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Lagos Govt Through IBiLE Holdings Partners With CIG Motors on LagRide
Lagos State Government and IBILE Holdings Limited partners with CIG Motors to expand LAGRIDE’s Smart Mobility and E-Hailing Fleet with 5000 new…
FG’s policies crippling businesses — NECA, MAN, NACCIMA
The Nigeria Employers’ Consultative Association, NECA, Manufacturers Association of Nigeria, MAN, and the Nigerian Association of Chambers of Commerce Industry Mines and Agriculture, NACCIMA, have blamed hastily…
Naira appreciates to N1,550/$ in parallel market
The Naira yesterday appreciated to N1,550 per dollar in the parallel market from N1,555 per dollar on Monday. Similarly, the Naira appreciated to N1,576.66 per dollar in the Nigerian Autonomous Foreign Exchange…
Court blocks Emefiele’s request to travel outside Nigeria for medical checkup
The Federal Capital Territory High Court has dismissed a request by former governor of the Central Bank of Nigeria, (CBN), Godwin Emefiele which sought leave to access his international passport to enable him to…
Businesses struggle to stay afloat as Nigeria economic crisis deepens
Businesses are struggling to stay afloat amid Nigeria’s worsening economic crisis. Nigeria is experiencing its worst economic crisis in decades, a situation that has stripped it of its status as Africa’s largest…
Adaora Umeoji Highlights Zenith Bank’s Robust Financial Metrics: Says Bank Is Poised To Cross The N1…
Dear Editor, Good Morning, Hope this mail meets you well. We appreciate your continuous support. Kindly help publish the attached Press release Titled: ADAORA UMEOJI…
Lagos, CIG Motors sign deal to roll out 5,000 new smart taxis
The comfort and convenience passengers derive riding in Lagos Ride, an e-hailing taxi scheme operated by the Lagos State Government, is about to get better with…
Controversy as Manufacturers reject NBS inflation figure
Nigeria’s inflation narratives took a controversial twist yesterday as the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), gives its own figure contradicting that of the…
Dangote says company’s projected $30bn revenue will boost the naira value
President of Dangote Group, Aliko Dangote, on Sunday stated that his company’s aim is to become the leading supplier of foreign exchange in the FX…
GTCO PLC Launches Public Offer to Raise N400.5Billion
Guaranty Trust Holding Company plc (“GTCO PLC” or the “Issuer”) (NGX: GTCO) today announced the opening of its Offer for Subscription of…
BREAKING: Nigeria’s inflation rate increases to 34.19%
Nigeria’s inflation rate rose to 34.19 percent in June 2024 — up from 33.95 percent in May. The data is captured in the National Bureau of…
Amid economic headwinds, developers, investors turn to mixed-use schemes
The economic reality is reshaping the real estate landscape with developers and investors alike becoming more flexible and fast paying attention to mixed-use schemes. The attendant return on investment and…
Cryptocurrency fraudsters smile to banks as victims lament
The rapid growth of the cryptocurrency market has brought with it a surge in scams targeting unsuspecting investors. Crypto robbers armed with anonymity and sly tactics are defrauding people of their hard-earned…
Nigeria generator dealers struggle with low patronage as 11kV gen hits N750,000 in Lagos, Abuja
In the bustling outskirts of Lagos and the heart of Nigeria’s capital, Abuja, where power outages are a daily hassle, self-servicing generators have been a practical solution for households, small businesses,…
Dangote lists refinery shares March, supplies petrol August
•Dangote eyes fertiliser supply to African countries in two weeks, plans 70% of group’s revenue in forex The President and Chief Executive Officer of Dangote Industries Limited, Alhaji Aliko Dangote, has…
NNPC reveals why stake in Dangote refinery was reduced to 7.2%
The Nigerian National Petroleum Company (NNPC) Limited says its decision to limit its equity participation in the Dangote Petroleum Refinery was made months ago. In a statement on Sunday, Femi Soneye, NNPC’s…
BREAKING: NNPC no longer owns 20% of Dangote Refinery, says Aliko Dangote
The Chief Executive Officer (CEO) of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation (NNPC) Limited no longer owns a 20% stake in Dangote Refinery. Dangote disclosed this…
Dangote Refinery Resolves Crude Supply Issues, To Roll Out Petrol In August
President of the Dangote Refinery, Alhaji Aliko Dangote, says the refinery is now set to roll out its petrol from August 2024, having resolved its crude oil supply issues through the help of the Nigeria National…
Binance Tax Evasion Trial Fixed For October
A High Court in Abuja has scheduled October for verdict in the tax evasion trial against Binance, a cryptocurrency exchange. The trial is billed to commence on October 11. Binance is facing four counts of tax…
Dangote Refinery seeks fresh 11 million barrels US oil amid Nigeria’s struggles
The Dangote Refinery has announced plans to acquire an additional 11 million barrels of crude oil from the United States, in a move that…
Monetary policy rate hikes stabilised the economy — Cardoso
Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has said that the Monetary Policy Committee’s hikes in interest rates were…
FCMB, Tulsi Chanrai Foundation Mark 15 Years of Restoring Sight to 400,000 Nigerians
First City Monument Bank (FCMB) and its implementation partner, the Tulsi Chanrai Foundation (TCF), are marking a significant milestone: 15 years…
FG reaches agreement with oil producers on supply of crude oil to local refineries
The federal government, through the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), has reached an agreement with producers to permit the sale of crude oil to domestic refiners at market prices. This…
Microcredit: FCMB Supports Rotary Club of Lagos to Empower 200 Widows
First City Monument Bank (FCMB) has announced its support for a service project by the Rotary Club of Lagos, District 9112, to empower over 200 widows through…