Business
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BREAKING: Court frees detained Binance’s officials from tax evasion case
A Federal High Court in Abuja has discharged two officials of virtual currency trading firm, Binance Holdings Limited – Tigran…
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The money is there to pay minimum wage, use recovered loot – Falana
Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana said both the federal and state governments can pay…
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NRC lists factors that affect train operations
The Managing Director and Chief Executive Officer (MD/CEO) of the Nigerian Railway Corporation, Fidet Okhiria has said that the cost…
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Crude oil responsible for over 80% of Nigeria’s exports in Q1 2024
Crude oil exports accounted for 80.8% of Nigeria’s exports in the first quarter of 2024, according to the National Bureau…
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Labour to consider resuming strike after rejecting N62,000 minimum wage offer, insists on N250,000
The Organised Labour has said it will not accept the proposed N62,000 or even N100,000 “starvation wage” as the minimum…
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Moniepoint renews onboarding with referrals to rake in new customers
Moniepoint Microfinance Bank (Moniepoint MFB) has relaunched its personal banking referral programme as part of efforts to drive onboarding of…
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Data, AI Leader, Abel Aboh, Inducted into Hall of Fame in UK
Abel Aboh, a Nigeria-born British Data Management leader in the data, technology and AI space has been inducted into the…
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FG gets massive lifeline from Afreximbank
The African Export-Import Bank (Afreximbank) has revealed an additional disbursement of $925m under the syndicated $3.3bn crude oil-backed prepayment facility…
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AfDB partners Intel to train millions of Africans on AI
The African Development Bank and technology giant, Intel, have announced plans to equip three million Africans and 30,000 government officials…
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Heritage Bank: Shareholders urge CBN to probe MD, EDs
Some members of the minority shareholders community have called for a probe of the management and directors of the failed…
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5 Crypto Airdrops after Notcoin to watch out for in June 2024
Airdrops are the fastest way to earn free crypto tokens in a crypto project and rewards from airdrops could range…
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Finance minister never proposed N105,000 minimum wage – Presidency
The Presidency has rubbished claims that the Minister of Finance and Economy, Wale Edun proposed N105,000 as a new minimum…
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Cardoso: CBN to implement bold reforms for economic revival
Governor of the Central Bank of Nigeria (CBN), Mr. Olawale Cardoso, stated that the apex bank will persist in implementing…
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Naira appreciates to N1,495/$ in black market
The Naira yesterday appreciated to N1,495 per dollar in the parallel market from N1,510 per dollar on Wednesday. Similarly, the…
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Discos generate N293bn despite blackout
Power distribution companies made a total of N292.71bn revenue in the first quarter of this year despite complaints of inadequate…
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FCMB secures $15m trade facility
First City Monument Bank (FCMB) has announced that it has secured a $15m trade financing facility from the International Islamic…
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FG to suspend import duties on food and drugs
The Federal Government (FG) may be preparing to suspend import duties on staple food items, drugs, and other essential goods…
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Strike: FG’s silence over power hike reversal disappointing – NLC
The Nigeria Labour Congress has described the federal government’s silence on the April 3 electricity tariff hike as disappointing.
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NDIC to repay Heritage Bank customers within one week – MD
The Nigerian Deposit Insurance Corporation, NDIC, has assured depositors of Heritage Bank that there is no need to panic as…
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FG finally admits to fuel subsidy, says it may drink up to N5.4tn in 2024
The Federal Government has finally admitted to subsidizing fuel, further hinting that it will gobble N5.4 trillion in 2024, despite…
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Sell crude to Dangote refinery, FG directs IOCs
The Nigerian Upstream Petroleum Regulatory Commission has said it would mandate international oil companies to supply crude oil to Dangote…
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Labour strike: FG loses N149bn in oil sector
Nigeria may have lost about N148.8bn in oil revenue on Monday as a result of the industrial action embarked upon…
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FG: CNG to reduce petrol imports by $4.4bn
The Federal Government announced on Tuesday that the country will reduce its annual importation of Premium Motor Spirit, commonly known…
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I’d have organised rally to support labour if FG had not resolved the minimum wage issue by next week
Maverick singer Charles Oputa, professionally known as Charly Boy, has disclosed plans to support the labour unions in their ongoing…
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Things have gotten worse with our ‘son’ Tinubu in power, rice now N77k/bag – Pastor Giwa
The Senior Pastor of Awaiting The Second Coming of Christ Ministry, Adewale Giwa, has urged citizens to return to God…
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Stock investors lose N102bn
The Nigerian Exchange on Monday lost N102bn, underpinned by losses in First Bank of Nigeria Holdings, Seplat Energy and Transcorp.…
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FBN Holdings reports 181% increase in revenue
FBN Holdings’ unaudited financial statement reveals that gross earnings soared by 181.4 percent, reaching N730.3 billion in the first quarter…
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CBN ban: Opay, Kuda issue strict guidelines for account opening
Financial technology firms Kuda Microfinance and OPay have resumed onboarding new customers following a directive from the Central Bank of…
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Breaking: FG, Labour meeting ends + Full resolutions
The meeting convened by the Secretary to the Government of the Federation, George Akume, with organised labour over the industrial…
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Strike: Threatening our representatives would be counterproductive — NLC
The Nigerian Labour Congress (NLC) has warned that any attempt to intimidate, provoke or blackmail its leaders at the negotiation…
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Your demand for N494,000 is unrealistic, strike will do more harm than good – LP to Organised Labour
The Labour Party (LP) in Nigeria has urged workers’ unions to re-negotiate with the government on a new minimum wage…
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Strike: Workers shut FCTA gates
Workers of the Federal Capital Territory Administration (FCTA) under the Joint Unions Action Committee (JUAC) on Monday morning shut the…
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Labour invades TCN, beats workers up, shuts down national grid
Electricity workers have shut down the National Grid as the strike action called by the Nigerian Labour Congress and the…
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Breaking: Workers shut Nigerian ports
Maritime Workers Union of Nigeria (MWUN) has shut down port operations across the country in compliance with the strike directive…
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Breaking: CBN revokes license of Heritage Bank
The Central Bank of Nigeria (CBN) has withdrawn the operating licence of Heritage Bank.
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CBN clears $831m foreign airlines’ trapped funds – IATA
The International Air Transport Association (IATA) has confirmed that the Central Bank of Nigeria (CBN) has cleared foreign airlines trapped…
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GenCos lament N3.7 trn debt, report 10% of invoices paid monthly
Power generation companies in Nigeria, known as GenCos, raised the alarm yesterday over the looming collapse of their operations. They…
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Stock investors gain N619bn in May
Despite persistent interest rate hikes by the Central Bank of Nigeria (CBN), the equities market defied expectations, concluding trading in…
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Market sustains bullish run as investors gain N259bn
The equity market extended its rally to the fourth consecutive trading day as investors gained about N259bn on Thursday. The…
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Power Distribution : FG secures $500m W’Bank loan
The Federal Government has secured a $500m World Bank loan to bolster Nigeria’s electricity distribution sector, the Bureau of Public…
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