Oil revenue plunges as Nigeria misses January OPEC quota
Nigeria missed its crude oil output target for January 2022, pumping 1.46 million barrels per day against a target…
Emefiele inaugurates N15bn rice processing factory in Kano
CBN Governor Godwin Emefiele inaugurated a rice milling factory in Kano State, with a capacity of 420 metric tonnes…
Petrol Subsidy: FG, marketers engage over N3trn payment
THE Federal Government has engaged with the Major Oil Marketers Association of Nigeria over the N3 trillion subsidy…
FG earns N1tr from privatisation, amid calls for transparency
Nigeria has earned at least N1 trillion as proceeds of privatisation and commercialisation of government-owned…
Stakeholders fear border closure may cripple economy
Stakeholders in the maritime industry said the continuous closure of the land borders is affecting the ease of…
European Markets Climb Amid Global Gains
European stocks moved higher on Wednesday amid positive momentum in global markets.
The pan-European Stoxx 600…
Chip Shortage: Volvo Sales Drop By 20.2 Percent
Volvo Car Group's sales fell 20.2% in January under pressure from the global component shortage, though demand for…
Japan To Tighten Measures Against Cyberattack
Japan will consider imposing tighter curbs on companies in security-sensitive sectors that procure overseas…
Australia’s Aristocrat Take Over Of Playtech Set To Fail
Gambling software maker Playtech does not expect its shareholders to approve its proposed takeover by Australia's…
CBN Okays Ahmad Abdullahi Appointment As FBH Chairman
The Central Bank of Nigeria (CBN) has okayed the appointment of Alhaji Ahmad Abdullahi as non-executive director of…
Panasonic Experience Rise In Operating Cost
Japan's Panasonic on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard…
Nigerian Stock Exchange Market Gains 1.04 Per Cent
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI)…
World’s Second Largest Stablecoin Hits $50 Billion Capitalization
The world’s second largest stablecoin by market capitalization just hit the $50 billion mark, according to data…
Nigerian All Share Index Rose By 9% In January
The Nigerian All-Share Index posted a gain of 9.1% in the month of January, its best January return in about four…
Nigeria Startup “Nestcoin” Raises Pre-Seed Capital For Crypto Adoption
Nestcoin, a Nigerian tech startup, says it has secured $6.45 million pre-seed capital to accelerate crypto…
India To Introduce Digital Rupee In 2022-2023
India’s central bank will launch a digital version of the rupee in the next financial year, the country’s…
El Salvador Defends It’s Acceptance Of Bitcoin As Legal Tender
El Salvador’s government on Monday defended the country’s adoption of Bitcoin as legal tender, rejecting calls from…
Nigeria: Over 15,000 Graduates Applied For Oyo State Traffic Control Job
No fewer than 15, 000 university graduates and other youths have applied for the Oyo Road Traffic Management Agency…
MTN Record Oversubscription Of 139.47 Per cent In Share Sales
126,720 retail investors submitted valid applications and received full allotment as MTN Nigeria Communications Plc…
Citrix System Get Taken Into Private In $16.5 Bln Deal
Software company Citrix Systems said on Monday it would be taken private for $16.5 billion including debt by…
NASS moves to reduce budget deficit as it sets N3 trillion revenue target for…
The National Assembly said if resources are prudently spent the Federal Government were capable of generating N3…
FG probes 17 firms over breach of customers’ private data, hikes fines
A new report reveals the National Information Technology Development Agency engaged in 17 data breach…
MTN subscribers spend N46 billion on SMS
According to the earnings press release, MTN Nigeria raked in N46.41 billion from SMS revenue in 2021, representing…
Shoprite nigeria closes Maryland store, reopens Lekki outlet looted during…
Retail Supermarket owners of Shoprite in Nigeria, have announced plans to reopen the Circle Mall Store located in…
Solana’s ecosystem wallet, Phantom, clinches unicorn status as it raises $109…
Phantom, a software wallet and browser extension for the Solana ecosystem has raised $109 million in Series B…
Lawan: Government-owned enterprises can generate N3trn revenue annually
Senate President Ahmad Lawan says revenue generating agencies of the federal government are capable of generating…
CSO writes FG, demands details of N3tn budgeted for petrol subsidy in 2022
The People’s Alternative Political Movement has asked the federal government to provide details of the N3 trillion…
NGX: Total activity level declines on reduced local and foreign investors’…
NGX Domestic & Foreign Investment report for December 2021, The total value traded on the local bourse declined…
MTN mobile lending, VAS rakes in N70 billion in 2021
Giant telecom company MTN Nigeria reported a revenue of over N70 billion in 2021 from Value Added Services (VAS)…
AFEX seeks to raise $175m to finance agro-processors in Africa
AFEX one of Nigeria’s commodity players seeks to raise $175 million in its bid to provide low-cost financing to…