Resident doctors at the Delta State University Teaching Hospital (DELSUTH) have initiated a one-week warning strike in a bid to draw attention to what they’ve described...
Nigeria needs to take actions to maximize gains from the gas sector, such as aligning the energy mix with the country’s competitive advantage, withdrawing subsidies, and...
The Oyo State Government has set aside N691.3 million to invest in any future rights issuances by Wema Bank Plc. The announcement was made in a...
The Federal Ministry of Industry, Trade and Investment (FMITI) recently launched a $10 billion Nigeria Diaspora Fund, urging eligible firms to indicate interest in providing services...
As part of the resolutions at its Annual General Meeting (AGM), the board of Nigerian Breweries Plc has received shareholders’ approval for a N600 billion rights...
Delta Air Lines, one of the leading carriers in the United States, is preparing to relaunch its daily service from John Fitzgerald Kennedy (JFK) Airport in...
Foreign portfolio inflows into Nigeria’s Stock Market (NGX) reached N93.37 billion in the first quarter of 2024, marking a 415% increase compared to the same period...
President Bola Tinubu of the Federal Republic of Nigeria has authorized the appointment of two Chief Executive Officers for two agencies. According to a statement released...
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your...
Telecommunication operator, Airtel Nigeria increased its share of the market to 29% to maintain its position as the second-largest network operator in the country. The telco...
CWG PLC (formerly known as Computer Warehouse Group), a leading provider of integrated IT solutions in the Middle East and Africa, is pleased to announce its...
President Bola Tinubu has announced the appointment of Mr. Jim Ovia, CFR, a banker and entrepreneur, as the Chairman of the Board of the Nigerian Education...
MRS Oil Nigeria Plc has reported a pre-tax profit of N3.076 billion for the Q1 ended March 31, 2024, representing 58.34% year-on-year (YoY) increase. According to...
Following a brief uptick on April 25, 2024, the NGX resumed its downward trajectory on Friday, April 26, concluding the week with minimal movement. The...
The Minister of Works, David Umahi, has issued an ultimatum to contractors handling the Lokoja-Benin and Obajana Junction-Benin Road projects in Kogi and Edo States to...
The Acting Senior Trade Commissioner, Deputy High Commission of Canada, Dindembolo-Zaya Kuyena, has said that Nigeria is the largest African foreign investor in Canada. He revealed...
The Nigerian naira continued its downward trend against the US dollar at the official exchange window, closing at N1,309.88 on Thursday, March 25th. This represents N1.36...
A Swiss multinational, Glencore Plc has indicated interest in investing in Nigeria’s solid mineral sector with a specific focus on nickel, cobalt and zinc. This was...
A relatively unknown Dubai-based company is currently eyeing a $12.9 billion oil-for-cash deal with South Sudan. The company seeks to lend the country $12.9 billion in...
The National Agency for Food, Drug Administration and Control (NAFDAC) has sealed several unregistered bakeries and water-packaging companies operating without the agency’s approval in Plateau State....
Jeff Lawson, the co-founder and recently departed CEO of enterprise infrastructure software company Twilio, is the proud new owner of satirical online newspaper The Onion. “Alright,...
The President of the Trade Union Congress of Nigeria (TUC), Mr. Festus Osifo, announced that the anticipated new minimum wage is unlikely to be declared on...
The Manager of Calabar Ports, Olumati Festus, has disclosed that the port has not received a single container vessel in the past 25 years. This startling...
As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also...
The Federal Controller of Works for Lagos State, Olukorede Kesha, has announced that demolition of properties within the first 3km of the Lagos-Calabar coastal highway within...
The Deputy Registrar of the Medical and Dental Council of Nigeria (MDCN), Dr Victor Kolawole, revealed that only 58,000 out of the 130,000 registered doctors in...
The Minister of State for Labour and Employment, Mrs Nkeiruka Onyejeocha, has said that the federal government plans to create 2.5 million jobs through the Labour...
Hong Kong’s securities regulatory body, SFC, has approved the launch of Bitcoin and Ethereum Exchange-traded funds offering investors a secure and regulated investment option starting from...
ByteDance, the Chinese parent company of TikTok, refuted claims on Thursday that it is considering selling the popular social media platform, dismissing media speculation in the...
The United Kingdom has pledged to sponsor 50 green investment projects in Kenya worth £6.6 million to battle climate change. A total of 10 counties in...
The Chief Executive Officer of PZ Cussons, Jonathan Myers has stated that the company would continue its asset disposal program following access to dollars in Nigeria....
Inflation in key African countries is expected to slow down into next year but remain high in Nigeria due to acute flooding and a difficult terrain...
First Bank of Nigeria Limited, West Africa’s premier financial institution and leading financial inclusion services provider, announced its recognition as the Best Private Bank in Nigeria...
The 4th mobile network operator in Nigeria, 9mobile, lost more customers to the bigger operators in the first quarter of this year as 6, 443 subscribers...
British American Tobacco (BAT) is entangled in major legal proceedings across Nigeria, with five states demanding a total of N10.6 trillion (£9.3 billion) for healthcare costs...
Emzor Pharmaceuticals has unveiled plans to establish an Active Pharmaceutical Ingredients (API) facility in Shagamu, Ogun State, with a substantial investment totaling $23 million in an...
Lotus Capital, the pioneer of non-interest finance in Nigeria, is thrilled to announce the launch of Lotus Tribe, the revolutionary digital platform designed for the younger...
Guinness Nigeria Plc, a foremost total beverage alcohol company in Nigeria and a subsidiary of Diageo Plc., released its unaudited financial results for the nine months,...
Stanbic IBTC Holdings Plc has released its unaudited financial statement for Q1 2024, posting a pre-tax profit of N62.7 billion, representing a 73% year-on-year growth of...
The United Kingdom has committed one billion pounds to the global fund in a move to combat the scourge of malaria and other diseases in Nigeria....
TotalEnergies SE announced a first-quarter profit decline that was less than anticipated, thanks to a resilient oil market that mitigated the impact of reduced gas prices....
Chinese energy giant PetroChina has been waiting to offload a shipment of U.S. crude oil at Dangote refinery for almost a month due to issues with...
Nigeria’s Fastest Growing Commercial Bank, PremiumTrust Bank, has reinstated its unwavering commitment to the growth and development of athletes and sports in Nigeria after a successful...
The Nigerian Consumer Credit Corporation (CREDICORP) is set to commence operations, and the presidency is asking eligible Nigerians to apply for consumer loans before May 15th....
The naira recorded significant depreciation against the haven currency in a matter of few weeks despite the recent decline in the US dollar index, influenced by...
Mark Zuckerberg’s financial standing took a significant hit as Meta Platforms Inc. shares nosedived, causing his net worth to plummet by a staggering $20 billion. This...
The Pharmacy Council of Nigeria (PCN) enforcement team has shut down 751 medicine stores in Gombe State in a move to uphold standards and safeguard public...
The governments of Nigeria and Japan signed a Memorandum of Understanding (MoU) on Thursday in a bid to revolutionise Nigeria’s agriculture sector and enhance healthcare capabilities....
Google’s parent company, Alphabet LLC, will pay its first ever dividend, even as the group’s earnings for Q1 2024 exceeds estimates. The group reported a revenue...
The Lagos State Government has announced plans to introduce 25 new ferries to the state’s inland waterways in a few days, aiming to enhance water transportation...
Financial analysts have warned that the recently increased electricity tariff may drive up inflation in the country and inflict more misery on the poor. Nigeria’s inflation...
One of Nigerian fintechs licensed as a mobile money operator, Paga, says it has processed transactions worth N14 trillion in the last 15 years. The company’s...
The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has announced his approval for Air Peace to operate the Abuja-London route, expanding the airline’s existing...
The Federal Government of Nigeria received an additional N3.8 trillion in what appears to be fresh Ways and Means Borrowing in the last six months of...
In partnership with Hello TC Daily readers, senior editor Timi here.👋🏾 This will be Mariam Muhammad’s last day writing TC Daily and working for TechCabal 😢....
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has attributed the recent scarcity of fuel in some regions of the country to logistical problems impacting the...
The Federal Government, through the Ministry of Aviation and Aerospace Development, has authorized Messrs NAEBI Dynamic Concept Limited to exclusively collect helicopter landing fees at all...
Dangote Cement has released its unaudited financial statements for Q1 2024, posting a gross turnover of N817.35 billion, representing a 101% year-on-year increase from the N406.7...
The Nigerian National Petroleum Company Ltd (NNPCL) has announced the signing of an agreement with African Refinery for a share subscription agreement with Port-Harcourt Refinery. The...
The naira experienced a decline on Thursday afternoon, falling to N1,450 per dollar in the parallel market. This represents a decrease of 8.28% or an N120...
Guinness Nigeria Plc has released its unaudited financial statement for the nine-month period ending March 31, 2024, revealing a loss after tax of N61.7 billion. The...
Counting for a triumphant burst of progress, Palremit has obtained its crypto license from the Polish government. This is a significant milestone that will enable Palremit...
The federal government has signed an agreement called the Aso Accord with state governments and private sector stakeholders to make financial services affordable and accessible to...
In 2023, Nigeria’s banking sector witnessed a substantial increase in lending activities amid interest rate hikes, reflecting both the resilience of the economy and strategic efforts to support...
On Thursday, the Nigerian Stock Exchange (NSE) witnessed a modest uptick in its principal indicators, with the NGX All-Share Index (ASI) climbing by 48 points to...
Energy and other commodity prices are projected to become significant deflationary factors in the forthcoming years, according to the World Bank. This trend may pose challenges...
Dangote Sugar Refinery has announced the suspension of its proposed merger with Dangote Rice Limited and Nascon Allied Industries plc for the time being. The company...
Billionaire founder of Meta, Mark Zuckerberg has said that Threads, the social networking app competing with X(formerly Twitter), has surpassed 150 million monthly active users, up...
The average cost of making jollof rice across major cities in Nigeria nearly hit the N17,000 mark as of March 2024. The SBM Jollof Index for...
The White House is contemplating granting temporary legal status and work permits to illegal immigrants who are married to American citizens. This is as a result...
Lafarge Africa Plc., a leading innovative and sustainable building solutions company, has launched a revolutionary innovative and first of its kind water resistant cement in Nigeria...
The Lagos State Water Corporation (LWC) has dismissed 391 ‘redundant’ employees as part of its ongoing effort to reorganize the company’s structure in the face of...
The Federal Airports Authority of Nigeria (FAAN) has launched an investigation into a fire incident that occurred on Thursday at the E54 bridge of the Murtala...
The Governor of Lagos State, Babajide Sanwo-Olu, has said his administration has been paying an additional N35,000 wage allowance to workers in the state since the...
At least 118 prison inmates escaped from a prison facility in Suleja, Niger state close to the Nigerian capital after heavy rains on Wednesday night damaged...
The Lagos State Government, on Thursday, closed Oniru Market in Eti Osa due to violations of environmental regulations. Tokunbo Wahab, the Commissioner of Environment and Water...
In a groundbreaking move that reaffirmed its status as a trailblazer in the fintech industry, Fast Credit has announced the successful payout of Series 4 of...
The price of Bitcoin fell below $64,000 on Thursday morning with over $209 million in crypto-bullish positions wiped off as the market slumped overnight. According to...
Nigeria and 15 other countries have received a boost with a $36.5 million injection of funds to combat trachoma. Dr. Joy Shu’aibu, the Country Director for...
What’s driving this phenomenal performance on the NGX? Nairametrics lists the brilliant minds behind the companies making waves on the NGX. These visionary CEOs are navigating...
Uganda’s Ministry of Finance recently disclosed that gold trade in Uganda is back at the top becoming Uganda’s major export. This declaration was based on data...
British International Investment (BII), the UK’s development finance institution and impact investor, today announced the signing of a $100 million risk-sharing facility with Citi Group to support the trade...
Unilever Group Plc experienced a sales boost in the first quarter, surpassing expectations, as CEO Hein Schumacher drives forward with the company’s turnaround strategy and consumers...
President Bola Tinubu recently approved the launch of the first phase of the Consumer Credit Scheme in Nigeria, a programme designed to offer credit facilities to...
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...