Exchange rate gains during the month of April led to a slowdown in inflation pressure, according to the Stanbic IBTC Nigeria Purchasing Managers Index (PMI) in...
The Nigerian government, on Wednesday, shared a video of a Danish shipping and logistics company, A.P Moller-Maersk, pledging a $600 million investment to expand existing port...
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has said that government purchases of palliatives are a contributing factor to rising food prices in...
Nigeria’s Brass River, Bonny Light, and Qua Iboe are trading above $85 a barrel, a dollar higher than the active Brent contract. However, this increase hasn’t...
The Nigeria Deposit Insurance Corporation (NDIC) has announced a substantial increase in the maximum deposit insurance coverage levels across various banking sectors. Effective immediately, the new...
The Board of Presco Plc has announced the appointment of Mr Olakanmi Rasheed Sarumi as Chairman of the company. The Board also appointed Mrs Grace Titilayo Osuntoki and...
Dear President Tinubu, I hope this message finds you well. I want to draw your attention to an issue that has been quite concerning to me...
FCMB, Nigeria’s first local bank to be established without government support, has recently released its financial year 2023 results. The bank has been making significant strides...
Amid the vibrant hustle at Iwo Road, Ibadan, 25-year-old Temi Okeowo paused at the entrance of a dental clinic, her heart beating with a mix of...
Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period...
The recent price increment announced by the major Cable TV operator in Nigeria, Multichoice, has rattled many Nigerians, who are currently battling inflation on many fronts....
The Economic Community of West African States (ECOWAS) Council of the Wise has warned regional governments against being proxy frontiers of foreign powers. The ECOWAS Council...
The Lagos State government has uncovered a network of makeshift apartments beneath the Dolphin Estate Bridge in the highbrow area of Ikoyi where tenants reportedly pay...
In partnership with Good morning️ ☀️ TechCabal Insights has partnered with the Japan International Cooperation Agency (JICA) to release a report on the Nigerian startup scene....
Governor Alex Otti of Abia State, on Wednesday, signed the ‘Dig Once’ policy, setting forth clear guidelines for the installation of underground broadband technology infrastructure within...
Eternal Oil Plc has released its financial performance for Q1 2024, disclosing a pre-tax loss of N3.302 billion, a stark contrast to the N1.29 billion pre-tax...
The International Criminal Police Organization for Africa (INTERPOL Africa) says they have completed the extradition papers for Nadeem Anjarwalla, Binance executive who fled detention in Nigeria....
Forbes recently unveiled a new list of top schools outside the Ivy League, citing ongoing anti-Israel protests on Ivy League campuses. According to Forbes, the publication...
Kayode Kasum’s comedy-drama, “Ajosepo,” continues its triumphant reign at the Nigerian box office, amassing an impressive N136 million in just 21 days of cinematic screening. The...
The Centre for Promotion of Public Enterprise, (CPPE) has asked the Central Bank of Nigeria (CBN) to adopt a specific quarterly exchange rate for import duty...
The Centre for Promotion of Public Enterprise, (CPPE) has asked the Central Bank of Nigeria (CBN) to adopt a specific quarterly exchange rate for import duty...
Seplat Energy Plc is set to disburse a total of N46.2 billion for its 2023 final and special dividend, representing a payout ratio of 57%. This...
In the intricate dance of attracting Foreign Direct Investment (FDI), policy plays the role of choreographer. As illustrated in the process of Company A’s expansion, from...
In the intricate dance of attracting Foreign Direct Investment (FDI), policy plays the role of choreographer. As illustrated in the process of Company A’s expansion, from...
The London Metropolitan Police have named the 14-year-old British-Nigerian Daniel Anjorin as the boy killed in the sword attack that occurred in North-East London on Tuesday....
In March 2024, African airlines experienced an 8.1% year-on-year increase in international passenger demand, signaling robust growth in international passenger markets during that period. This information...
Kenyan President William Ruto is confident of a positive response from the International Monetary Fund (IMF) for a $1 Billion disbursement citing an improving Kenyan economy...
The Naira opened the month of May on a negative note, trading at N1,360/$ at the parallel market, representing a slight decline of 0.74% from the...
The Board of Berger Paints Nigeria Plc (BPN), has approved the appointment of Mrs. Nkechi Ojeyokan as the Company’s Chief Financial Officer (CFO), effective 01 May...
A tribunal has recently ruled that this pay-per-view platform should suspend its price hike until further notice. A ‘concerned’ Nigerian had taken the firm to the...
Microsoft co-founder Bill Gates has experienced a notable decline in his billionaire status, dropping to the lowest ranks in years. Despite being worth nearly $128 billion,...
Landmark Beach management has decided to deactivate its app and has issued a statement addressing its customers regarding the current developments surrounding plans for demolition. In...
Landmark Beach management has decided to deactivate its app and has issued a statement addressing its customers regarding the current developments surrounding plans for demolition. In...
The government of Japan says it wants Nigerians and its government to collaborate with Japanese companies to achieve stronger mutual economic growth. The Japan Ministry of...
In 2023, major consumer goods companies listed on the Nigerian Stock Exchange (NGX) recorded FX losses amounting to N839.24 billion in the 2023 financial year. This...
President Bola Tinubu has stated that hardworking Nigerians are entitled to fair wages and improved welfare, emphasizing that his administration is committed to enhancing the conditions...
The federal government on Wednesday May 1, 2024 (today), commenced the payment of N2.75 billion compensation to property owners impacted by demolitions required for the construction...
Gavi, the Vaccine Alliance, has revealed that Africa accounts for 65% of its investment, resulting in the immunization of 438 million unique children and the prevention...
Gavi, the Vaccine Alliance, has revealed that Africa accounts for 65% of its investment, resulting in the immunization of 438 million unique children and the prevention...
In March 2024, African airlines experienced a 14.2% year-on-year growth in air cargo demand, highlighting a persistent trend in robust annual expansion in the global air...
The directors present the summary financial information on First City Monument Bank Limited (“the Bank”) and its subsidiary companies (together “the Group”) for the year ended...
Minister of Housing and Urban Development, Arc Ahmed Musa Dangiwa, has revealed that the Federal Government has awarded contracts for the Renewed Hope Cities and Estates...
The Joint Admissions and Matriculation Board (JAMB) announced the outcomes of the 2024 Unified Tertiary Matriculation Examination (UTME), revealing that a mere 0.4% or 8,401 candidates...
The Board of Directors of Lafarge Africa Plc has announced the appointment of Mr. Gbenga Oyebode as the Chairman of the company. According to the company’s notice...
A gas explosion occurred in Ajegunle, Olodi Apapa, on Tuesday, caused by the routine offloading of gas cylinders into a shop, which sparked the explosion. The...
The Transmission Company of Nigeria (TCN) has stated that, contrary to popular opinion, the occurrence of national grid collapses has decreased significantly by 76.47% in the...
Tanzania and Kenya have resolved a longstanding trade spat over the export of poultry and poultry products between the two countries, said the East African Community...
The National President of the National Labour Congress (NLC), Joe Ajaero, has described the federal government increase of civil servants by 35% as mischievous, insisting that...
FCMB Group Plc, one of the nation’s commercial banks, will seek shareholders’ approval to raise N150 billion capital at the group’s annual general meeting (AGM) scheduled...
In a breakthrough, Jeroid, a prominent Nigerian cryptocurrency trading platform, has garnered the esteemed International Standard Organization (ISO) certification. This remarkable feat establishes Jeroid as the...
FCMB Group Plc released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N31.344 billion, marking a significant 193% increase year-on-year This result...
The Minister of Works, Sen. David Umahi has stated that Landmark Africa has no claim to the 250-metre shoreline, which is part of the Right-of-Way for...
Bitcoin’s price broke below the 60K mark after falling over the past five days, hitting a low of $59.1K at the time of writing. Despite a...
Bitcoin dropped to less than $62,000 in price after the much-anticipated debut of Hong Kong’s Exchange Traded Fund (ETFs) failed to live up to expectations. According...
The Chartered Institute of Stockbrokers (CIS) has elected Mr. Oluropo Dada as its 13th President and Chairman of the Governing Council. Dada’s election was announced in a statement...
Landmark Africa, owner of Landmark Beach on Victoria Island, responded to the demolition of parts of its property for the Lagos-Calabar Coastal Highway project, stating that...
Kredi, a full-service digital bank that helps Nigerians spend, save, invest, borrow, and “banktheinKredibleway” has announced award-winning Nollywood actor, Deyemi Okanlawon as its first brand ambassador....
BuuPass, Kenya’s digital intercity multimodal travel solutions provider, has finalized its acquisition of QuickBus, a major player in the bus ticketing service industry in Nigeria and...
The Nigerian naira traded near its April low, while the dollar index approached a six-month high as anticipation of a Federal Reserve meeting kept traders largely...
Hon. Justice Sinmisola Adeniyi of the National Industrial Court, Abuja, has upheld the termination of employment of a former Deputy Manager of First Bank of Nigeria...
About 34.3% of Nigerian workers, aged 15 and older, are working poor, living below the poverty line despite being employed. This is according to the Nigeria...
The Federal Government has approved an increase in salaries across various salary structures in a move aimed at boosting the welfare of civil servants. The increase,...
Multichoice Nigeria, a popular Pay TV provider, has proceeded with the upward adjustment of its prices for DStv and GOtv subscribers, despite a recent court ruling...
Access Holdings has maintained its position as Nigeria’s largest banking group, with assets reaching N32.6 trillion as of March 31, 2024. This represents a whopping 22%...
The Executive Director of Cavista Technology, Mr Bamidele Odufuye, has said that Nigeria needs more tech startups focusing on health solutions, having recorded successes in fintechs...
Shareholders of Transcorp Hotels Plc have endorsed the recommendation of the board of directors for a dividend of N2.05 billion for the financial year ending December...
The Chairman of Dangote Sugar Plc, Alhaji Aliko Dangote, says the company plans to end the importation of sugar in the next four years going by...
The Nigeria Inter-Bank Settlement System (NIBSS) 2023 Annual Fraud Landscape reveals an alarming trend in international fraud activities targeting Nigerian banks’ customers. The financial landscape in...
Multichoice Nigeria recently announced another price increase on its DStv and GOtv packages, marking a third time in the last 12 months. While many Nigerians are...
In partnership with Happy workers’ day 🛠️ Application for TechCabal Battlefield is still ongoing, don’t miss the opportunity to showcase your startup to a global audience...
A new report from the think-tank, Onward, has proposed a radical overhaul of the UK’s higher education system. The report recommends that only top-performing universities should...
Binance founder, Changpeng Zhao, has been handed a four-month prison sentence due to lapses that enabled cybercriminals and terrorist organizations to operate freely on the globe’s...
BUA Foods has posted a profit before tax of N62.4 billion in Q1 2024, representing a 36% year-on-year increase from the N45.9 billion pre-tax profit posted...
The Federal Government has announced that Wednesday, May 1, will be a public holiday to celebrate Workers’ Day this year. This was declared by the Minister...
The Lagos State Government has disbursed a total sum of N849,555,000 in scholarships and bursaries to 10,066 students enrolled in its tertiary institutions. Mr. Tolani Sule,...
OPay remains committed to working closely with the Central Bank of Nigeria (CBN) and other regulatory bodies to fight money laundering, fraud, terrorism financing, and other...
Elon Musk’s financial fortunes are witnessing a dramatic turnaround, rebounding from a recent slump to reach levels not seen in nearly a year. According to the...
The Nigerian Content Development and Monitoring Board (NCDMB) has announced that it has received an interim dividend of N450 million from the N1.5 billion declared by...
The Board of Standard Chartered Bank has announced the appointment of Dalu Ajene as the Chief Executive Officer of the Bank’s operations in Nigeria. According to the Bank’s press statement...
A Federal Capital Territory High Court, Abuja on Tuesday has adjourned the fresh arraignment of the suspended governor of the Central Bank of Nigeria (CBN), Godwin...
Wayne Rooney has landed a new job as a football pundit on The Overlap. The 38-year-old will be featured on the YouTube channel with Ian Wright,...
Coca-Cola Co. revised its 2024 forecast upward following a sterling first-quarter performance that surpassed Wall Street’s projections. Organic revenue, excluding currency fluctuations and acquisitions, surged by...
Okomu Oil Palm Plc has reported a pre-tax profit of N23.033 billion for the Q1 ended March 31, 2024, representing a 54.77% year-on-year (YoY) increase. The...
Lafarge Africa Plc has released its unaudited financial statement for the first quarter (Q1) of 2024, posting a pre-tax profit of N8.7 billion. This represents a...
Glovo, a food delivery giant in Africa, has announced that it will be exiting the Ghanaian market on May 10, 2024, citing profitability challenges and a...
The presidential candidate of the Labour Party in the 2023 general election, Peter Obi, has cautioned that the ongoing demolition of various properties for the purpose...
Recently, alarming reports have surfaced regarding the illicit use of doctored visuals from Channels Television to endorse fraudulent investment schemes. Channels Television, in response to these...
Inam Wilson, the appointed liquidator of Greif Nigeria Plc, has said that the process of voluntary wind-up is still ongoing. In a notice of Status of...
A former United Nations Special Rapporteur on Human Trafficking, Professor Joy Ezeilo, says the road to redemption in Nigeria is indeed a long one. This is...
The fintech business of MTN Nigeria recorded a marginal increase to N22.8 billion in the first quarter(Q1) of this year. According to the company’s Q1 2024...
Uganda has signed a $295 million loan agreement with Saudi Islamic Development Bank (IDB), said the East African country’s finance minister on Tuesday. According to Reuters,...
Canada’s Immigration Minister, Marc Miller, has announced that from September, international students will have the opportunity to work off-campus for up to 24 hours per week....
Chowdeck, Nigeria’s on-demand delivery service, has secured $2.5 million in seed funding to optimize its operations and support expansion into more cities across the country. According...
The Nigerian National Petroleum Company (NNPC) Limited has informed the public that the current fuel shortages and the accompanying queues will be resolved by Wednesday. Olufemi...
Cocoa prices moderated past their 2-1/2 week low on Tuesday due to increased supplies from Nigeria and an uptick in rainfall. Nigeria, the world’s fifth-largest cocoa...
Cocoa prices moderated past its two and a half-week low on Tuesday amid a boost in supplies from Nigeria and an uptick in rainfall. Nigeria, the...
The Joint Admissions and Matriculation Board (JAMB) has unveiled the results of the 2024 Unified Tertiary Matriculation Examination (UTME), with only 0.4% or 8,401 candidates achieving...
Max, the leading tech platform that democratises access to vehicle ownership, and Spiro, an innovative electric mobility company, is thrilled to announce a strategic collaboration aimed...
The Economic Financial and Crime Commission (EFCC) is currently conducting investigations into the stewardship of several high-profile government officials, including former governors, ministers, and senators, among...