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Business
NNPC Induces 500 Staff To Leave
New realities that come with the new status of the…
Why Bitcoin must close above $21,900 – Trader
Bitcoin (BTC) found strength at $22,000 into July 24 with bulls still aiming for a solid green weekly close. Data showed BTC/USD halting a weekend drop at $21,900 to return towards the…
Mass Resignation Of Software Engineers Disrupts Banks Digitisation Move
The mass resignation of software engineers in most commercial banks across the country for greener’s pasture abroad, is currently threatening digitisation in the banking sector, LEADERSHIP can exclusively…
My Petrochemical Plant Will Boost Nigeria’s Non-Oil Export Earnings – Aliko Dangote
Mr Aliko Dangote, President of Dangote Group, says the company’s two-billion-dollar petrochemical plant, when fully operational, will position Nigeria as one of Africa’s largest petrochemicals…
Twitter misses sales estimates amid legal battle with Elon Musk
Twitter Inc. reported disappointing second-quarter sales on Friday, another blow to a company that is already fighting a high-profile legal battle with Elon Musk over the fate of the social network.…
EU to replace Russian gas with Nigeria’s
The European Union (EU) Delegation to Nigeria and ECOWAS said that it would replace the gas from Russia with Nigerian Gas due to the invasion in Ukraine. Mr Matthew Baldwin, the Deputy Director-General…
We Can’t Access Forex To Purchase, Replace Our Equipment, SIFAX GROUP Tells Shippers’ Council
Sifax Group, on Thursday, raised the alarm…
CBN clarifies stand on illicit conversion of currency
The Central Bank of Nigeria (CBN) has clarified the statement made by the Governor, Godwin Emefiele, at Tuesday’s post-Monetary Policy Committee (MPC) meeting briefing, warning bank customers against…
Bakers halt bread production Thursday over skyrocketing costs
Bakers under the aegis of the Premium Breadmakers Association of Nigeria have announced plans to halt production of their products, effective Thursday. According to a statement signed by the President…
Experts Fault CBN’s 14% Interest Rate Hike, Tightening Measure
Experts have said the 14 per cent interest…
$44bn deal: Twitter, Elon Musk legal battle begins in October
Twitter Inc will get an October trial in its legal fight to hold Elon Musk to his $44 billion takeover, after a Delaware judge said on Tuesday the social media company deserved a quick resolution of the…
Netflix loses nearly 1m subscribers — but records 9% revenue growth in Q2 2022
Netflix, America’s streaming giant, says it lost about 970,000 subscribers in the second quarter (Q2) of 2022. The company’s leadership disclosed this on Tuesday in an interview on its while speaking on…
Nigerians using naira to buy dollars will be arrested; it’s illegal – CBN
The Central Bank of Nigeria has threatened to arrest and prosecute Nigerians using naira to buy dollars. “For those taking money from banks to buy dollars, it is illegal to do so. If the security…
DANGOTE INDUSTRIES COMPLETES ISSUANCE OF ₦187.6BN SERIES 1 FIXED RATE SENIOR UNSECURED BOND, MARKING…
Dangote Industries Limited (“DIL” or the “Group”),…
5G: Mafab pursues licence ahead NCC Aug rollout
Mafab Nigeria Communications Limited is in a race to secure its Unified Access Service Licence in order to be ready for the August 24 5G launch timeline of the Nigerian Communications…
EXPLAINER: Four Ways New Monetary Rate Can Affect You
The Central Bank of Nigeria on Tuesday hiked the Monetary Policy Rates (MPR) from 13% to 14%. Godwin Emefiele, governor of Nigeria’s apex bank, made this known while briefing the media in Lagos.…
Court Halts Appointment Of FBN GMD
A Federal High Court sitting in Lagos has ordered FBN Holdings Plc. to maintain the status quo by putting on hold the appointment of Mr. Nnamdi Okonkwo as the Group Managing Director and Mr. Julius Omodayo…
We’ll disclose asset base of NNPC Limited soon – Kyari
Mele Kyari, group chief executive officer, Nigerian National Petroleum Company (NNPC) Limited, says the company will soon disclose its asset base in view of its current status. Kyari made this known on…
ACAMB to boost economy with 1st Banking National Stakeholders Conference with OPS in Partnership…
The Association of Corporate Affairs Managers of Banks (ACAMB), a banking industry corporate communications and…
BREAKING: Buhari formally unveils new ‘NNPC Ltd’ as a private company
President Muhammadu Buhari on Tuesday unveiled the new Nigerian…
NNPC announces increase in petrol pump price from today
The Nigerian National Petroleum Limited has approved an upward review in the…
‘Our 10th AGM is valid’ – FBN Holdings reacts to ‘court order’ against its meeting
FBH Holdings Plc has reacted to a court injunction…
NNPC Transition: Group CFO Expected to Intensify Internal Checks, Control
•FG to Halt funding as national oil company transforms fully to commercial entity today •Eyes IPO in June 2023 as Kyari assures NNPC will run as world class firm • Says Dangote refinery ready…
Euro Falls Below Dollar For First Time In 20 Years
The euro has fallen below the dollar for the first time in nearly 20 years as the war in Ukraine pushes the single currency down. A single euro bought $0.998 on the foreign exchange market; down by 0.4 per…