The High Commission of Canada in Nigeria has announced its annual call for proposals for the Canada Fund for Local Initiatives (CFLI) to support small-scale, high-impact...
The National Council on Privatisation (NCP) on Wednesday, announced it is considering merging the Bank of Agriculture with the Central Bank of Nigeria’s NIRSAL Microfinance Ltd....
Telecommunication operators in Nigeria have said that their services are overdue for price increments as they have not implemented any upward price adjustment in the last...
Despite a decline in Tesla’s revenue, Elon Musk, the former world’s richest man, saw his net worth increase by $9.8 billion in just one day, bringing...
Some of Nigeria’s leading companies incurred a combined forex loss of N1.8 trillion in the financial year 2023. This is according to information contained in the...
Dana Air has announced that it is processing refunds for flights affected by its recent temporary suspension. The Nigeria Civil Aviation Authority (NCAA) imposed the suspension...
The Federal Government has revoked 924 inactive mining licenses, alleging that miners have facilitated a black market for acquiring mining titles. The revoked licenses comprise 528...
Capital market operators have said that implementation of the Nigerian capital market master plan must be paramount for the new Director General of the Securities and...
Fidelity Bank has shown resilience in its financial performance but now faces a critical test: navigating the challenging terrain of the new Central Bank of Nigeria...
Digital money lenders, popularly known as loan app companies, are playing significant roles in extending credit facilities to the informal sector. While there are now hundreds...
In partnership with Happy pre-Friday ☀️ In Q1 2024, investment in African startups took a nosedive, plunging by approximately 45.6% compared to Q1 2023. On the...
Since the start of April 2024, the Nigerian stock market has been on a bearish run, with the All-Share Index (ASI) declining by 6.16% and the...
The World Health Organisation (WHO) has revealed plans to kickstart vaccination against Human Papilloma Virus (HPV) in Kogi State, beginning on May 27. Dr Muktar Toyosi,...
Subscriptions for 5G connectivity maintained a steady increase, reaching 1.24% of the country’s total connections as of March this year. This is according to the latest...
The National Association of Academic Technologists (NAAT) has proposed a minimum wage of N350,000 for workers in Nigeria. Mr. Ibeji Nwokoma, President of NAAT, announced this...
The daughter of a former President, Customary Court of Appeal, Abuja, Justice Moses Bello(late), Ann Eniyamire has asked the Federal Capital Territory High Court in Bwari,...
Ann Eniyamire, the daughter of the late Justice Moses Bello, former President of the Customary Court of Appeal in Abuja, has petitioned the Federal Capital Territory...
TikTok faces an uncertain fate in the U.S. once again. A bill including a deadline for TikTok parent company Bytedance to divest within nine months or...
The Central Bank of Nigeria (CBN) conducted a successful treasury bills (T-Bills) auction on April 24, 2024, where about N362.45 billion was raised across various maturities....
The Central Bank of Nigeria (CBN) conducted a successful treasury bills (T-Bills) auction on April 24, 2024, where about N362.45 billion was raised across various maturities....
The National Board for Technology Incubation (NBTI) has generated over 22,000 direct employment opportunities through its community incubation centers nationwide since its inception in 2005. This...
The Nigerian Stock Exchange (NGX) closed on a bearish note as selloffs overtook buying activities. The All-Share Index dipped by 1,190.24 points to settle at 98,121.30,...
Multichoice Nigeria, a prominent Pay-TV operator, has once again announced a price increase for its DStv and GOtv packages, this time by at least 25%. This...
Ogun State Chambers of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has described the Dangote Group as the driving force of the Gateway International Trade Fair. This...
The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, and the former Executive Secretary of the Nigerian Content Development Monitoring Board (NCDMB), Simbi Wabote, have...
Veritasi Homes PLC, a leading real estate development company in Nigeria, recently announced the Veritasi Homes PLC Investment Expo 2024. The expo is scheduled for Saturday,...
The Registrar, Joint Admission and Matriculation Board (JAMB), Prof Ishaq Oloyede, has indicated that no fewer than 1.94 million candidates are expected to sit for the...
The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, on Tuesday inaugurated the National Executive Safety Committee (NESC) to enhance safety in Nigeria’s aviation sector....
The Economic and Financial Crimes Commission (EFCC) says it has frozen over 300 accounts on suspicion of being linked to illicit forex trading which would have...
The Board Stanbic IBTC Plc will seek shareholders’ approval to establish a Debt Issuance Programme of up to ₦400 billion to issue diverse debt securities through...
The co-founder of Filmhouse Group and former Managing Director of FilmOne, Moses Babatope, is set to launch a new media and entertainment company. News of the...
The co-founder of Filmhouse Group and former Managing Director of FilmOne, Moses Babatope, is set to launch a new media and entertainment company. News of the...
The United States Department of Justice (DOJ) has recommended that the founder and former chief executive of Binance, Changpeng “CZ” Zhao, should spend three years in...
A devastating auto crash along the Umuahia-Ikot Ekpene Road in Akwa Ibom State has left four friends dead on Sunday night, April 22, 2024. Among the...
Veritasi Homes PLC, a leading real estate development company in Nigeria, today announced the launch of Assetize, a new venture designed to revolutionise real estate investment...
Kenya emerged as the third most preferred African country for immigrants seeking high-paying jobs as indicated by a report that highlights what draws foreign investors to...
Google has shifted its plan to phase out third-party cookies in the Chrome browser to 2025, citing the need to give regulators some time. The company...
The World Health Organization (WHO) has issued a warning, indicating that non-communicable diseases (NCDs) are poised to become the leading cause of mortality in Africa by...
Soap maker, PZ Cussons has announced it will review its business operations in Nigeria geared towards reducing risk and maximising shareholder value. This was disclosed in...
The U.S. skilled labor market is experiencing a gap in the availability of construction workers, plumbers, welders, and skilled trades. According to research from McKinsey &...
Old Mutual bought out Oceanic Life from Ecobank in 2013, which marked their entry into Nigeria. They entered the Nigerian market to build Nigeria’s most valuable...
The Philippines Security and Exchange Commission (SEC) has ordered Apple and Google to remove Binance app from their respective App stores for users in the Philippines....
The Federal Government has approved N25 billion funding for 8,800 health facilities nationwide in a bid to combat maternal mortality and improve newborn survival rates. Coordinating...
The Chief Executive Officer of Sparkle, a digital bank, Mr. Uzoma Dozie, has said that African traditional banks are doing far better than fintechs in terms...
The Economic and Financial Crimes Commission (EFCC) says it will prosecute a former Minister of Aviation, Hadi Sirika, over alleged money laundering, contract fraud in the ministry...
Tesla Inc. is set to enact significant job cuts, affecting more than 6,000 employees across its operations in Texas and California, aligning with CEO Elon Musk’s...
The Federal Government of Nigeria has introduced a new initiative for the 2024 MSME Week celebrations to acknowledge and incentivize innovative and resilient entrepreneurs who have...
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has said that the anti-graft agency recovered over N120 billion since his assumed office...
The Nigerian Electricity Regulatory Commission (NERC) has transferred regulatory oversight of the electricity market in Ondo state to the state’s electricity regulatory bureau. This was disclosed...
After releasing the FY 2022 financial statements, Oando Plc has issued a press statement to address its net loss of N81.2 billion incurred in 2022, citing...
Today, in a move to further revitalise the oil and gas industry’s contribution to the Nigerian Economy, Wale Edun, OFR, Minister of Finance and Coordinating Minister...
Spot foreign exchange (FX) market turnover in March 2024 stood at $12.61 billion (N19.29 trillion), representing a month-on-month (MoM) increase of 47.66% ($4.07 billion) from what...
In partnership with Good morning ☀️ If you’re interested in business, politics, culture, and technology, Big Cabal Media has something new for you. Subscribe now to...
Amid the rising food inflation in Nigeria, rice prices are dropping in major markets, falling by 20-30 percent within two months. This is a relief for...
Nigeria’s official exchange rate fell to a month to date low of N1,300/$1 on Tuesday April 23, 2024 according to data from the FMDQ, where the...
Nigeria incurred a debt service of $3.5 billion for its external loans in the fiscal year ended 2023 according to data from the Central Bank of...
French authorities announced on Tuesday that five individuals, including a child, tragically lost their lives while attempting to cross the English Channel from France to the...
The Federal High Court, Abuja, on Tuesday, fixed May 17, 2024, to rule on the bail application of a detained Binance executive, Tigran Gambaryan, amid the...
The Board of MRS Oil Nigeria Plc will, at the company’s Extraordinary General Meeting (EGM), request shareholders’ endorsement to voluntarily delist from the Nigerian Exchange Limited...
A new report by Save the Children has projected that one in every six children which is 15 million in Nigeria will go hungry during the...
Leadway Pensure, one of Nigeria’s leading pension fund administrators, has concluded the 2023 financial year, recording a 25% annual fund growth, exceeding its financial targets set...
The Abdul Samad Rabiu Africa Initiative (ASR Africa), the philanthropic initiative of the Chairman of BUA Group, Abdul Samad Rabiu (CFR, CON), has kicked off the...
The Chief Executive Officer, Nigeria Economic Summit Group (NESG), Tayo Aduloju has revealed that the Lagos Free Zone – the first private Special Economic Zone (SEZ)...
A Dana Air aircraft flying from Abuja to Lagos, departing at about 8:25 am on Tuesday, skidded off the runway at Murtala Muhammed Airport in Lagos. ...
Microsoft Corp. and the Coca-Cola Company have announced a five-year strategic partnership to align Coca-Cola’s core technology strategy systemwide, enable the adoption of leading-edge technology, and...
The NGX concluded its trading day in the red, with a dominant selling trend that surpassed buying interest. The All-Share Index fell by 353.51 points, ending...
The Federal Government has commenced the unbundling process for the 11 electricity distribution companies (DisCos) along state lines for better efficiency. This was made known by...
Following a trending video of a student, Namtira Bwala, getting bullied by Maryam Hassan, Lead British School has been shut down for three days. Owing to...
Eko Electricity Distribution Company (EKEDC), has said it recorded the lowest Aggregated Technical, Commercial, and Collection losses (ATC&C) in the history of the company. The “Technical”...
CapitalSage Technology Limited, an integrated digital financial services group and owner of CBN-licensed Kolomoni Microfinance Bank and ERCAS, announced another successful repayment of its fourth commercial...
The Dangote refinery has announced a further reduction in the price of diesel from the N1000/litre reported earlier to N940/litre for customers buying 5million litres and...
Johnvents Industries Limited, a leading indigenous agribusiness and cocoa processing company in Africa, has completed the Rainforest Alliance factory certification and FSSC 22000 Version 6 food...
Premium Cocoa Products Ile-oluji, a 30,000 metric tonnes per annum cocoa processing factory, has announced a major step towards becoming a full gas-powered operation emphasizing Environmental,...
Spanish businessman, Amancio Ortega, the fashion billionaire and proprietor of Inditex, the wealthiest clothing retailer globally, has witnessed a surge in his net worth by $4...
The National Agency for Food and Drug Administration and Control (NAFDAC) has sealed 50 retail outlets in Kaduna for purportedly selling edible oil in unhygienic conditions, risking...
The Economic and Financial Crimes Commission (EFCC), on Tuesday, urged the Federal High Court Abuja and parties to help determine the whereabouts of the former Governor...
Oando Plc has released its FY 2022 financial statements, posting a loss after tax of N81.2 billon during the year. This marks a significant decline from...
Oando Plc has released its FY 2022 financial statements, posting a loss after tax of N81.2 billon during the year compared to a profit after tax...
A Senegalese national, Ndiame Diop, is set to replace Shubham Chaudhuri, a U.S. national, who grew up in India, as World Bank Country Director for Nigeria....
Point-of-Sale (POS) transaction values witnessed a downturn in Nigeria for the first quarter of 2024, registering a N225.73 billion drop when compared to the corresponding quarter...
Dangote Petroleum Refinery has again announced a further reduction in the prices of both diesel and aviation fuel to N940, and N980 per litre respectively. This...
The Federal Government of Nigeria has officially appealed to the World Bank for a deadline extension of the $100 million Nigeria for Women Project (NFWP). The...
United Parcel Service (UPS) Inc. surpassed analysts’ projections with its reported profits, attributing the success to effective management of the workforce and the optimization of delivery...
Kenya’s importation of second-hand clothing from China jumped to 86.2% in the first quarter of the year. Second-hand clothing imports mostly from China is Kenya’s largest...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in the Awoba Unit Field, Newcross Exploration and Production Ltd., have resumed production...
The World Bank has halted funding for a tourism project in Tanzania following allegations of severe harm inflicted on tens of thousands of villagers, as reported...
The National Action on Sugar Reduction (NASR) Coalition has intensified its call for transparent nutritional labeling on infant formulas, citing concerns over escalating sugar content in...
The Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMPDRA) has fixed the price of Compressed Natural Gas (CNG) at $1.57MMBtu. This figure is lower than the...
A force which the global financial markets was not prepared for in 2024 is already affecting them: The dollar is strong again and seems to be...
John Legend has criticized former United States President Donald Trump, calling him racist towards black people. The singer recently joined MSNBC to discuss the current state...
Microsoft has announced a smaller AI model called Phi-3 to lower the cost for users, who could not afford its Large Language Models (LLM). Announcing the...
Shareholders of Guaranty Trust Holding Company (GTCO) Plc will receive a total dividend of N94.180 billion for the financial year ending December 2023, representing a reward...
A report by the International Labour Organization (ILO) has indicated an that over 70% of the global workforce are predicted to face climate-related health risks, as...
The Transmission Company of Nigeria (TCN) has referenced a statement by Adebayo Adelabu, Minister of Power, that Right-of-Way (RoW) problems are hindering the progress and completion...
The Board of the Joint Admissions and Matriculation Board (JAMB)has announced that it will reimburse the fees paid for forms by visually-impaired candidates of the Unified...
The China General Chamber of Commerce (CGCC) in Nigeria has stated that no Nigerian has faced discrimination or been denied entry into the Chinese supermarket located...
The Corporate Affairs Commission (CAC) said it has revoked the certificates of incorporation of two subsidiary companies of the Nigeria Postal Service (NIPOST). The two companies...
The Lagos Metropolitan Area Transport Authority (LAMATA) has begun implementing the resettlement action plan for the proposed Mile 2 interchange project, intending to compensate over 600...
Lagos motorists have shared their experiences on the recently re-opened and rehabilitated Third Mainland Bridge. The Third Mainland Bridge was fully reopened for public use on...