The Federal Government has mandated system operators in the Nigerian power industry to supply not more than 6% of total available grid generation per hour to...
The African Development Bank (AfDB) is targeting 200,000 jobs from the special agro processing zone (SAPZ) project in Anambra State. Dr. Chuma Ezedinma, Agricultural Economist with...
The Nigerian government recently launched the Outsource to Nigeria Initiative (OTNI) to tap into the global outsourcing market, which generated nearly $350 billion in revenue in...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
The Federal High Court, Abuja, has adjourned a suit alleging that the Ethiopian government lacks budgetary allocation to cater for the feeding and welfare of detained...
“Anybody still in the bread-making business is doing so because he cannot find any other thing to do and wants to save capital. There is no...
Nigeria’s credit to the private sector has seen a sharp decline of approximately N9.65 trillion from February to March 2024. This decline underlines the Central Bank...
As part of Transnational Corporation Plc’s proposed share reconstruction, the total number of issued ordinary shares of the company will be reduced by consolidating the issued...
Linkedin, a business and employment-focused social media platform. The platform has made three key predictions for the future of recruiting based on Gen AI’s promise to...
Zenith Bank Plc, one of Nigeria’s leading banks, released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N320.194 billion. This represents a...
Nollywood veteran, Shan George, has cried out in a desperate plea for help following an alleged bank fraud which saw the disappearance of N3.6 million from...
During the 63rd Annual General Meeting (AGM), Temi Popoola, NGX Group GMD/CEO, outlined strategies to drive listings, tackle delistings and other market challenges, emphasizing the importance...
The second edition of the Innovate Pitch and Grant concluded triumphantly, with two Nigerian entrepreneurs clinching the top spots. OneGrid Energies which is a Start-up that...
The Federal Government has introduced key initiatives aimed at expediting the eradication of malaria in Nigeria. The Coordinating Minister of Health and Social Welfare, Prof....
The global concrete and cement market size is estimated to grow by $469.01 billion from 2023 to 2027, according to Technavio market research report. This growth is expected to occur...
A growing number of Nigerian residents are raising concerns following clampdown on crypto assets via the financial industry Following the classification of cryptocurrency trading as a...
The crypto market turned green as Bitcoin rebounded strongly on Saturday morning sparking hopes that the worst of the meltdown might be over BTC surged almost...
Nigeria’s current food inflation rate stood alarmingly high at 40.1% in March 2024, as revealed by recent data by the National Bureau of Statistics (NBS). However,...
Nigeria’s current food inflation rate stood alarmingly high at 40.1% in March 2024, as revealed by recent data by the National Bureau of Statistics (NBS). However,...
The global credit ratings agency, Fitch, has estimated that approximately 30% of Nigeria’s external reserves are constituted by foreign exchange (FX) bank swaps. This disclosure underscores ongoing...
The Federal Government has pledged to expedite the passage of a legislative bill to boost the local automotive industry. This assurance was given by the President’s...
Enhancing healthcare systems significantly boosts both life quality and expectancy. By facilitating timely detection and treatment of health issues, access to healthcare services safeguards individuals while...
Medical professionals from Nigeria who are planning to relocate to the United Kingdom to pursue their career have to consider some factors before making the big...
Medical professionals from Nigeria who are planning to relocate to the United Kingdom to pursue their career have to consider some factors before making the big...
UBA has released its unaudited financial statements for Q1 2024, with the group posting a pre-tax profit of N156.3 billion, marking a 155% year-on-year increase from...
Global credit ratings agency, Fitch, has revised Nigeria’s long-term credit default rating upward from stable to positive on the back of reforms in the foreign exchange market,...
FBN Holdings Plc, one of the old generation banks listed on the Nigerian Exchange Group Plc (NGX), reported a significant gain of approximately N238.703 billion by...
The Nigerian Electricity Regulatory Commission (NERC), acting under the provisions of the Nigeria Electricity Act, has ordered the establishment of an Independent System Operator (ISO) to...
The Nigeria Atomic Energy Commission (NAEC) has said it is working in collaboration with the Centre for Energy Research and Training (CERT), Ahmadu Bello University (ABU),...
Bank fraud continues to be a critical issue in Nigeria, impacting many through various techniques that lead to significant financial losses. The Nigeria Inter-Bank Settlement System...
Banks and other financial institutions across Nigeria have reinstated processing fees on large cash deposits following the expiration of the Central Bank of Nigeria’s (CBN) temporary...
President Bola Tinubu is set to inaugurate three vital gas infrastructure projects carried out by the Nigerian National Petroleum Company Limited (NNPCL) and its partners. This...
The federal government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has proposed to expedite the exit of major oil companies like Shell and Exxon Mobil...
The Blockchain Industry Coordinating Committee of Nigeria (BICCON) is putting together a roundtable with International and local crypto exchanges and the new director general of the...
One of Nigeria’s leading fintech companies, OPay, has warned its customers against trading in cryptocurrency or any virtual currency on its app. The company, in a...
The Nigerian Naira weakened further to N1,410/$ in the unofficial market on Friday afternoon as traders saw an aggravated demand for the dollar by parents and...
The Oyo State Government and Shell Nigeria Gas (SNG) have signed an agreement worth over $100 million to develop a gas supply and distribution infrastructure that...
The Federal Government has announced the addition of 625MW of power into the national grid, elevating its wheeling capacity to 4800MW through the inauguration of two...
MTN Nigeria has said that it utilized the improved liquidity in the FX market to reduce the balance of outstanding letters of credit (LC) obligations to...
MTN Nigeria has said that it utilized the improved liquidity in the FX market to reduce the balance of outstanding letters of credit (LC) obligations to...
Nigerians have increased their hoarding of cash, with as much as 94% of the currency in circulation held outside banks by March 2024. An analysis of...
The Federal Government has banned the utilisation of foreign-made syringes and needles in tertiary hospitals in Nigeria in a bid to bolster domestic production and safeguard...
A recent United Nations Educational, Scientific and Cultural Organization (UNESCO) report has highlighted the negative impact of social media and digital technology on the well-being, learning,...
Gold and Royal artefacts that were looted during the British colonial rule were displayed in Ghana for the first time after the UK government historically returned...
The Lagos State Government has announced the completion of 172 road projects across the state since Governor Babajide Sanwo-Olu took office in May 2019. Engr. Olufemi...
A recent report by the World Bank has shown that extreme weather events are devastating health globally and climate’s negative effects could drive 44 million people...
Ride-hailing platform, Uber, has said its drivers in Nigeria will now be able to access their earnings daily as opposed to the weekly access being granted...
Stakeholders in the tech ecosystem have said that role of local investor confidence is the path to woo foreign capital investment into Nigeria as the nation...
Joshua Dean, a Boeing whistleblower who raised concerns about manufacturing defects in the plane maker’s 737 Max aircraft, has sadly died after a brief illness, becoming...
Russian Troops have arrived Niger Republic to replace US Military following the decision by Niger’s leadership to expel over 1000 US forces from their country. The...
Bitcoin and Ethereum have resurged in price following a rough week caused by speculation over an important Federal Reserve meeting and its outcome as regards interest...
The exchange rate for customs duty collection has increased to N1,441.53 to the USD in the past two days from N1,373.64/$ at the beginning of the...
The Nigerian Upstream Petroleum Regulatory (NUPRC) has asked the Federal High Court, Abuja to dismiss the suit filed by an oil and gas firm named NJ...
The naira traded at its lowest in the official market despite the U.S. dollar index falling to a three-week low ahead of U.S. jobs data. In...
The naira traded at its lowest in the official market despite the U.S. dollar index falling to a three-week low ahead of U.S. jobs data. In...
Africa’s Global Bank, United Bank for Africa (UBA), held the second edition of its expanded Graduate Management Acceleration Programme (GMAP) class of 2024, where 398 young...
Nigeria and India will soon finalise a system of settling international trade between both countries in local currency following the second annual Joint Trade Committee (JTI)...
The Nigerian Exchange Group Plc has appointed Messrs. Chinelo Emeh as its Acting Group Chief Financial Officer of the company. According to the company’s notice to...
Wema Bank Plc, one of the nation’s oldest commercial banks, will seek shareholders’ approval to raise N200 billion in capital at the group’s annual general meeting (AGM)...
Landmark Beach management said it has started refunding affected customers via its mobile application after some parts of its properties were demolished by the Federal Government....
Social media platform X owner, Elon Musk, has advised users of the platform to unblock all accounts they have blocked in the past. While the billionaire...
Nigerian banks have proven to be highly profitable. Last year alone, the publicly listed Nigerian banks are projected to surpass N3.5 trillion in profits for 2023,...
The NGX kicked off the month of May on a bullish note with the All-Share Index appreciating by 0.55%, gaining 537.15 points to close at 98,762.78...
In the opening trading session of May at the NAFEM window, the Naira experienced a slight decline, settling at N1,402.67 to the dollar, which is a...
The Federal Capital Territory Administration (FCTA) has advised the area council chairmen to utilize the N6.32 billion statutory allocation for March solely for people-oriented projects in...
The conventional command-control model of performance management is losing traction due to a growing emphasis on teamwork, shared leadership, and the ongoing struggle to attract and...
The conventional command-control model of performance management is losing traction due to a growing emphasis on teamwork, shared leadership, and the ongoing struggle to attract and...
Every year African nations lose a large chunk of their high-net-worth individuals to the warm embrace of emigration, a new report has shown. This is according...
The Federal Ministry of Education has announced a Romanian scholarship program for undergraduates and postgraduates in Nigeria. The scholarship is for those pursuing bachelors, masters and...
The Lagos State Government has generated N300 million in revenue from Land Use Charge in the first four months of 2024. This marks an important contribution...
The Nigeria Police Force (NPF) has announced the sustained deployment of helicopters to provide aerial support for trains travelling the Abuja-Kaduna route. This measure is part...
BUA Cement Plc has released its financial results for Q1 2024, marking yet another period of profit decline with a pre-tax profit down 39.97% to N21.286...
As the cost of living continues to rise, access to affordable and nutritious food remains a critical concern for many households across Nigeria. The Cost of...
In partnership with TGIF️ ☀️ As we move into the weekend, please move TC Daily from your Promotions folder to your Main folder so you don’t...
Lafarge Africa Plc, a leading innovative and sustainable building solutions company, is pleased to announce the successful conclusion of its 65th Annual General Meeting (AGM). The...
A federal jury in New Haven, Connecticut, has convicted a Nigerian national, Okechuckwu Valentine Osuji, for operating a business email compromise scheme out of multiple countries,...
Seplat Energy Plc said it has released the applicable exchange rate used in determining its final and special dividend payout to qualified shareholders who wish to...
The Directorate of Road Traffic Services (DRTS), under the Federal Capital Territory Administration (FCTA), says that crushing impounded commercial motorcycles remains the most effective measure for...
The Vice President of Nigeria, Kashim Shettima, has said that President Bola Tinubu had to make the difficult decision to remove petrol subsidy because he inherited...
The Nigeria Customs Service (NCS), on Thursday in Abuja, launched its Advance Ruling System to improve trade facilitation. Additionally, the NCS held a stakeholder engagement event...
The Federal Ministry of Industry, Trade and Investment has announced that the N50,000 grant program for nano businesses covering one million applicants across the country is...
Shareholders of FCMB Group Plc will receive a total dividend of N9.901 billion for the financial year ending December 2023, representing a reward of 50 kobo...
The Abuja Chamber of Commerce and Industry (ACCI) has stated that the ongoing fuel shortages are obstructing business operations in the country. ACCI President, Emeka Obegolu,...
The Federal Ministry of Industry, Trade and Investment has extended the deadline for companies interested in managing the $10 billion Diaspora Fund to apply. The deadline...
The Lagos State Government has initiated the clearance of an illegal settlement found beneath the Osborne Bridge in Ikoyi. Lagos State Commissioner of Environment and Water...
Logistics startup, Renda, has secured $1.9 million in pre-seed equity and debt funding. According to a statement by the company, the equity investment of $1.3 million...
The Minister of Aviation and Aerospace Development, Festus Keyamo, has affirmed Nigeria’s commitment to the A41-21 resolution aiming for net zero carbon emissions in the aviation...
On April 30th, industry leaders, innovators, and entrepreneurs gathered at the prestigious Lagos Oriental for a pivotal event hosted by Oradian, the leading provider of core...
Nigeria’s dynamic economic landscape presents unique challenges for businesses. Fluctuating foreign exchange rates can squeeze profits, while unforeseen events like fires, thefts, or legal disputes can...
Kaduna State Internal Revenue Service (KADIRS) took decisive action on Thursday, sealing six telecommunication masts across the state’s metropolis due to outstanding taxes amounting to N5.8...
The Yobe State Government has responded to the recent surge in cases of Cerebrospinal Meningitis, serogroup ‘C’, by setting up a temporary Emergency Operations Centre in...
British Authorities have commenced the detaining of illegal migrants in preparation to deporting them to Rwanda according to Prime Minister Rishi Sunak’s new immigration policy. According...
Canada’s Startup Visa Program (SUV) has implemented a cap on the annual processing of permanent residence (PR) applications, limiting it to a maximum of 10 startups...
The Minister of Resources (Gas), Ekperikpe Ekpo, has said that the Federal Government will cease to issue licenses to gas companies that lack the capability to...
President Bola Tinubu announced the launching of the first phase of the Consumer Credit Scheme on April 21, a programme designed to offer credit facilities to...
The Nigerian Exchange Limited (NGX) has fined three quoted companies the sum of N49.500 million for their failure to file audited financial statements after the regulatory...
MTN Nigeria says it has fully barred a total of 8.6 million lines from the network in line with the directive of the Nigerian Communications Commission...