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GTCO MUSIC CONCERT: LIVE IN GHANA!
Guaranty Trust Holding Company Plc, the parent company of Guaranty Trust Bank (Ghana) Ltd, holds its first-ever show outside the shores of Nigeria tagged: GTCO Music Concert: Live in Ghana! From the…
Eight PFAs meet N5bn capital requirement
Chief Executive Officer, Pension Fund Operators Association of Nigeria, Oguche Agudah, said on Friday that eight out of the 20 pension fund administrators in the country have…
eNaira downloaded over 566,000 times from 160 countries – CBN
The Central Bank of Nigeria said on Friday that the eNaira wallet has been downloaded over 488,000 times from over 160 countries. The CBN said in a statement, “So far, we have…
Foreign investors prefer Nigerian banks’ Eurobonds to their stocks
Foreign investors can’t get enough of Nigerian banks’ Eurobonds but won’t touch their stocks with a ten-foot pole. First, it was Access Bank and now United Bank for Africa (UBA) that…
ESPN, NBC Sports, CBC Sports battle for Premier League TV rights
Premier League clubs are set for another significant windfall with the three biggest TV networks in the United States are battling for TV rights to broadcast games for the 2022/2023…
Naira gains in parallel market on rising dollar availability
Nigeria’s naira rebounded in the illegal market as the central bank boosted sales of dollars through commercial banks, according to traders. This has helped to close the gap with the official…
All eyes on SEC as First Bank ownership tussle rages on
Who is the largest single shareholder in First Bank? That question has been on the lips of many shareholders of the bank as well as other investors, analysts and members of the public…
Alibaba, JD enjoy record Singles Day despite tech crackdown
Chinese ecommerce titan Alibaba enjoyed record sales during its Singles Day shopping extravaganza, giving a much-needed boost to the firm after a torrid year in which it became the…
Shippers To Cut Demurrage, Empty Container Charges After Strike Threat
Shipping companies in Nigeria have agreed to a downward review of demurrage and empty container charges as freight forwarders plan a strike action. The multinational liners had about two weeks…
Winners in promo lauds FCMB
Customers and winners in the just-concluded Season 7 of the First City Monument Bank (FCMB) bumper reward scheme, “FCMB Millionaire Promo”, have described the bank as a friend of the…
UBA’s $300 Million Eurobond Oversubscribed
Amid global and domestic challenges, the United Bank for Africa Plc’s (UBA) $300 million Eurobond attracted 1.7 times oversubscription from investors across the globe. The Pan-African…
Lagos streets turn outlets for fast food
In a bid to reach more customers and boost sales, fast food restaurants have turned Lagos streets into retail channels to sell their products in cheaper and smaller packs. According…
Libya overtakes Nigeria as Africa’s biggest oil producer
Nigeria has lost its Africa’s top oil producer status to Libya as its crude oil production fell further last month amid lingering supply disruptions, according to a new report by the…
Naira appreciates further, trades N530 a dollar at parallel market
The naira has appreciated further against the dollar at the parallel market on Thursday to trade at N530 per dollar. The figure is N10 or 1.8 percent higher than the N540 it traded on…
Danger as Yahoo Boys hijack POS business in Nigeria
Internet fraudsters known as Yahoo Boys have hijacked POS business in Nigeria ENigeria Newspaper investigation has revealed. Point of sales – POS business operations for decongesting…
Dangote committed to Bridging Unemployment Gap
…as LCCI commends its impact Dangote Industries Limited has restated its commitment to contributing to significant reduction in the number of…
Dangote’s $500M Cement Refinery At Ethiopia Endangered As Rebel Forces Close In
A cement refinery in Ethiopia belonging to Dangote Group risks being damaged in the ongoing conflict by Tigray rebels and its allies against the Ethiopian government and its allies.…
Elon Musk sells $5bn of Tesla stock — days after Twitter poll
Elon Musk, the billionaire founder of Tesla Inc., has sold about $5 billion worth of Tesla’s shares — just days after he polled Twitter users about selling 10 percent of his stake.…
Construction Giant Ronchess PLC gets listed in the Nigerian Stock Exchange
The Nigerian Exchange (formerly known as the Nigerian Stock Exchange), has approved the listing of Ronchess Global Resources Plc on the Nigerian Exchange. In a letter to the Stockbroker on the listing…
Cititrust Holdings Sells 100% Stake In Nigerian Subsidiaries
Cititrust Holdings Plc has sold 100 per cent stake in Cititrust Financial Services Plc Nigeria and its six subsidiaries to Clandun Business Advisory. The group said in a statement on…
NNPC Plans To Rebuild Badagry Expressway Under Tax Credit Scheme
Nigerian National Petroleum Corporation (NNPC) has resolved to rebuild the Badagry Expressway under the Federal Government’s Tax Credit Scheme. The Controller of Works in Lagos,…
Nigeria Holds 29% Africa’s Total Oil Reserve – OPEC
The Organization of Petroleum Exporting Countries (OPEC) has said Africa’s proven oil reserves reached 126 billion barrels in 2019, with Nigeria having 36.9bn, which is about 29 per cent…
Naira gains 3.6% to trade N540/$1 at parallel market
The Nigerian naira has appreciated by 3.6% to N540/$1 at the parallel market — almost four months after the Central Bank of Nigeria (CBN) stopped FX sales to Bureaux De Change (BDCs)…
Billionaire Aliko Dangote’s net worth rises to $19.2bn from $17.8bn in August
Africa’s richest man, Aliko Dangote, has significantly moved up in the Bloomberg Billionaires Index as his fortune increased to $19.2 billion from $17.8 billion in August 2021.…