Xiaomi, the Chinese electronics giant, has announced that it is experiencing overwhelming demand for its new SU7 electric car, prompting the company to caution potential buyers...
EXCERPT: On the back of economic reforms by the Tinubu administration, Nigeria’s exchange performed better than all bar Zimbabwe in Africa. At 39.84 percent year-till-date (YtD)...
The Nigerian stock market gained 39.8 per in the first quarter of 2024, becoming the second best-performing stock amid economic headwinds. This is according to March...
Aviation industry stakeholders and other Nigerians were excited on Saturday as over 260 passengers travelled with Nigeria’s major carrier, Air Peace, on its inaugural flight from...
The Central Bank of Nigeria (CBN) and other banking institutions have significantly bolstered the foreign exchange market by injecting an additional $2.5 billion over the past...
The Nigerian federal government plans to adopt trucks and barges to transport crude oil to tackle pipeline vandalism. This was contained in a document by the...
Experts have urged faceless critics not to politicise issues concerning The Nigerian Institute of Oceanography and Marine Research (NIOMR).A maritime expert, Clement Odo, said that following...
A United States-based tech consulting powerhouse, Afri-Tech United, sealed a major deal with the Federal Ministry of Science, Technology and Innovation (FMSTI) to deliver a monumental...
Backs Air Peace flight to London The United Kingdom in December 2023 exported £185 million to Nigeria and imported £154 million, resulting in a negative...
The Permanent Secretary, Federal Ministry of Power, Alhaji Mamudah Mamman, has said that human capital development is critical to having a sustainable and effective power...
The Energy Commission of Nigeria (ECN) has said Nigerian women should be accorded more to mitigate cooking challenges and improve on health and environmental degradation through...
ABCON attributes stability to BDCs The naira appreciated significantly against the dollar throughout March, 2024, gaining over N350 on the back of major foreign exchange...
In this interview with KINGSLEY OKOH, the Chief Executive Officer, Dochase Adx, a marketing technology company, Chibuike Goodnews, speaks on the technology market outlook and how...
The minimum wage debate has been a long-standing economic discourse, with Nigeria often taking to the streets to demand wage increases against the backdrop of rising...
The National Association of Proprietors of Private Schools (NAPPS) has said the imposition of a five per cent annual tax on private schools in the Federal...
The President of the Association of Bureaux de Change Operators of Nigeria, ABCON, Aminu Gwadabe, says the Naira appreciated by N660 against the US dollar since...
The Central Bank of Nigeria (CBN) says the inflow of over $1.5 billion into the economy over the past few days indicates that its monetary policy...
Amid a nationwide energy crisis, Nigeria finds itself grappling with a peculiar irony as gas meant to alleviate power shortages is instead being wasted through flaring,...
TotalEnergies’ 100,000 employees in 120 countries worldwide are proudly celebrating the 100th anniversary of the Company’s creation. TotalEnergies’ 100-year history tells the story of the world...
The World Resources Institute (WRI), has said, oil and gas investment is rising on energy security concerns, adding that, one of the ways to achieving global...
Global technology company, Huawei has launched a series of products and solutions that are specifically designed to assist businesses, organisations and government agencies to achieve their...
The Lagos Commodities and Futures Exchange (LCFE) has urged the federal government to utilise the commodities exchange ecosystem as a strategy to boost food security, create...
In a ground-breaking effort to combat water scarcity and elevate the standard of living for underserved communities, The Alternative Bank has announced the launch of the...
As the Nigerian naira experiences an upturn against the dollar, economists have indicated that the positive effects on the country’s commodity prices might not be immediate....
The Managing Director of Financial Derivatives Company Limited, Bismark Rewane, has predicted that the pump price of diesel would drop significantly in May with the commencement...
Lifi.net, a fast-growing internet service provider in Nigeria, has attained 500 megabits per seconds (mbps) internet speed as of January 2024. Latest data by LIfi.net showed...
The price of cement in the Federal Capital Territory within the last five weeks has decreased between 22 per cent and 26 per cent for a...
The National Association of Polytechnic Students, NAPS has called on the Nigerian federal government to investigate the management and Board of Trustees of the Cement Technology...
The National Bureau of Statistics (NBS) has disclosed that the National Average Cost of a Healthy Diet (CoHD) per adult a day stood at N938 in...
Building on its long-term vision to facilitate financial freedom for all within Nigeria and across Africa, Cashir, a leading fintech company and provider of commercial services...
Nigerians have commended Air Peace for its successful inaugural flight from Lagos to London on Saturday, March 30, 2024, with 260 passengers marking the resumption of...
The Chairman of the Nigeria Governors’ Forum (NGF) and Governor of Kwara State, Mallam AbdulRahman AbdulRazaq, has described the Gateway Agro-Cargo International Airport as a game...
The CBN has disclosed that the economy attracted over $1.5 billion due to the bank’s monetary tightening stance which has continued to be appreciated by foreign...
Less than 24 hours after the Central Bank of Nigeria (CBN) unfolded new policy requiring banks to increase their minimum capital, Access Holdings Plc, on Friday,...
Following the findings of the investigation by the Nigeria Data Protection Commission (NDPC), the National Identity Management Commission (NIMC) has restricted its licensed agents’ access to...
The Nigeria Sovereign Investment Authority (NSIA) has announced its audited results for 2023 financial year, posting comprehensive income of N1.18 trillion for 2023, a growth of...
Access Holdings Plc has unveiled plans to establish a capital raising programme of up to $1.5 billion. The programme aims to raise $1.5 billion through a...
The minister of Works, David Umahi has said, the Lagos-Calabar coastal superhighway will be constructed with concrete technology while it is expected to drive investment opportunities...
The federal government has made commitment to give power generation companies(GenCos) access to foreign exchange as well as offset debt it owed Egbin Power. Apart from...
APM Terminals Apapa has begun the recycling of used lubricants and discarded Personal Protective Equipment (PPE) such as boilersuits and reflective jackets. This recycling is in...
WACOT Limited and Cocoasource, a Swiss commodity trading company have entered into a strategic alliance to supply rainforest Alliance certified cocoa to global bean processing companies...
The Nigerian government plans to commence local manufacturing of vehicles in the next ten years. Minister of Industry, Trade and Investment Doris Uzoka-Anite disclosed this on...
Ahead of the Air Peace inaugural flight from Lagos to London, which takes off Friday night/Saturday morning, the Nigerian High Commission in London has displayed congratulatory...
Nigerians have faulted President Bola Tinubu’s government for releasing N90 billion to subsidise the 2024 pilgrimage to the Kingdom of Saudi Arabia amid economic hardship. On...
The Central Bank of Nigeria, CBN, has removed limits placed on trade and payment services transactions on the Pan African Payment and Settlement System, PAPSS. The...
Fintrak Software, Nigeria’s indigenous software development firm, has announced the recognition of its group managing director, Bimbo Abioye, as one of the ‘Top 50 Most Valuable...
The Central Bank of Nigeria (CBN) has said that it recorded an inflow of over $1.5 billion into the economy over the past few days. The...
It’s no longer news that the Central Bank of Nigeria (CBN), on Thursday evening, unveiled new minimum capital requirements for banks in order to strengthen the...
Across Nigeria, the cost of essential commodities like rice and beans has surged significantly, triggering widespread protests and incidents of looting as citizens grapple with the...
As the world sets to commemorate World Backup Day, Western Digital, a leader in digital storage solutions, has unveiled five common backup mistakes people make and...
BUA Cement Plc has witnessed a dramatic increase in its bank borrowings, with figures soaring by 233 percent in the past year, according to a recent...
The Nigeria Sovereign Investment Authority (NSIA) has announced its audited results for 2023 financial year, posting a recorded 11 consecutive years of positive earnings with a...
Access Holdings Plc has unveiled plans to establish a capital raising programme of up to $1.5 billion. The program aims to raise $1.5 billion through a...
As hope of improvement in electricity supply in the country continues to look like a mirage due to under-capacity generation, the federal government is now considering...
Access Holdings Plc has hit another milestone with its latest financial year, announcing N2.59 trillion gross earnings in its audited financial statements for the year ended December...
Former billionaire and cryptocurrency luminary Sam Bankman-Fried was, on Thursday, sentenced to 25 years in prison by U.S. District Judge Lewis Kaplan for orchestrating one of...
The World Bank Group (WBG) on Thursday, has made good its promise to publish more of its proprietary data, including those on debt defaults as part...
The Nigerian National Petroleum Company Limited (NNPC) on Thursday said that it plans to replace almost all the over 5,000 pipelines network scattered across the country...
The Federal Inland Revenue Service (FIRS) has set a revenue collection target of N5 trillion from Value Added Tax (VAT). The Head, Policy and Legislation Division...
The Federal Airports Authority of Nigeria (FAAN) has closed down a KFC outlet located at the Murtala Muhammed International Airport (MMIA) in Lagos. This move comes...
The Naira has maintained a N1,300 exchange rate mark against the US Dollar at the close of the official foreign exchange market for the Easter Holidays...
The Nigerian Naira has depreciated in value at the official market, with the exchange rate falling to N1,309.39 to a dollar, according to the latest data...
The Nigeria Sovereign Investment Authority, managers of the country’s Sovereign Wealth Fund, has announced a 1,122 per cent increase in its total comprehensive income, which closed...
A recruitment and job search platform, an affiliate of The African Talent Company, Jobberman Nigeria, has emphasised the need for the government to focus on the...
The decision of the federal government to name operators in the real sector among its economic management team has been commended even as analysts say the...
Bank mergers are imminent as the Central Bank of Nigeria, CBN, has raised minimum capital requirements for banks. CBN disclosed this in a circular signed by...
Some Nigerians who benefited from the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank’s targeted credit facility (TCF) have failed to pay N261.07bn out of...
The Central Bank of Nigeria (CBN) has released new minimum capital requirements for commercial, merchant and non-interest banks. In a statement on Thursday by its Acting...
A United States entrepreneur and crypto king, Sam Bankman-Fried, has been sentenced to 25 years in prison over his involvement in defrauding users of the collapsed...
The Coalition of Northern Groups (CNG) has urged businesses to review their exorbitant prices. It also expressed support for any genuine efforts to strengthen and stabilize...
The price of cement decreased between 22 per cent and 26 per cent for a 50kg bag in the Federal Capital Territory within the last five...
Nigeria’s average healthy diet food cost increased to N938 per day in February from N858 in January 2024. On Thursday, the National Bureau of Statistics disclosed...
The Federal Airport Authority in Nigeria, FAAN, has shut down the KFC outlet in Murtala Muhammed International Airport in Lagos over discriminatory treatment meted out to...
Access Holding Plc, on Wednesday reported N729 billion profit before tax (PBT) in its financial results and accounts for the full year ended December 31, 2023,...
The Nigerian National Petroleum Company Limited (NNPC) on Wednesday denied reports that it had reviewed downwards the price of petrol and diesel at the pumps nationwide....
The naira continued to appreciate against the dollar at both the official window as well as the parallel market on Wednesday. On the official Nigerian Autonomous...
Mr Jubril Adeniji, Managing Director of Guaranty Trust Bank Kenya and Head of East Africa, said the reclassification of GTBank Uganda from a Tier 1 Commercial...
Tuesday’s leadership change at Eko Electricity Distribution Company (EKEDC), Marina, Lagos, might have taken many by surprise, but beneath the official reason given by the...
In a momentous development, Unilever Ghana has named Chris Wulf-Caesar as its new CEO, marking a return to the company where his journey in FMCG industry...
Chinese technology giant Xiaomi is poised to make a significant entrance into the electric vehicle (EV) market with the launch of its first electric car, the...
The Federal Inland Revenue Service Chairman, Zacch Adedeji, said the Nigerian government would unveil its proposed N100 billion consumer credit loan in a couple of days....
The Chairman of the Federal Inland Revenue, Zacch Adedeji, has reiterated the agency’s commitment not to introduce additional taxes in the country. Adedeji stated this on...
American man informs Netizens that it is better to have a 9-5 job with a high salary than to be a business owner. He shared this...
The chief executive officer of Leadway Health, Dr. Tokunbo Alli, said trust, transparency and collaboration are critical for superior healthcare delivery in the country. Leadway Health...
inDrive, the global mobility and urban services platform, has announced the upgrade of the safety features of its ride-hailing app, as part of innovative means of...
The Organisation of Petroleum Exporting Countries (OPEC), has projected that the oil industry will need cumulative investments of $11.1 trillion in exploration and production by 2045...
The Central Bank of Nigeria (CBN) recently said all valid foreign exchange backlogs of around $7 billion have now been settled, a move that saw the...
The change in leadership at the Eko Electricity Distribution Company (EKEDC) has taken a new twist following a statement by its legal director that the Nigerian...
The people of Omagwa and Ipo communities in Ikwerre Local Government Area of Rivers State yesterday barricaded the entrance of the Port Harcourt International Airport located...
The management of Caverton Offshore Support Group said it has so far injected about N1bn in in-country boat building to check capital flight in local boat...
Dotmac Technologies managing director, Michael Ayoade, has been recognised as one of Nigeria’s ’50 Most Valuable Personalities in the digital economy’. The prestigious recognition highlighted Ayoade’s...
The naira’s appreciation against the US dollar continued on Wednesday, exchanging N1,300.43 per dollar at the official foreign exchange market on Wednesday. FMDQ data showed that...
The Nigerian National Petroleum Company Limited (NNPCL) has debunked speculations making the rounds on social media of a downward adjustment in the pump prices of Premium...
The Nigeria National Petroleum Corporation, NNPC has debunked reports that it reduced the price of Premium Motor Spirit and Automotive Gas Oil. Olufemi Soneye, NNPC’s Chief...
The Board of Directors of Eko Electricity Distribution Plc (EKEDC), on Tuesday, announced the appointment of Mrs. Rekhiat Momoh as the new Managing Director and Chief...
On Wednesday, the Chief Executive Officer of the CFG Advisory, Tilewa Adebajo joined ARISE News for an interview to discuss the decision of the Central Bank...
The Association of Bureau de Change Operators in Nigeria, ABCON, has forecasted when the Naira will appreciate to N1,000 per US dollar. The President of ABCON,...
The dollar is not selling at N1,000/$1, Bureau De Change, BDC, operators have told DAILY POST. On Wednesday, a post on X (formerly Twitter) went viral...
Bureau De Change operators have debunked the report making rounds on X (formerly Twitter), that the dollar is now selling at N1,000 at parallel market. Naija...