Business
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Inflation drops PMI, sees marginal rise to 51.1 points
In April, the Purchasing Managers’ Index (PMI) saw a slight uptick to 51.1, attributed to a deceleration in the rate…
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Microsoft pledges $2.2b AI investment in Malaysia
Microsoft pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia on Thursday to help develop the…
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FCMB Group records 186% profit growth, proposes 50k dividend
FCMB Group Plc has recorded a profit before tax of N104.4 billion, a 186 per cent Year-on-Year (YoY) increase compared…
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Dangote Refinery to get valid operating licence soon – FG
The Federal Government, on Tuesday, announced that it will soon issue a fully valid operating licence to the 650,000 barrels…
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Money Laundering Charges: Binance crypto founder Zhao sentenced to 4months in prison
The founder of cryptocurrency firm, Binance, was sentenced to four months in US prison on Tuesday after pleading guilty to…
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Glovo to close down Ghana operations despite $3.7 million investment
A food delivery platform, Glovo, will cease operations on May 10, in Ghana, two years after investing €3.5 million ($3.7…
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CBN restricts account openings in for Kuda, two others
The Central Bank of Nigeria (CBN) has reportedly directed Moniepoint, OPay, Kuda Bank, and Palmpay to restrict new account openings.
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Electricity: Consumers not enjoying 20hours supply will not pay new tariff – Adelabu
The Minister of Power, Adebayo Adelabu, has assured that any customer not currently enjoying 20 hours of electricity would not…
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Meetings+: MTN, Zoom launch new video conferencing platform
MTN Nigeria, in collaboration with Zoom Video Communications and SpeechLogix, has launched Meetings+, a video conferencing platform, designed for small…
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Tribunal stops Multi-Choice from increasing DStv, GOtv tariffs
On Monday, a Competition and Consumer Protection Tribunal (CCPT) in Abuja issued a restraining order against Multi-Choice Nigeria Limited, preventing…
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Naira slumps to N1,340/$ in parallel market
The Naira yesterday depreciated to N1,340 per dollar in the parallel market, from N1,300 per dollar last week Friday. Similarly,…
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Implemented policies show that the Tinubu administration cannot change Nigeria’s economic fortunes – Suswam
Former Benue State Governor and Benue North-East Senator in the 9th National Assembly, Gabriel Suswam, said the government of President…
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Breaking: Obaseki raises minimum wage from N30k to N70k
Godwin Obaseki, Edo State Governor, has announced an improved minimum wage of N70,000 for civil servants.
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Fuel Scarcity: Queues Resurface Amid Supply Shortages
Queues for petrol have continued to grow in different states as the country is being thrown into a fresh round…
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Naira rebounds to 1,275/$ at black market
The naira rebounded against the United States dollar, appreciating by N125 to close N1,275/$1 over the weekend. The new rate…
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President Tinubu, Netherlands Prime Minister meet to discuss investment
President Bola Tinubu says Nigeria is well-positioned to power the clean energy future of Europe and the world with its…
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Please dualise Ikorodu-Itokin Road – Sanwo-Olu, Abiru beg Umahi
Governor Babajide Sanwo-Olu of Lagos State and Senator representing Lagos East, Adetokunbo Abiru have appealed to the Minister of Works,…
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NNPCL gives reasons for worsening fuel queues
In Abuja and neighboring Nasarawa and Niger states, queues for Premium Motor Spirit, commonly known as petrol, worsened on Thursday.…
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Naira dips to N1,405/$ in black market
The Naira depreciated to N1,405 per dollar in the parallel market, from N1,305 per dollar on Wednesday. Similarly, the Naira…
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Air Peace to begin Abuja-London flights
Nigerian airline operator Air Peace will commence its Abuja-London route very soon. This was disclosed by the Minister of Aviation…
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NCC celebrates 2024 International Girls in ICT Day
The Nigerian Communications Commission, NCC, has joined the world to mark the 2024 International Girls in ICT Day. The commission…
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MRS drops diesel price to N1,050 per litre
Following Dangote Refinery’s recent price reduction, MRS Oil Plc, a prominent oil marketing company, has announced a nationwide decrease in…
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Court adjourns Binance executive’s bail ruling to May 17
Nigeria's Federal High Court in Abuja has adjourned Tigran Gambaryan's executive bail request ruling until May 17.
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BREAKING: Federal Government suspends Dana Air
The Nigerian Government has suspended the operations of Dana Air.
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Finance ministry recovers N57bn MDAs’ debts – Director
The Federal Ministry of Finance has recovered over N57bn from the N5.2tn debts owed by ministries, departments, and agencies to…
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Finance ministry recovered N57bn MDAs’ debts – Director
The Federal Ministry of Finance has recovered over N57bn from the N5.2tn debts owed by ministries, departments and agencies to…
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CBN releases more dollars as naira weakens to 1,300/$
The naira depreciated further against the United States dollar at the official market on Tuesday, closing at 1,300/$. This came…
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FG seeks fresh $10bn investment in 0il & gas sector
The Federal Government is aiming to attract about $10bn worth of investment through the signing of the consolidated guidelines for…
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Transcorp to expand service offerings for revenue growth
The Managing Director\Chief Executive Officer, Transcorp Hotels Plc, Dupe Olusola, said that the company plans on diversifying its services, among…
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FG To Ramp Up Power Capacity To 6000MW By Yearend
The Federal Government has concluded plans to ramp up power generation to a target 6,000 Mega Watts from 4,000 MW…
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We laughed at Nigerians celebrating the seeming collapse of the Naira – VP Shettima
Shettima has assured Nigerians that the Tinubu administration is doing its best to address challenges in the power sector, he…
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Nigeria qualifies for “free lunch” World Bank loan
The Minister of Finance, Wale Edun, unveiled this during a joint press conference held by the Ministry of Finance and…
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WPG Limited sacks Tinuade Sanda as EKEDC MD/CEO
West Power & Gas Limited, the parent company of Eko Electricity Distribution Plc (EKEDP), has sacked the immediate former MD/CEO…
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FirstBank appoints new MD/CEO
Olusegun Alebiosu has been appointed as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group),…
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Naira depreciates to N1,140/$ in parallel market
The Naira has depreciated to N1,140 per dollar in the parallel market, from N1,060 per dollar on Thursday. Similarly, the…
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Tinubu’s administration yet to borrow from CBN ,- Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said yesterday that the Federal Government would…
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N3.2trn subsidy required to reverse electricity tariff hike — NERC
The Chairman of the Nigeria Electricity Regulatory Commission, Sanusi Garba, on Thursday, said the Federal Government of Nigeria will need…
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Wema Bank suspends fintech partners for fraud
Wema Bank, one of Nigeria's commercial banks, has removed and suspended up to seven fintech partners from its payment gateway…
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Cellulant appoints new executives from two global payment companies
Cellulant, an African payments company, has announced the addition of several executives from global payment companies to its management team…
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It is not CBN’s intention to defend the Naira — Cardoso
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), explained yesterday that the apex bank is not defending…
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