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Despite Global Disruptions, Nigerian Stock Market Rakes In N831bn In 6 Months
Despite the compounding damage from the COVID-19 pandemic and the Russian invasion of Ukraine, which has magnified the slowdown in the global economy, the country’s capital market activities…
Nigerian Breweries records N274.03bn revenue in 6 months
Nigerian Breweries Plc has announced a revenue of N274.03 billion for the first half of the year ended June 30, 2022. The company’s Secretary and Legal Director, Mr. Uaboi Agbebaku, made the disclosure…
FCMB disburses 442,000 Digital Loans in 6 months
For the six months ended June 30, 2022, FCMB Group Plc has reported…
Elon Musk countersues Twitter
Elon Musk has filed a private countersuit against Twitter, intensifying his legal battle with the social media firm over his attempt to back out of the $44 billion acquisition. His case was…
AMCON returns firm to Imo after 10-year takeover
The Asset Management Corporation of Nigeria has handed over the original title documents of a footwear manufacturing factory co-founded by the Imo State Government, Standard Shoe Company Limited, to the state…
Strong dollar worsens naira pressure, US enters recession
The naira has come under increased…
We submitted application for licence in Kenya in 2019 – Flutterwave
Flutterwave has reacted to reports with regards to its operating…
Emirates reduces flights to Lagos over inability to repatriate $85m revenue
Emirates Airlines, flag carrier of the United Arab Emirates (UAE), says it will reduce its flight operations to Nigeria over the inability to repatriate about $85 million in revenue. Last…
Lagos to Abuja N80k, PH to Kano N85k — airlines increase fares over rising fuel cost
Nigeria airlines have increased fares for domestic flights to at…
Forex Crises: CBN Allays Fears, Warns Against Speculation
The Central Bank of Nigeria (CBN) has allayed fears over the current rising forex demands and the impact on the naira, saying it will strive to meet legitimate requests for foreign exchange. This is…
FCMB Group Records 73.2% Profit Growth, unveils affordable loans for 100,000 MSMEs
For the six months ended June 30, 2022, FCMB Group Plc has reported…
Introducing Squad: The Complete Payments Solution for your Business
Payments: They are the core of every business. And so, in an era where digital has won over brick and mortar, it became imperative to create requisite payment solutions that can offer businesses of today speed, reliability, and convenience,…
Stakeholders Oppose 5% Duty On SMS, Data Services
Association of Licensed Telecoms Operators of Nigeria…
Firstmonie agents record one billion transactions
First Bank of Nigeria Limited has said its agent banking network, Firstmonie Agents, spread across the country has processed transaction volume in excess of one billion, amounting to over N22tn. It…
Oil price nears $110 a barrel amid fall in US inventories
Global oil prices rose amid a fall in the United States crude inventories.…
Senate to summon CBN Governor Emefiele over free fall of Naira
The Senate on Wednesday resolved to invite the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele to address the senators on the free fall of the Naira to Dollar and other currencies. The senate resolved…
No plans to lay off staff, we’re bound by PIA Act – NNPC
The Nigerian National Petroleum Company, (NNPC)…
UTM Offshore’s Julius Rone to Drive FLNG and Gas Monetization Investments and Opportunities at AEW…
The Managing Director of UTM Offshore will provide an update on the $5…
EXPLAINED: Why Nigeria is not yet broke
A recent headline from various Nigerian media outlets read “Nigeria broke as debt payment exceeds revenue”. The topic soon dominated social media, schools, private and public sector circles…
CBN seeks order to freeze 157 accounts of companies over ‘diversion of funds for prepaid meters’
The Central Bank of Nigeria (CBN) has asked a court for an order to freeze 157 accounts of Meter Asset Providers (MAPs) for allegedly diverting funds meant for the procurement of prepaid meters. In a…
Mohammed Indimi’s Oriental Energy Goes Deeper In Financial Crises
OpenLife Nigeria reports that the financial crises that have…
Nigerians to pay more as bakers hike bread price by 20%
Nigerian bakers have decided to hike the price of bread by 20…
Nigeria’s petroleum import-export reveals $43 billion disparity
Nigeria’s petroleum imports has currently outweighed the value of its petroleum exports to the tune of $43 billion, according to report. This is coming as the Budget Office revealed that Nigeria’s debt…
Understanding the new NNPC Ltd
It was a moment of joy for stakeholders in the oil and gas industry as President Muhammadu Buhari unveiled the new Nigerian National Petroleum Company Limited (NNPC Ltd.) on July 19. Following the…