Currency In Circulation Rose By 4.58% To N2.97tn In October – CBN
The Central Bank of Nigeria (CBN) says the currency in circulation rose by 4.58% from N2.84tn in September to…
We’ve Carried Out Due Diligence In Honeywell Acquisition – Flour Mills
Flour Mills of Nigeria Plc (’FMN”) has assured its stakeholders that the recent announcement by the Group to assume…
FG May Extend 2021 Budget Implementation To Next Year
The Federal Government may extend the implementation of capital projects components in the 2021 Appropriation Act…
Investors Lose N71.44bn As Oil, Banking Stocks Decline
Investors in the equities market of the Nigerian Exchange Limited recorded a loss of N71.44bn at the end of the…
Broadband Subscriptions Drop By 9.8m Million Over Vandalism, Others
Broadband subscriptions dropped from 85.94 million recorded in December 2020 to 76.15 million in October 2021,…
Flour Mills, Honeywell’s Market Capitalisation Jumps By 34%
Two of Nigeria’s largest flour milling companies, Flour Mills of Nigeria Plc and Honeywell Flour Mills Plc, have…
Fuel Worth N12.87bn Lost In Seven Months, Says NNPC
Petroleum products valued at N12.87bn were lost in seven months as oil theft and pipeline vandalism continued to…
NDIC Pays 535,815 Closed Banks’ Depositors N11.76bn
The Nigeria Deposit Insurance Corporation has said that 467 banks have either been liquidated or undergoing the…
Cocoa Tops List Of Exportable Agric Products’
The Nigeria Export Promotion Council has said its export promotion activities are beginning to make a positive…
Nigeria Air will commence operation with three rented planes, says FG
The federal government says that Nigeria Air will commence operations with three wet-leased aircraft.
Wet-lease…
CBN Bars BVN Violators From Opening Bank Accounts
The Apex Bank in Nigeria, Central Bank of Nigeria (CBN) has barred BVN Violators from from opening a new bank…
Dow Futures Plunge 400 Points Amid Fears Of New Covid Variant Found In South…
U.S. stock futures dropped in overnight trading on Thursday as investors geared up for a shortened trading day…
Softbank Fall Steepens After Report That Chinese Regulators Have Asked Didi To…
Shares of SoftBank extended their losses on Friday after Bloomberg reported that Chinese regulators have asked…
Report: Nigeria’s Exports Trade To Hit $112bn By 2030 — Tops Volume For Africa
A new research by Standard Chartered Bank has projected that Nigeria’s export trade would hit $112 billion in 2030,…
CBN Awards N5m Loans To Graduates Under New Scheme
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Thursday, launched the Tertiary Institutions…
With 49% Foreign Ownership, Nigeria Air Starts Operations April 2022
The proposed national carrier will begin flight in April next year, the Minister of Aviation, Hadi Sirika, has…
Shares Of Chinese Real Estate Developer Kaisa Pop 20% After Debt Restructuring…
Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating…
IEA Chief Criticizes ‘Artificial Tightness’ In Energy Markets, Says Some Failed To…
The head of the world’s leading energy authority has said that some countries had failed to adopt a helpful…
EFCC Traces Most Bank Frauds To One Set Of Bankers
The EFCC declared in Abuja on Wednesday that most frauds in the banking sector were perpetrated by insider…
Ijaw Group Demands $500,000 As FG Probes Bayelsa Oil Spill
The Ijaw Diaspora Council has asked Aiteo Exploration and Production Ltd to provide immediate, interim response…
N5,000 Transport Grant For Vulnerable Nigerians To Last One Year
Minister of Finance, Budget and National Planning, Zainab Ahmed, yesterday shed more light on the…
Hilary Clinton Wants Biden Administration To Regulate Cryptocurrency
Former United States Democratic presidential candidate, Hillary Clinton has called on the Biden administration to…
FG Suspends Aiteo’s Operation Over Oil Spill In Bayelsa
The federal government has directed Aiteo Eastern Exploration and Production Company (AEEPCO) to stop operation in…
No Court Order Restraining Acquisition, Say Flour Mills, Honeywell
Flour Mills Nigeria Plc and Honeywell Flour Mills Plc have said the proposed acquisition of significant interest in…
Nigeria’s OnePipe Raises $3.5M To Double Down On Its Embedded Finance Offering
Last year, fintech API infrastructure players came into the African tech scene, ushering in Plaid-like services to…
Afterpay Unveils BNPL Subscription Offering For US Customers
“Buy now, pay later” company Afterpay announced Wednesday that it was going after the $1.5 trillion global…
5G spectrum: NCC Extends Deadline For Submission Of Bids Over Flight Delays
The Nigerian Communications Commission (NCC) has extended the deadline for the submission of bids and initial bid…
10-Minute Grocery Delivery Start-Up Getir To Buy UK Rival Weezy As Buzzy Market…
Turkish start-up Getir on Tuesday agreed to acquire British rival Weezy, in the latest sign of consolidation in the…
Stripe Says It’s Open To Accepting Crypto For Payments, Three Years After Ending…
Stripe isn’t ruling out accepting cryptocurrency as a method of payment in the future, according to co-founder…
Samsung Plans To Build A $17 Billion Chip Plant In Texas
Samsung is planning to build a $17 billion semiconductor factory in Taylor near Austin, Texas, over the next…