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...
UAC of Nigeria Plc has reported a pre-tax profit of N9.030 billion for the Q1 ended March 31, 2024, representing 1,064% year-on-year (YoY) increase. According to...
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has established a divestment framework to oversee the evaluation of applications for ministerial consent regarding the Shell Petroleum Development...
The International Monetary Fund (IMF) says the critical mineral deposits in sub-Saharan Africa (SSA) can boost the region’s Gross Domestic Product by 12% in 2050. This...
A female student at the University of Abuja, Murjanatu Zubairu, has tragically passed away in a car accident on the Lugbe – Airport Road in Abuja....
Tech giant, Google, has announced the opening of applications for the 8th cohort of its Google for Startups Accelerator Africa program. According to a statement from...
Shareholders of Nigerian Exchange Group (NGX) Plc have given their approval for the group’s initiative to raise capital of up to N10 billion naira through a...
Only 20% of Nigerian bank employees implicated in fraudulent activities were dismissed in 2023, indicating a lenient stance towards internal malpractices. An analysis of reports on...
Nigerian banks lost a total of N2.09 billion to frauds in Q4 2023 with mobile emerging as the top channel through which the largest amount was...
MTN Nigeria experienced significant financial strain due to a continued depreciation of the naira, reporting a net foreign exchange loss of N656.3 billion in Q1 2024,...
Coca-Cola Co. is preparing for listings on two stock exchanges, after previously deferring such plans. According to a report by Bloomberg, the beverage giant is contemplating...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the initiation of a new bid round for marginal oil fields in Nigeria in 2024. This round...
The Central Bank of Nigeria (CBN) has increased the exchange rate for the Nigerian Customs Service duty collection by N163. Hence, the latest exchange rate for...
The Central Bank of Nigeria (CBN) has increased the exchange rate for the Nigerian Customs Service duty collection by N163. Hence, the latest exchange rate for...
In partnership with Good morning ☀️ Before we get to today’s edition, here’s a reminder that we launched The Big Daily last week, it’s TC Daily...
The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja has restrained Multichoice Nigeria, a prominent Pay-TV operator, from increasing the prices of its DStv and...
The Registrar of the Joint Admissions and Matriculation Board (JAMB), Ishaq Oloyede, officially unveiled the results of the 2024 Unified Tertiary Matriculation Examination (UTME) during a...
LinkedIn is currently offering free soft skills courses, open to everyone, including students and working professionals. The aim of this initiative is to align with LinkedIn’s...
The Nigerian economy’s heavy reliance on oil revenues has made it particularly vulnerable to international market dynamics, leading to currency depreciation and a disparity between official...
The Cryptocurrency industry could hit 1 billion users by the end of 2025 according to Bitcoin Analyst Willy Woo. According to CoinTelegraph, Willy Woo took to...
The trial of A. OluwaSesan, indicted in a computer-related theft case involving $87,883,904, has been adjourned by the Federal Capital Territory High Court, Abuja. The Inspector...
An oil and gas expert says the current petrol pricing does not reflect market realities, noting that this is the major cause of the current fuel...
The Nigerian Naira saw a notable increase in value against the US dollar in the parallel market, reaching N1,350. This marked a 2.20% rise from the...
The revenue collection efficiency of 11 electricity distribution companies (Discos) reached 85.82% in February 2024, according to a report by the Nigeria Electricity Regulatory Commission (NERC)....
The Board of Directors of Seplat Energy has announced the appointment of Mrs Eleanor Adaralegbe as Executive Director effective May 1, 2024. She will also be the Chief...
The Abuja Electricity Distribution Company (AEDC) has clarified the ongoing power outage affecting parts of Abuja, attributing it to technical faults on several feeders in the...
The Central Bank of Nigeria (CBN), under Yemi Cardoso, has increased the monetary policy rate (MPR) by 600 basis points so far, from 18.75% to 24.75%...
One year has elapsed since former President Mohammadu Buhari approved the postponement of the 2023 population and housing census. The suspension was disclosed in a press...
The demolition of structures at Landmark Beach Resort in Oniru, Victoria Island, kicked off today, April 29, 2024, as a result of its encroachment on the...
In Canada, over one million foreign students are primarily restricted to low-wage, part-time jobs. This is due to youth unemployment figures in Canada currently hovering near...
The National Film and Video Censors Board (NFVCB) has reported that it processed and categorized 274 films from Nigeria’s film industry in the first quarter of...
Daniel Ek, the co-founder of Spotify Technology SA, has opted to sell off a portion of his shares in the audio-streaming giant after gross margin grew...
The Central Bank of Nigeria (CBN) has directed four fintech companies to stop onboarding new customers until further notice. The four fintechs include OPay, Palmpay, Kuda...
MTN Nigeria Communications Limited has asked the Federal High Court, Abuja, to strike out the alleged copyright infringement case instituted against it by the Nigerian Copyright...
Oil marketers have blamed the fresh scarcity of Premium Motor Spirit (PMS) otherwise known as petrol, which is currently being experienced in some parts of the...
The Nigeria Customs Service (NCS) announced that it generated N498.07 billion in revenue for March 2024, amounting to an average hourly revenue of approximately N669.45 million...
A Federal High Court in Abuja has approved an interim order requested by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1,146 bank...
Seplat Energy Plc has released its unaudited financial statements for Q1 2024. The company posted a pre-tax profit of $69.3 million, representing a 19.5% year-on-year decline...
Seplat Energy Plc has released its unaudited financial statements for Q1 2024. The company posted a pre-tax profit of $69.3 million, representing a 19.5% year-on-year decline...
ChatGPT maker, OpenAI, has signed a partnership deal with the UK’s Financial Times (FT) to allow the AI company to use its content to train AI...
The United States Congress has made proposals to extend the African Growth and Opportunity Act (AGOA) to all 54 African countries and also extend it to...
Nairametrics held its monthly economic webinar on Saturday with the theme “Exploring Solutions for Nigeria’s Energy Sector.” The webinar, which was hosted by Samuel Oyekanmi, included...