Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Business
First negative FDI in 33yrs piles pressure on Tinubu
Foreign Direct Investment (FDI) inflows into Nigeria turned negative last year for the first time in at least 33 years,…
FG may sanction PoS agents over price fixing
The Federal Competition and Consumer Protection Commission has stated that it is investigating price fixing attempts by Point of Sales agents and will sanction them if they are found guilty. This is following…
TinuBULL turns to TinuBEARS; Nigerian equities lose N671 billion following previous upswing
The Nigerian equity market experienced a significant pullback on Tuesday, as investors booked profits after a strong performance in the previous trading day. The All-Share Index (ASI) closed at 60,715.04…
Nigeria to repay $500 million Eurobond debt this July
Nigeria is to redeem a $500 million Eurobond this month (July) as the country continues to battle multiple economic challenges. Data from the Debt Management Office (DMO) indicate a $500 million Eurobond loan is…
Airtel Africa awards £2.3 million in shares to two top directors
Airtel Africa Plc has announced that it has awarded shares worth £2.3 million to two of its top directors, Olusegun Ogunsanya and Jaideep Kishore Paul. The shares were awarded under the company’s Long-Term…
Sterling HoldCo appoints new Chairman, CEO and Non-Executive Directors
Sterling Financial Holdings Company Plc has announced the appointment of new Chairman, CEO, and Non-Executive Directors. This was disclosed in an official statement to Nigeria Exchange Limited which was…
No fuel subsidy payments have been made to marketers since 2016 – NNPC Limited
The Nigerian National Petroleum Company Limited has said that it will reconcile fuel subsidy deductions with the Federal Government, after stating that no fuel subsidy payments were made to marketers since January…
GTCO AUTISM CONFERENCE 2023…… EMPOWERING VOICES FOR AUTISM
Guaranty Trust Holding Company Plc (GTCO) has announced dates for the 2023 GTCO Autism Conference and follow-up…
Remembering a Visionary: NGX and CIS Pay Tribute to Otunba Subomi Balogun
The Nigerian Exchange Limited (NGX), in collaboration with the Chartered Institute of Stockbrokers (CIS) and other esteemed market stakeholders, came together on Monday to honor the late…
Facebook owner Meta to launch Twitter-like app
Facebook owner Meta’s new Threads app, meant to compete with Twitter, was available for pre-order on mobile app stores on iPhone and Android operating systems on Monday. Listed as “Threads, an Instagram app,”…
Naira gains big against the dollar, closes N741/$1
The exchange rate between the dollar and naira closed at N741.5/$1 at the official investor and exporter window on Monday, July 3rd, 2023. The forex market opened at N760.39/$1 and sold for an intra-day high…
Nigerian banks pay N1.39bn as audit fees to PwC, KPMG, EY, Deloitte
Seven commercial banks listed on the Nigerian Exchange Group paid a total of N1.39 billion to auditing firms in the…
FG announces plans to collect VAT from market traders, informal sector
The Nigerian Government through the Federal Inland Revenue Service, FIRS, announced the VAT Direct Initiative, a scheme that would enable FG to collect Value Added Taxes from the informal sector and reduce multiple…
FG targets N12bn from new vehicle tax
The Federal Government is set to make about N12bn a year from the N1,000 Proof of Ownership Certificate verification fee motorists are to pay.…
Banking sector lending to critical sectors still paramount – CBN
The Central Bank of Nigeria (CBN) has insisted that sustaining banking sector lending to critical sectors of the economy remains paramount as an…
Coca-Cola To Pay N3m Compensation To Publisher Over Copyright Infringement
A Lagos Federal High Court has ordered Coca-Cola Nigeria and the Nigerian Bottling Company Limited (NBC) to pay N3 million in compensation to Abdulmumineen Onilemarun, a publisher whose work was used for religious…
Court Issues Garnishee Order On NNPC, PPMC’s N4.7bn In First Bank
A Federal High Court in Lagos has issued a Garnishee order on the sum of N4.7 billion belonging to the Nigeria National Petroleum Company Limited (NNPC), and its sister company, Pipeline, and Products Marketing Ltd…
Okomu Oil Palm Nets N10bn In Critical Q1 Season
The company’s first quarter interim financial report for the three months ended March 2023 shows a strong earnings elevation from a final quarter loss of N1.8 billion in 2022 to maintain an outstanding profit growth for…
Tariff hike: Nigerians in panic bulk energy buying
Confusing signals emanating from electricity distribution companies (DisCos) in the country and the…
Unverified users limited to reading 600 tweets daily – Elon Musk
Elon Musk, the billionaire founder of Tesla Inc., says a temporary limit has been made to the number of posts users can read daily on Twitter. The move seeks to tackle issues around “data and systems…
Naira closes the month at N769.25 to a dollar at I&E window, N770/$1 at BDC
The Nigerian currency, Naira, ended the month of June with a slight depreciation against the US dollar at the Investors and Exporters (I&E) window. According to data from FMDQ Securities Exchange, the…
Apple’s market valuation hit $3 trillion
Apple Inc. achieved a market valuation of $3 trillion, becoming the first publicly traded company to reach this milestone for the second time. This occurred when Apple’s shares surpassed $190.74 at the…
Lagos PoS agents plan N500 fee for N10,000 withdrawal
Point of Sale agents in Lagos State will soon begin to charge customers N500 for N10,000 cash withdrawals. This is after the Association of Mobile Money and Bank Agents in Nigeria, Lagos Chapter, announced a new…
BREAKING: Exchange rate closes at N769.25/1$, depreciates 39% in one month
The latest I&E Window exchange rate for June 30th, 2023 shows the exchange rate between the naira and dollar closed at N769.25 per dollar after the opening rate was N758.56 per dollar. The turnover was $263.45…