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Business

N210tn mirage: How claim on NNPCL collapses under simple arithmetic

NNPCL slams Dangote Refinery’s legal action, demands case be thrown out

Popoola argued that the NNPCL, as named in the lawsuit, was not a legal entity and thus could not be…
UBA

UBA releases important update that could affect customers: Read it now

In a message sent to customers on Wednesday, UBA stated that in line with a directive from the Central Bank…
FCMB

FCMB partners EStars to bring Esports Education to Nigerian Schools

First City Monument Bank (FCMB) is working with EStars to bring esports education to Nigerian schools. They want to introduce…
Pension Fund Operators Association of Nigeria (PenOp), expresses concerns over proposals from police to exit Contributory Pension Scheme

Police exit from contributory pension huge risk – PenOp

Mr Oguche Agudah, the Chief Executive Officer of PenOp, voiced the concern on Tuesday in Abuja during a public hearing…
UBA

UBA to empower MSME’s with wealth management strategies at ‘Built to Last’ Series

Renowned leaders from diverse industries, including a prominent lawyer, award winning film director, and producer, Bolanle Austen-Peters whose work has…
Tinubu

Tinubu seeks Senate’s swift approval of 2025–2027 MTF/FSP

In a letter addressed to the President of the Senate, Godswill Akpabio, Tinubu said that the MTEF/FSP had been approved…
CBN

CBN exposes rise in fake SWIFT messages linked to Transfer claims

Additionally, the CBN reiterated that it does not provide correspondent banking services for Nigerian banks or maintain accounts for private…
Infrastructure

Tinubu seeks $2.2bn Loan to Bridge massive 2024 Budget deficit

In addition to the loan request, Tinubu submitted the 2025–2027 Medium-Term Expenditure Framework and Fiscal Strategy Paper to the National…
Wale Edun says Nigeria's macroeconomic reforms had begun yielding results, with improved growth momentum and greater stability.

Edun credits Tinubu’s reforms for stopping economic bleeding

This, in turn, he said, would enable greater investment not only in infrastructure but also in essential social services such…
Market Capitalisation

Zenith, UBA, Oando power NGX gains as Market Capitalisation climbs

The positive performance was driven by increased interest in top equities such as Zenith Bank, United Bank for Africa (UBA),…
Naira

Naira hits new low: 2.3% Depreciation against Dollar at Official Market

According to data from the FMDQ Exchange, the Naira lost N38.12 in value compared to the previous trading day. The…
CBN

CBN exposes fraudulent contract claims, warns Nigerians to stay alert

Ali reiterated that the CBN, under its current management, had discontinued direct development interventions and special project funding.
Governor Inuwa Yahaya says is unsure of recovery of 48 children declared missing in a wave of child-stealing activities in Gombe State.

Gombe proposes N320bn budget for 2025

In addition, the council approved N160 million monthly for renewing a contract with Cosmopolitan Cleaners, as revealed by Mohammed Fawu,…

Business Spotlight: Aibangbee Ize Blessing is Driving Business and Social Impact

Aibangbee Ize Blessing, born on the 23rd of May, 1999, in Edo State, Nigeria, represents a new generation of globally-minded…
onions

Lagos residents worry as onion’s price rises by 100%

“Due to the recent price hike of onions, most people now use more seasoning in their food to mask the…
CBN

CBN unveils penalties for banks aiding hawking of Naira notes

CBN would engage in “mystery shopping” exercise and periodic “spot checks” on cash distribution and disbursement activities of banks to…

Orjinta Nnaemeka: Pioneering AI and IT Advancement for a Sustainable Future

By Motilola Adekunle The global world has experienced different phases of development and growth in all ramifications whether socially, politically…
Inflation

Breaking: Nigeria’s Inflation skyrockets to 33.88% in October as food prices surge

The report, released on Friday, revealed that the October Headline inflation rate increased by 1.18 percentage points from the 32.70%…
Weltrade

Fintech company Weltrade organises seminar for investors, traders, others

"The event will also introduce participants to the Weltrade IB Master Levels Program, which provides commission-based earning opportunities for those…
NNPC Ltd. says it has in conjunction with its partners revved up the country's crude oil and gas production to 1.8m mbpd and 7.4 scfd

NNPCL celebrates 1.8mbpd oil production, eyes 2mbpd

The feat was achieved in compliance with the mandate of President Bola Ahmed Tinubu, Olufemi Soneye Chief Corporate Communications Officer,…
NNPC Gas Marketing Limited (NGML), a subsidiary of NNPCL, executes a Gas Sale and Purchase Agreement (GSPA) with Dangote Refinery.

NNPC Ltd to supply 100mmscf/d gas to Dangote Refinery

Under the terms of the agreement, NGML will supply 100 million standard cubic feet per day (MMSCF/D), 50MMSCF/D being firm…
Naira

Naira surges after three-day slump to Dollar, gains N44 at Official Market

Data from the official trading platform, FMDQ Exchange, showed that the Naira gained N44.48, representing a 2.63 per cent improvement…
Infrastructure

Tinubu’s Economic Overhaul sparks $30 billion Foreign Investment Influx

Tinubu attributed the recent influx of foreign direct investment to these initiatives, which he claimed were reshaping Nigeria’s business environment…
University Don launches zero interest loan scheme

University Don launches zero interest loan scheme

The initiative, introduced at Itoku Market in Abeokuta on Monday, is part of the Ferefayo Empowerment Programme founded by Dr.…
DEVBULB Data, Motofa Resources partner to revolutionize agribusiness

DEVBULB Data, Motofa Resources partner to revolutionize agribusiness

This collaboration will provide comprehensive data-driven solutions and media strategy services to investors and businesses operating in the Nigerian market.
Senate

Senate set to triple EFCC budget to fuel anti-corruption drive

"When the EFCC chairman explains the need for software to counter virtual and cryptocurrency fraud valued at around ₦3.4 billion,…
Tinubu

10 questions & answers on Tinubu’s Tax Reform Bills

The bills are seeking to merge taxes and harmonise revenue administration. The system will leverage technology for integration which will…
FG Budget deficit

Budget deficit-to-GDP hits 7.5%

“A review of the fiscal indicators for the first half of 2024 showed that FGN revenues under-performed, achieving only 37.9…
Michael D. Higgins

Africa likely to increase debt service in 2024 – Irish President

He made these comments during the 2024 Kofi Annan Eminent Speakers Lecture in Abidjan, hosted by the African Development Bank…
Naira

Naira slips to N1,678.87, marks 2.4% loss amidst surge in Dollar turnover

By Grace Alegba The Naira weakened further at the official market on Friday, closing the week at N1,678.87 to the…
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