating violence during the nationwide protests, the Karu Local Government Council in Nasarawa…
Access Bank revamps digital loan platform, disburses N740bn in seven years
Access Bank has updated its digital loan platform, QuickBucks, to enhance lending services for Nigerian consumers.…
Nigeria’s foreign investments rising on proposed bank recapitalisation -Cardoso
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), attributes the recent rise in foreign investments…
FG to spend $7.2bn on two deep seaport projects
The Federal Government is planning to spend $7.2 billion to complete two deep seaports in Ibom and Badagry.
…
Flour Mills declares N763bn revenue
Flour Mills of Nigeria Plc reported a 67% increase in revenue, reaching N763.2bn for the first quarter ending June…
Cornerstone Insurance upbeat on recapitalisation
Cornerstone Insurance Plc is ready for any recapitalisation measures from the National Insurance Commission.
…
Monthly power subsidy soars by 151% to N211bn
The Federal Government's electricity subsidy rose from N252.76bn to N633.30bn in the first quarter of 2024,…
Banks, others shut as hunger protest holds
Banks and financial institutions in Nigeria will be closed on Thursday, August 1, 2024, due to a planned hunger…
Controversy Surrounds Omolola Oloworaran’s Appointment as Acting PenCom DG
The National Pension Commission (PenCom) has announced Omolola Oloworaran as the new Acting Director-General,…
Minister orders probe into $300 passport fee allegations at Nigerian Embassy in…
Minister of Interior, Olubunmi Tunji-Ojo, announced an investigation into complaints from Nigerians in London…
Banks’ Recapitalisation: Foreign investors moving in — Cardoso
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, announced an increase in foreign…
Stock investors lose N32bn amid selloffs
The Nigerian stock market saw another decline on Wednesday, with investors losing N32 billion.
The market…
African Central Bank Governors to Meet in Abuja, to Discuss Trade and Financial…
African Central Bank Governors are gathering in Abuja from August 1-3 to focus on increasing intra-African trade…
Naira Depreciates Further, Exceeds N1,600 to a Dollar
The naira has fallen to over N1,600 per US dollar at the official rate, with the dollar closing at N1,608.73 on…
Fitch revises Benue outlooks to positive
Fitch Ratings has upgraded Benue State’s Long-Term Issuer Default Rating (IDR) outlook from Stable to Positive,…
Aminu Umar appointed 1st African director on the board of International Chamber of…
Aminu Umar, President of the Nigerian Chamber of Shipping, has been appointed as the first African director on the…
Otedola announces support for windfall tax, urges banks to curb private jet…
Femi Otedola, Chairman of FBN Holdings, has announced his support for the windfall tax. He highlighted its role in…
FCMB Group Plans N110 Billion Capital Raise with New Share Offer
FCMB Group announced plans to raise N110 billion by issuing new ordinary shares at N7.30 each on the Nigerian…
African Airlines Record 11.8% Growth In Cargo
The International Air Transport Association (IATA) reported strong growth in global air cargo demand for June…
Seplat Posts N244bn Half Year Pre-Tax Profit
Seplat Energy Plc announced a staggering 461% increase in pre-tax profit for the half-year ending June 30, 2024,…
Tinubu approves N50,000 monthly stipend for Niger-Delta youths
President Bola Tinubu has approved a N50,000 monthly stipend for 10,000 youths in the Niger Delta to ease economic…
HSBC records $21.6 billion pre-tax profit in first half 2024
HSBC announced pre-tax profits of $21.6 billion for the first half of 2024, slightly down from last year's record.…
UK’s gain, Nigeria’s pain as nurses migration hits 9-years high
Nigerian-trained nurses are increasingly passing their professional exams in Nigeria but submitting their results…
Youths’ anger shows up in SIM-NIN validation
On Monday, Nigerians protested aggressively against telecom companies that blocked lines not linked to the…
Airlines fly lucrative routes as plane shortage lingers
Nigerian airlines are adjusting their flight schedules to prioritize busy airports due to a shortage of aircraft.…
MTN declares N519bn loss in H1 on inflation, weak naira
MTN Nigeria Communications Plc has reported a significant loss after tax of N519.1 billion for the first half of…
Bitcoin dips as Mt. Gox moves $8.6 billion ahead of looming payouts to creditors
Mt. Gox, the defunct cryptocurrency exchange, recently executed a significant transaction involving over $2…
Lagos State Partners with PMI to Boost Project Management Efficiency
The Lagos State Government has formalized a partnership with the U.S.-based Project Management Institute (PMI) to…
9mobile customers groan as network is down for over 3 days
Customers of 9mobile are experiencing significant frustration due to a prolonged network outage that has affected…